Actuarial Analyst

Nj Cure - Detroit, MI

Full-time - Entry Level

Detroit, MI

About the position

The Actuarial Analyst position at CURE Auto Insurance is designed for an entry-level candidate who will play a crucial role in supporting the company's growth through various actuarial tasks. This role involves pricing, reserving, and modeling, contributing to the company's mission of providing affordable auto insurance based on safe driving records. The analyst will work closely with business users to develop predictive models and analyze data to inform business decisions.

Responsibilities

• Prepare and review rate indications to determine base rate adequacy and rate needs.
• Analyze premium and loss trends to support informed business decisions.
• Understand CURE's competitive position and identify suitable rating factors from competitors' filings.
• Complete quarterly reserve analysis and conduct in-depth claims analysis to drive operational improvements.
• Collaborate with business users to create, test, and refine predictive models, quantifying business benefits and presenting results to both technical and non-technical audiences.
• Provide premium and loss data to reinsurers and conduct feasibility studies for new lines of business and state expansions.

Requirements

• 0-1 years of P&C actuarial experience.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related major.
• 1+ actuarial exams with an interest in pursuing ACAS and FCAS credentials from the Casualty Actuarial Society.
• Proficiency in SQL and Microsoft Office.
• Experience with Python and VBA.
• Excellent verbal and written communication skills.