Mapfre - Webster, MA
posted 4 months ago
The Actuarial Analyst position at MAPFRE Insurance is designed for individuals who are eager to develop their skills in actuarial analyses in accordance with the principles set forth by the Casualty Actuarial Society (CAS). This role is located in Webster, MA, but can also be performed remotely, making it accessible for candidates within a commutable distance. The primary responsibility of the Actuarial Analyst is to assist in the development of actuarial analyses that contribute to the overall performance of the actuarial area. This includes learning how to make necessary updates to ensure that analyses remain current and free from errors. In this role, the Actuarial Analyst will support pricing analyses for selected property and casualty insurance products offered by MAPFRE Insurance. This involves updating analyses related to the pricing of new or revised coverages and potential structural changes in product pricing, such as class plans and amount of insurance relativity curves. The analyst will also learn indication methodologies and update existing repetitive work efforts and projects. A key aspect of the position is understanding and using appropriate insurance and actuarial terminology in the context of analysis and explanations. The Actuarial Analyst will be responsible for pulling data, spotting obvious errors and anomalies, and working towards becoming an expert in specific states or lines of business (LOB). The role requires active listening during training sessions and encourages asking questions to deepen understanding. Additionally, the analyst will perform other actuarial analyses on an ad-hoc basis, collaborating with peers during downtime, retrieving and manipulating basic data, and pursuing exams on the CAS syllabus. Adherence to company policies and procedures, as outlined in the Human Resources Policy Guide, is essential, as is following departmental and functional area standards as identified by management.