Actuarial Analyst

Old Republic General Insurance Group - Chicago, IL

Full-time - Entry Level

Chicago, IL

11-50 employees

Insurance Carriers and Related Activities

About the position

The Actuarial Analyst position at Old Republic International Corporation offers an excellent opportunity to enter the Actuarial development track within a high-performing department. The role involves assisting actuaries with pricing and reserve analyses for various property-casualty commercial lines, providing a pathway for professional growth. The position is based in downtown Chicago and includes a hybrid work program allowing for two remote days per week.

Responsibilities

• Assist actuarial team with data preparation for pricing and reserving projects in a high production environment.
• Develop rate level indications and other information in support of compliance filings.
• Review/analyze renewal submissions for data consistency and accuracy.
• Identify, communicate, and resolve discrepancies in data including loss, premium, and exposures.
• Scrub and summarize historical loss data provided in a wide range of file formats.
• Perform quality reviews of other consultants' work.
• Complete basic pricing and reserving projects.
• Prioritize multiple projects simultaneously.
• Assist in maintaining and updating existing pricing models.
• Gain familiarity with various internal and external data sources.
• Complete other duties as assigned.

Requirements

• Bachelor's degree from a four-year college or university.
• Successful completion of at least one actuarial exam.
• Demonstrated problem solving and analytical abilities.
• Strong planning, organization, and time management skills.
• Excellent communication skills on multiple platforms and customer service skills, including the ability to effectively communicate with non-actuaries.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Attention to detail.
• Ability to work in a team environment.

Nice-to-haves

• Successful completion of an actuarial or business internship preferred.
• Strong working knowledge of Microsoft Office products, especially Excel.