Actuarial Analyst

Lockton Companies - Overland Park, KS

Full-time - Entry Level

Overland Park, KS

5,001-10,000 employees

Insurance Carriers and Related Activities

About the position

Lockton is seeking an Actuarial Analyst to support its goal of providing actionable insights for stakeholders. The role involves producing detailed data insights and analysis to evaluate program performance and profit commission potential, as well as supporting new program submissions and transitions. The analyst will work closely with various teams to ensure data accuracy and facilitate informed decision-making.

Responsibilities

• Proactively monitor and assess the performance of insurance programs to ensure alignment with organizational goals and objectives.
• Develop detailed actuarial-style data reports for carrier submissions, new business opportunities, and program evaluations.
• Ensure that data is accurate, comprehensive, and presented in a manner that supports key decision-making processes.
• Conduct in-depth analysis of program performance, profit commissions, loss ratios, and other critical metrics.
• Identify trends, risks, and opportunities, providing management with actionable recommendations that support both short-term and long-term objectives.
• Collaborate with stakeholders, including underwriting teams, senior leadership, and carrier partners to understand needs and develop strategic solutions.
• Effectively communicate performance results, analysis, and recommendations through detailed reports and presentations.
• Build strong working relationships with carrier partners to align on strategic goals.
• Work closely with IT teams to ensure that systems and reporting tools are optimized and updated as needed.
• Implement checks and balances to maintain high data integrity across all reports and analysis.

Requirements

• Bachelor's degree in actuarial science, math, statistics, analytics, data science, computer science, finance, or other business-related degree.
• Strong critical thinking and problem-solving skills.
• Highly effective oral and written communication skills.
• Proficiency with Microsoft Office products, particularly Excel.
• Self-motivation and the willingness to take initiative and ownership on projects.
• Prior analytics experience, particularly in the P&C industry, is strongly preferred.

Nice-to-haves

• Prior experience with Power BI is preferred.
• Actuarial exams are a plus, but not required.

Benefits

• Opportunities for growth and advancement, including paid training and professional development.
• 12-week paid parental leave.
• A huge emphasis on community involvement.
• Frequent athletic and wellness events.