Pinnacle Actuarial Resources - Bloomington, IL

posted 3 months ago

Full-time - Entry Level
Bloomington, IL
Insurance Carriers and Related Activities

About the position

The Actuarial Analyst position is a full-time role that reports to a Consulting Actuary or Senior Consulting Actuary. The primary responsibility of the Actuarial Analyst is to support the actuarial consulting projects by creating, organizing, and inputting data into actuarial models. This role requires working under the guidance of a Senior Actuarial Analyst, Associate Actuary, or Consulting Actuary to ensure that the data is accurately processed and that the models are technically sound. The Actuarial Analyst will play a crucial role in maintaining client relationships by providing accurate information and feedback, which is essential for the success of the consulting projects. In this position, the Actuarial Analyst will participate in various aspects of actuarial consulting projects, including organizing and inputting data into actuarial models, modifying existing models, and manipulating code for data processing and predictive modeling. The analyst will also be responsible for conducting technical reviews of the data input into the models and ensuring that the models are accurate and reliable. Effective communication with project teams and managing internal expectations are key components of this role, as the Actuarial Analyst will need to ensure that projects are completed on time and meet the high standards set by Pinnacle. Additionally, the Actuarial Analyst will be expected to participate in client visits and calls, provide presentations to internal colleagues, and attend internal meetings. The role requires a commitment to maintaining confidentiality, tracking time accurately for client billing, and complying with the Casualty Actuarial Society's Code of Professional Ethics. The Actuarial Analyst will also be expected to make progress toward completing actuarial exams as defined in the Pinnacle Exam Policy, demonstrating a commitment to professional development and growth within the field.

Responsibilities

  • Participate in the delivery of actuarial consulting projects
  • Organize and input data accurately into actuarial models
  • Modify existing actuarial models and manipulate existing code for data processing and predictive modeling under the direction of a project manager
  • Complete technical review of data input into actuarial models
  • Review actuarial models for technical accuracy
  • Format work correctly and professionally; ensure that work product is complete, correct and logical
  • Participate in client visits and calls as directed
  • Effectively communicate with project teams and manage internal expectations to ensure that projects are on time and meet Pinnacle standards for excellence
  • Communicate clearly with coworkers and supervisors regarding day-to-day projects
  • Suggest improvements to accuracy, efficiency, and/or quality of Pinnacle processes or work products to supervisor
  • Proactively request additional work when available
  • Provide at least one actuarial presentation per year to internal colleagues
  • Attend and participate in internal meetings
  • Track and enter time accurately for client billing and payroll processing
  • Handle and process confidential information with complete discretion
  • File projects and materials according to Pinnacle's internal filing system
  • Comply with the Casualty Actuarial Society's (CAS) Code of Professional Ethics for Candidates
  • Sustain progress toward the completion of the actuarial exams as defined in the Pinnacle Exam Policy
  • Regular, predictable and punctual attendance

Requirements

  • Minimum Bachelor of Arts or Bachelor of Science degree from an accredited college or university; a degree in actuarial science, mathematics, statistics or other related degree preferred
  • Advanced level mathematical, statistical and actuarial methods in the performance of actuarial functions
  • Successful completion of at least two actuarial exams
  • Actively pursuing credentials in the CAS
  • Actuarial internship experience preferred

Nice-to-haves

  • Basic knowledge of actuarial techniques
  • Analytical and mathematical proficiency
  • Attention to detail and commitment to task
  • Project coordination and organizational ability
  • Manage multiple tasks and deadlines
  • Proficiency with Microsoft Office software and additional software as needed
  • Strong verbal and written communications skills
  • Ability to extract relevant information from proposals

Benefits

  • Paid vacation, sick and holiday time
  • Paid study time
  • Exceptional medical, dental and vision insurance
  • 401k
  • Disability insurance
  • Wellness benefits
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