Actuarial and Analytics Business Analyst

This is a fully remote position, open to applicants in Massachusetts.

📋 Description

• Independently executes routine actuarial and/or analytics tasks with minimal supervision.

• Offers quantitative assistance for product development, financial evaluation, management reporting, and additional actuarial and/or analytics research, following guidance.

• Extracts and consolidates data from various databases to analyze and create reports and spreadsheets.

• Capable of independently managing all facets of routine filing preparation where standard actuarial support is needed.

• Aids in the training and development of other actuarial and/or analytics personnel and may serve as a peer mentor.

• Evaluates pricing, reserving, or corporate profitability and capital management data.

• Analyzes company and industry experience as necessary.

• Designs and prepares special reports and other data compilations as requested.

• Understands and draws conclusions from the data collected.

• Engages with internal and external clients to discuss analysis outcomes.

• Analyzes, compiles, and conducts competitive assessments.

• Prepares preliminary recommendations under supervision.

• Prepares and presents actuarial and/or analytics findings to management and business partners.

• Provides support for routine inquiries from the insurance department.

• Monitors compliance with ISO, NCCI, State Rating Bureau filings, and SOX while recommending actions.

• Maintains pricing, reserving, or corporate capital management systems.

• Acts as a liaison between systems and the actuarial department.

• Prepares and maintains documentation for existing processes.

• Adheres to peer review standards.

• Undertakes other projects and assignments as instructed.

• Employees are expected to fulfill the essential functions of their role, including maintaining regular, predictable, and reliable attendance and adhering to their assigned work schedules.

• Communicates effectively with internal and external stakeholders through appropriate channels, including phone, email, teams, and in-person interactions as needed.

⛳️ Requirements

• Bachelor’s degree

• Minimum of 3 years of experience in Property/Casualty actuarial and/or analytics work

• Strong quantitative background

• Familiarity with Property/Casualty insurance rate-making and reserving concepts

• Proficient in desktop applications and software tools

• Analytical Thinking - Utilizes analytical techniques (e.g., dissecting a complex whole into parts or elements to address problems or issues).

• Communication of Results - Capable of articulating concepts (e.g., business, technical, and others), ideas, insights, opinions, and conclusions to ensure understanding or persuade action.

• Fosters an environment that values and encourages the opinions of others and promotes the sharing of information and ideas.

• Information Seeking - Diligently investigates and researches multiple sources to uncover details and comprehensive information about resources, issues, and problems.

• Conducts thorough research, asks probing questions, and goes beyond surface issues.

• Self-Management - Effectively organizes and plans work to achieve desired results.

• Demonstrates adaptability in applying various approaches to changing work demands.

• Exhibits confidence in their ability to meet challenges and maintains performance under pressure.

• Pursues improvement through learning, development, and feedback.

🏝️ Benefits

• Ability to utilize a personal computer and other standard office equipment.

• Capacity to operate in a fast-paced or high-pressure environment.

• Willingness to travel as required.

• Ability to sit and/or stand for extended durations.

• Employees are expected to engage professionally in virtual meetings, with video camera usage anticipated under most circumstances.