Senior Actuarial Analyst

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

📋 Description

• Conduct comprehensive and intricate risk assessments, detailed data analyses, and advanced financial forecasting.

• Create complex models and manipulate data for pricing and/or reserving property and casualty insurance products.

• Design, develop, and produce critical reports while offering recommendations to leadership.

• Analyze data, generate materials, and prepare communications.

• Compile and organize data for actuarial review.

• Draft reports, proposals, system documentation, filing assistance, and documentation files.

• Suggest enhancements to actuarial methodologies, analyses, and data collection techniques.

• Present project data, findings, and recommendations to management and senior leaders.

• Provide consultation and clarification regarding intricate actuarial and risk assessment models.

• Instruct junior analysts in fundamental actuarial methods and techniques.

• Formulate and interpret complex mathematical models for rate-making and/or reserving.

• Conduct ad hoc analyses, including classification, inflation, and tail factor analyses.

• Assist with state and regulatory filings and respond to inquiries from auditors and DOIs.

• Collaborate with IT and business technical support to collect and verify data.

• Research relevant trend indicators and offer material and verbal support for recommendations.

• Execute actuarial adjustments to fulfill analytical requirements.

• Lead projects and assignments as necessary.

• Coordinate and implement scheduled rate reviews and indications.

• Generate competitive product and rate comparison reports.

• Analyze competitors’ rate structures and coverage options.

• Develop and prepare competitor rate manual analyses.

⛳️ Requirements

• Bachelor's degree in Mathematics, Actuarial Science, Statistics, or a related discipline.

• Successful completion of five or more actuarial examinations.

• Maintain eligibility in the Actuarial Professional Development Program according to department guidelines.

• At least four years of experience in an actuarial setting.

• Experience in pricing or reserving property and casualty insurance products.

• Proficiency in formulating and interpreting mathematical rate-making or reserve models.

• Experience in analyzing technical studies and data, leading to sound conclusions.

• Experience in conducting research and statistical analysis.

• Familiarity with PC software applications such as Word, Excel, and PowerPoint.

• Proficiency with statistical software tools and/or statistical modeling concepts.

• Experience in coordinating and executing projects.

• Experience preparing reports and exhibits for management review.

• Experience with modeling and intricate quantitative analysis.

• Experience in three or more of the following: property and casualty rate filings; property and casualty regulatory filings and statements; competitive product and rate comparison analysis reports; actuarial research related to insurance operations; development, implementation, or enhancement of rating plans or reserving methods; classification, inflation, and tail factor analysis.

• Must agree to a background check and drug screening if offered employment.

• Regular and reliable attendance is crucial.

🏝️ Benefits

• Medical plans with various coverage options, including HSA eligibility.

• Prescription drug coverage.

• Dental and vision benefits.

• Employee Assistance Program.

• Company-paid basic life insurance.

• Optional supplemental life insurance and dependent coverage.

• Short-term and long-term disability coverage.

• Options for critical illness, accident, and pet insurance.

• 401(k) plan with company matching and additional contributions.

• Health Savings Account (HSA) and Flexible Spending Accounts (FSA) options.

• Paid Time Off (PTO).

• Ten company-paid holidays annually for full-time employees.

• One mental health day, two floating holidays, and one volunteer day for full-time employees.

• Paid leave programs, including parental, bereavement, jury duty, and military leave.

• Tuition assistance up to $5,250 annually, with 80% covered by ACG.

• Support for professional certification with 100% reimbursement for eligible programs.

• Opportunities for career development and advancement.

• Complimentary AAA membership with roadside assistance and travel discounts.

• Adoption assistance program.

• Remote work from a home office location.