Hello Everyone,
I am hiring for the role mentioned below.
Job Title:
Sr. Actuarial Analyst
Work Location: Remote
Webster, Massachusetts,
Work Arrangement: Remote
Application Deadline:
Applications are accepted on an ongoing basis until the position is filled.
Job Summary
We are seeking an experienced Sr. Actuarial Analyst to join our team, focusing on risk monitoring, profitability analysis, and other key actuarial functions. This role involves conducting in-depth reviews of insurance product profitability, assessing portfolio risk, and working closely with various teams to support sound underwriting and pricing decisions. The ideal candidate will bring a blend of technical actuarial skills, analytical expertise, and experience within the general insurance industry, particularly in Property & Casualty (P&C).
Key Responsibilities
Data extraction and preparation for pricing studies and analysis
Provide Pricing guidance and consulting services to different data, infrastructure and IT team
Help Data team in developing data mart and recommending data elements to be included for use case enablement – Pricing, Rating , Filing etc.
Present actionable insights, recommendations and finding to Actuaries and Data team (leadership)
Develop project plan , execute and help in delivery excellence
Conduct market and competitor research esp. filing material
Support filing activities including indications, base rate changes, rate monitoring, dislocations etc.
Prepare filing exhibits or regulatory requirement exhibits
Develop internal QC processes to ensure filing accuracy and quality
Train and upskill team members in new rating and filing tools & techniques
Identify process enhancements opportunities and propose automation-based solutions
Apply actuarial pricing techniques of exposure and experience rating based on data quality and availability
Understand and incorporate product changes, rating factors and other inputs to develop new rates or revise existing rates
Coordinate with product owners to understand pricing requirements and timelines
Support actuarial data processing involving loss development, trend analysis and IBNR allocation
Support data extraction, analysis and transformation to produce final datasets for downstream analysis
Apply advanced statistical techniques like GLMs, XGBoost, Lasso etc. to build predictive models
Understand and incorporate external factors like inflation, CAT impact etc.to produce comprehensive rates
Cross-Functional Collaboration:
Partner with underwriting, finance, and data analytics teams to align on product goals and refine risk management strategies.
Present findings to senior leadership, translating complex actuarial concepts into actionable insights.
Qualifications
Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field; completion of actuarial exams with ASA or FSA designation preferred.
Extensive experience in P&C Actuarial Pricing – LC Modeling, Rate revisions, indications, Rate monitoring etc.
Experience working with large data – Policy, claims , external data
Proven expertise in risk assessment, monitoring, and profitability review.
Strong analytical and quantitative skills, with proficiency in actuarial modeling software (e.g., R, SAS, Python) and Excel.
Working experience with insurance regulations, rate filings, and compliance requirements.
Excellent communication and interpersonal skills, with the ability to explain complex concepts to non-technical stakeholders.
Ability to work independently and collaboratively in a fast-paced, dynamic environment
NLB Services is an
Equal Opportunity Employer. All qualified applicants will receive consideration without regard to any legally protected characteristic, including disability and protected veteran status. For recruitment accommodations, contact your recruiter or notifications@nlbservices.com.
Reasonable Accommodation
NLB Services provides reasonable accommodations during the recruitment process as required by law. Applicants requiring an accommodation due to a disability, pregnancy-related limitation, or sincerely held religious belief, practice or observance may contact their recruiter or email notifications@nlbservices.com.
Benefits
Based on employment status and assignment, eligible employees may receive benefits, such as Medical, Dental and Vision Insurance, Health Insurance, Disability Insurance, etc. Eligibility and benefit terms vary by assignment.
Other Important Terms
Applicants must be legally authorized to work in the United States.
Any employment offer may be contingent upon job-related screening, employment eligibility verification and other requirements permitted by applicable law.
Following a conditional offer of employment, candidates may be required to complete job-related background screening, which may include criminal history checks and/or drug testing, as applicable and permitted by federal, state, and local law.