Note: The job is a remote job and is open to candidates in USA. AAA The Auto Club Group is seeking an Actuarial Analyst to join their team. The role involves learning and utilizing various actuarial techniques to analyze data, develop reports, and support pricing and reserving for insurance products.
Responsibilities
- Analyze data, develop material, and prepare appropriate communications
- Compile and organize data for actuarial review
- Prepare reports, proposals, system documents, filing support and documentation files
- Provide support to projects as required
- Develop pricing and/or reserving for current and/or new property/casualty insurance coverage and products
- Formulate and interpret mathematical ratemaking and/or reserving models using available tools
- Assist with or handle as needed ad hoc analyses, including classification, inflation, and tail factor analyses, for current and future products
- Support state and regulatory filings and respond to inquiries from auditors/DOIs
- Work with IT and business technical support in gathering and verifying data for rate indications, rate revisions, reserve indications, and special projects
- Begin to apply actuarial methods and principles to obtain indications, complete projects, analyze results, and make recommendations
- Research suitable trend indications for analysis
- Communicate effectively with others in a work environment and make oral presentations to business units
- Represent the department on inter-department teams
- Prepare narratives explaining the results of quarterly reserve analyses
- Prepare reports for reserve comparisons with independent third-parties
Skills
- Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field
- Successful completion of one or more actuarial examinations either prior to or within 18 months of date of hire
- Maintain eligibility in the Actuarial Professional Development Program following department guidelines
- Experience in performing research and statistical analysis to complete assignments
- Experience in PC software applications (e.g. Word, Excel, PowerPoint, etc.)
- Knowledge of statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusions
- Skills in preparation/presentation of material
- Ability to manage workflow to achieve multiple goals
- Ability to work individually and as part of a team
- Knowledge of insurance industry terminology and concepts
- Experience using R, Python or SQL
Benefits
- 401k Match
- Medical
- Dental
- Vision
- PTO
- Paid Holidays
- Tuition Reimbursement
- Hybrid work arrangement (time spent in office and remote). Depending on the employee's role and leadership's assessment, some employees will come in to an ACG facility on a weekly basis, a monthly basis, or on an "as needed" basis for key meetings and collaborative activities. Most employees will be required to come into the office, at a minimum, for important departmental meetings or team building events.
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