Note: The job is a remote job and is open to candidates in USA. Progressive Insurance is dedicated to helping employees move forward and live fully in their careers. The Senior or Lead Actuarial Analyst will support loss reserving analyses across Commercial, Personal, and Special Lines, recommend reserves, and provide insights to leadership. The role will also oversee junior analysts’ reserve reviews, analyze data, integrate acquired business, and improve reserving processes and analytics.
Responsibilities
- Support reserve analyses across a diverse portfolio covering Commercial, Personal, and Special Lines
- Complete loss reserving analyses, recommend reserves to the Loss Reserving manager and chief actuary, and share insights with leadership
- Manage reserve reviews by junior analysts
- Work on integrating acquired business, validating and analyzing data, and identifying opportunities to improve reserving processes and analytics
- Build strong partnerships with Claims and Product to assess how claim handling and underwriting changes influence reserve decisions
- Work independently, take ownership of analyses, and help advance the team’s reserving practices, methodologies, and analytics
Skills
- A minimum of 6 years of analytical work experience
- {OR} Bachelor's degree or higher and a minimum of five years of analytical work experience
- {OR} Bachelor's degree or higher in a quantitative field of study and a minimum of three years of analytical work experience
- A minimum of 5 passed actuarial examinations for credentialling according to the Casualty Actuarial Society's Syllabus of Basic Education
- Applicants must be authorized to work for any employer in the U.S. without the need or potential need, of current or future sponsorship for employment. Progressive does not hire candidates with (e.g., F-1 CPT, OPT, or STEM OPT, H-1B, O-1, E-3, TN) statuses for this role
- Advanced knowledge of Excel as well as macros and data extraction tools such as Python, R, SQL, or a related programming language
- Excellent written and verbal communication skills
- Strong analytical skills
Benefits
- Remote work allowed
- Gainshare annual cash incentive payment up to 30%-40% (depending on position level) of your eligible earnings based on company performance
- 401(k) with dollar-for-dollar company match up to 6%
- Medical, dental & vision, including free preventative care
- Wellness & mental health programs
- Health care flexible spending accounts, health savings accounts, & life insurance
- Paid time off, including volunteer time off
- Paid & unpaid sick leave where applicable, as well as short & long-term disability
- Parental & family leave; military leave & pay
- Diverse, inclusive & welcoming culture with Employee Resource Groups
- Career development & tuition assistance
- Onsite gym & healthcare at large locations
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