P&C Actuarial Analyst-REMOTE
P&C Actuarial Analyst-REMOTE
Preferred Mutual Insurance Company
United States
See who Preferred Mutual Insurance Company has hired for this role
Pay found in job post
Retrieved from the description.
Base pay range
$76,000.00/yr - $110,000.00/yr
Please note, employment offered to residents in the following states only: Connecticut, Delaware, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont.
Preferred Benefits
At Preferred, we understand the importance of holistic health. To meet the diverse needs of our employees, we offer a comprehensive set of benefits:
Financial
Under direct supervision, perform routine actuarial analysis to provide insight to corporate and insurance operations regarding reserve adequacy, pricing and profitability. The Actuarial Analyst will:
DISCLAIMER: This role (job) description indicates in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the rights to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job. Nothing in this position description changes the at-will employment relationship existing between Preferred Mutual Insurance Company and its employees.
The salary range for the role is $76,000 to $110,000 per year paid on a salaried basis. The rate offered to any candidate will be reflective of the candidate’s experience and any relevant education, certification, or qualifications related to their ability to perform the responsibilities of this position as permitted by law.
Preferred Benefits
At Preferred, we understand the importance of holistic health. To meet the diverse needs of our employees, we offer a comprehensive set of benefits:
Financial
- Short-term disability, long-term disability, and life insurance coverage are provided at no cost
- Optional benefits include enhanced life insurance and critical illness plans
- 401k plan with an employer contribution that you will receive regardless of your own contribution to the plan
- Pension Plan
- Certain positions may also be eligible for short-term incentive plans.
- Generous paid time off, offering of 25 days at hire (prorated based on start date for the first year)
- 7 days of paid sick leave
- 10 paid company holidays
- Personalized paid time off after 3 years!
- Access to Modern Health, a provider of accessible, personalized mental health care
- Medical, dental, and vision coverage options begin on the first day of employment
- Flex Spending Accounts and Health Savings Accounts (with employer contribution) are available based on the medical plan you choose
Under direct supervision, perform routine actuarial analysis to provide insight to corporate and insurance operations regarding reserve adequacy, pricing and profitability. The Actuarial Analyst will:
- Expand actuarial skills and apply them to assist with actuarial rate reviews and reserve analysis
- Provide supporting materials to secure regulatory approval of company rates
- Collect and analyze historical data from company’s data warehouse system to draw valid conclusions and make recommendations
- Assist with research to identify and incorporate emerging trends, competitive conditions and operational changes into analyses
- Assist with creating and refinement of pricing and forecasting templates
- Clearly communicate results of analyses to internal business partners with varying degrees of technical expertise
- Develop ad-hoc reports to address business or product related questions
- Perform industry related research as requested
- Support Implementation of new products
- Develops experience reports which accurately project expected profitability
- Successfully supports filing initiatives with actuarial analyses
- Demonstrates solid understanding of core products and territories
- Positive relationships with coworkers
- Baccalaureate degree in Actuarial Science, Mathematics or related area with a minimum GPA of 3.0 out of 4.0
- Successful completion of 2 to 4 CAS examinations
- A minimum of 2- to 5 years actuarial experience
- Strong mathematical aptitude and basic actuarial abilities with a high degree of accuracy
- Possess a high degree of analytical, problem solving and decision making skills
- Strong computer application skills, specifically in Excel and relational databases
- Good verbal and written communication skills
- General knowledge of property and casualty products, commercial lines a plus
- Ability to work independently on assigned tasks and meet deadlines consistently
- Demonstrated initiative and commitment to process improvements
DISCLAIMER: This role (job) description indicates in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the rights to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job. Nothing in this position description changes the at-will employment relationship existing between Preferred Mutual Insurance Company and its employees.
The salary range for the role is $76,000 to $110,000 per year paid on a salaried basis. The rate offered to any candidate will be reflective of the candidate’s experience and any relevant education, certification, or qualifications related to their ability to perform the responsibilities of this position as permitted by law.
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Seniority level
Mid-Senior level -
Employment type
Full-time -
Job function
Strategy/Planning and Information Technology -
Industries
Insurance
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