Actuarial Analyst II

AAA The Auto Club Group is a leading provider of membership, travel, insurance, and financial services. They are seeking an Actuarial Analyst II to develop pricing and reserving for property/casualty insurance products, analyze data, and prepare necessary documentation and reports.

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
• Formulate and interpret mathematical ratemaking and/or reserving models using available tools
• Perform 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
• 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
• Execute the scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience
• Analyze and prepare competitive product and rate comparison reports
• Analyze competitor’s rate structures and coverage
• Develop and prepare competitor rate manual analysis

Skills

• Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field
• Successful completion of two or more actuarial examinations
• Maintain eligibility in the Actuarial Professional Development Program following department guidelines
• 18 months (1.5 yrs) of experience in an actuarial environment to include: Analyzing technical studies and data and drawing sound conclusions
• Calculating premium or reserves for new or existing products
• Performing research and statistical analysis to complete assignments
• PC software applications (e.g. Word, Excel, PowerPoint, etc.)
• Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusions
• Prepare presentation of material
• Manage workflow to achieve multiple goals
• Work individually and as part of a team
• Apply actuarial methods and principles to obtain indications, complete projects, analyze results and make recommendations
• Insurance industry terminology and concepts

Benefits

• 401k Match
• Medical
• Dental
• Vision
• PTO
• Paid Holidays
• Tuition Reimbursement

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