Actuarial Rating Analyst
EMC Insurance Companies is focused on teamwork and making a positive impact. The Actuarial Rating Analyst will perform premium rating algorithms and data analysis, collaborate with developers, and support actuarial ratemaking work-products.
Responsibilities
- Performs assigned premium rating algorithm and data analysis, including building and maintaining requirements and related documentation. Partners with senior team members to support more complex assignments
- Collaborates with developers and quality assurance to ensure rating logic and functionality meet project objectives
- Engages in quality control checks and peer reviews; recommend process improvements
- Prepares and validates data for analysis; maintains data integrity and organizes rating elements
- Calculates and reports policy impact measurements to support decision-making
- Researches rating-related questions. Builds and tests sample policies and rating scenarios to validate logic
- Communicates findings and project updates clearly to stakeholders and team members
- Completes required training and certifications. Engages in self-directed and collaborative learning of line of business coverages and rating, including asking questions to learn context and understanding. Develops skills and knowledge of insurance operations
- Collaborates and supports actuarial ratemaking work-products including rate impact analysis and rate filings
Skills
- Bachelor's degree in math, statistics, or actuarial science
- One year of actuarial or business analysis experience
- Strong analytical, investigation and problem-solving abilities
- Working knowledge of mathematics, probability, statistics, and financial mathematics
- Proficient working knowledge of Microsoft office products (Excel, Word, PowerPoint, Power BI)
- Exposure to product management tools
- Knowledge of at least one programming language, such as SQL or Python preferred
Company Overview