Actuarial Analyst

2 months ago

Itasca, United States Edgewater Actuarial Insights LLC Full time
The Actuarial Analyst will assist in setting rates for various insurance products. This may include extracting and analyzing premium and loss data, using applications and statistical programs, evaluating results for reasonability, and communicating observations to help achieve goals. Assist in developing and enhancing products, designing reports to improve decision-making, forecasting and assessing industry trends and presenting findings and recommendations to senior management.

EDUCATION AND EXPERIENCE: Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or business-related discipline

SKILLS/COMPETENCIES REQUIREMENTS:

  • Works well independently and in a team environment
  • Detail oriented and high level of accuracy
  • Strong interpersonal and communication skills
  • Advanced skills in Microsoft Excel
  • Organization, planning and prioritization skills
  • Strong analytical, problem solving and judgment skills
  • Effective time management skills, including the capability to balance multiple projects with competing deadlines
  • Takes initiative on projects and assignments
  • Strong mathematical skills, and a deep understanding of risk management
  • Ability to translate actuarial research into written recommendations
  • Intermediate programming skills (SQL, Python, R)


ESSENTIAL DUTIES AND REPONSIBILITIES:

  • Support the rate review process by preparing rate indications, analyzing specific components of rating, developing pricing proposals and calculating impacts
  • Provide data to support underwriting decision-making
  • Assist with analysis on project initiatives
  • Evaluate success and drive continuous improvement in product enhancements
  • Solve complex business problems by leveraging the analytical and actuarial techniques
  • Provide support in the preparation and presentation of materials for clients
  • Perform statistical data analysis in support of new product development
  • Analyze market, industry, competitor, legal, and regulatory trends and use these to provide actionable insights that drive the business of both the company and its customers
  • Gather and compile statistical data via Excel, Access, or data management programs, to develop reports facilitating and supporting pricing, reinsurance reporting, and valuation function

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