Product Actuary

1 month ago


Atlanta, Georgia, United States MagMutual LLC Full time
OVERALL RESPONSIBILITIES:

The Product Actuary performs advanced analytics to facilitate decision-making regarding rates and rules for our portfolio of products. This role continuously monitors pricing trends and evaluates rate adequacy.
SPECIFIC DUTIES:
  • Develop state rate filings for all admitted products. Work with filings analyst to submit filings and secure insurance department approvals.
  • Develop projections of likely operating results based on emerging trends, competitive conditions, and operational changes.
  • Monitor, analyze, and report on reasons for variances in underwriting results.
  • Continuously improve accuracy and efficiency of pricing and forecasting templates.
  • Support business partners by providing interpretation of actuarial analyses, financial metrics, and rating programs.
  • Provide supporting materials to secure regulatory approval of company rate and form filings.
  • Support Underwriting process through analysis of claims, risk management, and predictive modeling results.
  • Collect and analyzes historical data from various systems and management reports to draw valid conclusions and make recommendations.
  • Perform a wide range of mathematical calculations.
QUALIFICATIONS, EXPERIENCE REQUIRED:
  • Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS).
  • Member of the American Academy of Actuaries.
  • Minimum of five years of insurance industry experience.
  • Demonstrated high level of problem solving aptitude.
  • Strong written and verbal communication skills.
  • Strong math aptitude.
  • Experience with Medical Malpractice is a plus.
  • Ability to work independently.
  • Experience working with state departments of insurance to facilitate approval of rate and rule filings.
  • Ability to manipulate large datasets with ease.
  • Technical skills: SQL, Excel, VBA, R
Location:

Atlanta Office
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