Actuary II- Pricing

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Find out if this opportunity is a good fit by reading all of the information that follows below.

For Employees: We cultivate an inspiring and dynamic workplace where collaboration and innovation fuel the success of our high-performing teams.
For Customers: In addition to being Massachusetts’ #1 home and auto insurer, we provide unmatched peace of mind to our customers across the U.S.
For the Community: Our culture of care extends to impactful community engagement and environmental initiatives locally and globally.

This is who we are at MAPFRE, and we invite you to be part of a movement that cares deeply and acts boldly. Together, we make a difference.

Job Summary

Position is located in Webster, MA or within a reasonable commute to accommodate a Hybrid schedule preferred. Consideration for remote.

The Actuary II develops actuarial analyses, with a focus on pricing, in accordance with Casualty Actuarial Society principles. These analyses will directly contribute to the overall performance of the actuarial area with a focus on the analyst’s assigned state(s) as well as the potential to positively impact other departments across the organization and overall the results of the company. As the analyses typically rely upon complex processes, with the potential to change in connection with the organization’s needs, the Actuary II will be accountable for ensuring that the processes are kept up-to-date and free of errors. The Actuary II therefore acts as a subject matter expert for the actuarial analyses carried out, detailing the inputs and conclusions to others in the organization.

Knowledge, Skills and Abilities

Education: Bachelor's Degree or higher.
Experience: 4 - 6 years
Knowledge: General knowledge of industry practices, standards, and concepts within field of work. Applies them to perform work requiring analytical business skills.
Decision Making: Makes decisions recommendations related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion. Decisions influence portions of a project, client relationships and/or expenditures.

Additional Knowledge, Skills and Abilities

Required

Thorough knowledge of Microsoft Office
Experience carrying out complicated quantitative analyses for insurance companies or similar organizations; preferably related to products similar to MAPFRE’s
General knowledge of applicable industry practices, standards, and concepts
Knowledge of either SAS, SQL or other programming language
General knowledge of insurance operations and of insurance regulation
Ability to use these skills to modify existing processes or innovate new processes

Preferred

Experience with California rate fillings
Credit for at least 4 exams on the current CAS syllabus
General knowledge of reinsurance and its implications on the area of focus

Soft Skills

Works independently under general supervision
Makes decisions related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion
Proactive in recognizing existing or emerging problems with analysis processes and remediating the problems
May provide training and guidance to less experienced staff
Manages internal and external relationships
Represents actuarial area as prime contact for completed analyses Ability to communicate with senior management and external personnel
Ability to communicate with senior management and external personal

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Thank you for considering MAPFRE Insurance as part of your career journey.

We're proud to be rated "A" (Excellent) by A.M. Best Company. We offer property and casualty insurance, working with over 3,000 independent agents and brokers in 11 states.

If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com.

We are proud to be an equal opportunity employer.

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