Actuarial Associate

4 days ago


Hartford, Connecticut, United States State of Connecticut Full time
About the Role

We are seeking a highly skilled Actuarial Associate to join our team at the State of Connecticut. As an Actuarial Associate, you will play a vital role in analyzing insurance data, assessing risk, and making critical recommendations to ensure that insurance rates are fair and adequate.

Key Responsibilities
  • Analyze insurance data and perform actuarial calculations to determine risk and pricing for various insurance products
  • Conduct research and evaluate insurance industry trends to inform pricing strategies and rate filings
  • Assist in developing and maintaining actuarial models and tools to support business decisions
  • Create reports and presentations to effectively communicate actuarial findings and recommendations to relevant individuals or groups
  • Collaborate with cross-functional teams to support the implementation of actuarial initiatives and projects
  • Stay updated on regulatory changes and industry standards to ensure compliance and drive continuous improvement
Requirements
  • Seven (7) years of experience as an actuary with an insurance company, an insurance regulatory agency, or in a consulting actuary's office performing actuarial insurance work
  • College training in mathematics, actuarial sciences, statistics or a related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years
  • A Master's degree in mathematics, actuarial sciences, statistics or a related field may be substituted for one (1) additional year of the General Experience
  • Actuarial experiences in both actuarial pricing and/or reserving
  • Fellow of the Casualty Actuarial Society (FCAS), Associate of the CAS (ACAS), or near ACAS actuarial students
  • Experience with P&C rate making in Personal Lines and/or Commercial Lines
Preferred Qualifications
  • Actuarial experiences in both actuarial pricing and/or reserving
  • Fellow of the Casualty Actuarial Society (FCAS), Associate of the CAS (ACAS), or near ACAS actuarial students
  • Experience with P&C rate making in Personal Lines and/or Commercial Lines
Special Requirements
  • An Associate membership, by examination, in a relevant actuarial society
  • For Property and Casualty, membership in the Casualty Actuarial Society is required
  • For Life and Health area, membership in the Society of Actuaries is required


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