Insurance Actuary Analyst

3 weeks ago


Morristown, Tennessee, United States Majesco Full time
Job Overview

The Business Analyst (Rating & Underwriting) plays a crucial role in implementing actuarial formulas in our application. They collaborate with clients' actuaries and underwriters to analyze and implement algorithms used to calculate claim and premium rates.

This role requires a strong understanding of underwriting within the insurance industry, as well as excellent mathematical, logical, analytical, and problem-solving skills.

The ideal candidate will have a university degree in Computer Science, Mathematics, Actuarial Science, or a related field, and fluency in Microsoft Excel spreadsheets and formulas.

Responsibilities include:

  • Program, test, and optimize rating formulas and algorithms
  • Work directly with clients to understand and document insurance rating formulas in the form of spreadsheets, code, and written documentation
  • Collaborate with the Business Analysis and Development teams to design the optimal solution to meet the client's business needs
  • Develop a deep knowledge of underwriting within the insurance industry
  • Analyze problems and work closely with both internal and external stakeholders to develop solutions
  • Make recommendations to management regarding timelines and best practices
  • Work collaboratively with the entire team to continually improve processes

Majesco is an inclusive equal opportunity employer and complies with federal, state and local laws regarding equal employment opportunity.



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