Statistical Analyst
2 weeks ago
Penda Aiken, Inc is seeking a highly skilled Statistical Assistant to join our team. As a Statistical Assistant, you will play a crucial role in assisting in the construction of actuarial tables, reviewing the actuarial basis of plans, and calculating premiums.
Key Responsibilities:- Assist in constructing actuarial tables by analyzing and presenting data.
- Review the actuarial basis of plans and calculate premiums, evaluating premium rates, reserves, and liabilities.
- Assist in reviewing methods used to value categories of policies, special benefits, or special liability terms.
- Check the mathematical accuracy of calculations.
- Participate in field examinations of insurance companies, fraternal benefit societies, health maintenance organizations, commercial carriers, non-profits, and retirement systems.
- Prepare valuation memoranda and review health insurer rate submissions and statistical compilations.
- Review insurance company rate filings and reserve analysis for compliance with standards, maintaining in-house databases.
- Review claims records and death and disability cases to establish proper estimates of eventual incurred losses.
- Compute loss reserves for death and disability cases.
- Calculate the present values of workers' compensation cases and the amount payable to claimants.
- Calculate reserves for transfers, disability, and deferred allowances.
- Compute cost-of-living factors for supplemental pensions paid to annuitants.
- Check computations for valuation and service retirement allowance.
- Assist with special projects and research as needed.
- Bachelor's degree including 24 semester credit hours in mathematics, statistics, or actuarial science.
- Eligible to work in New York State.
- Ability to work individually and as part of a team.
- Track and manage reporting projects without daily oversight.
- Excellent verbal communication, writing, and interpersonal skills.
- Strong project management skills, including experience managing multiple time-sensitive, complex projects simultaneously.
- Detail-oriented with the ability to organize and prioritize tasks effectively in a fast-paced environment.
- Proficiency with Microsoft 365, including working experience with Excel, WebEx, and Zoom.
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