Associate Actuarial Analyst

About Canal Insurance

Canal Insurance Company was founded in 1939 and is located in Greenville, South Carolina. Canal specializes in insurance for commercial trucking and specialty transportation operations.  While Canal does not write insurance in all states, the claims department handles claims in all 48 contiguous states and Canada. Canal's customers are mainly federally regulated Motor Carriers and as such the core group of customers carry $1,000,000 in liability limits.

At Canal, we recognize that our success would not be possible without the hard work and dedication of our employees. We know that happiness and productivity go hand in hand, and to that end, we consciously cultivate a culture that enables us to recruit and retain the very best talent in the business.

A Culture With YOU in Mind

• Located in beautiful downtown Greenville, SC
• Career growth & advancement opportunities
• Comprehensive benefits package
• Employee referral program
• Casual dress code
• Innovation-focused & customer-centric
• 80+ years of industry expertise
• Committed to giving back to our community
• Unquestioned integrity and commitment

Benefits at Canal

• Basic & Voluntary Life Insurance Plans
• Medical, Dental, & Vision
• Short Term & Long Term Disability
• 401(k) plan with company match up to 6%
• Flexible Spending Accounts
• Employee Assistance Programs
• Generous PTO Plan

Associate Actuarial Analyst:

The Associate Actuarial Analyst position is responsible for assisting with the review and analysis of the company's loss and expense reserve development for financial reporting as well as rating analysis in support of underwriting rate filings and experience reporting.

Major Accountabilities:

1. Act as key resource for ratemaking, loss reserve studies, financial reporting, forecasting and other special projects as needed for company support and state DOI rate filings.
2. Assist with compiling and ensuring the accuracy of data, organizing information for effectiveness, and collaborating with others in various disciplines as needed.
3. Prepare and maintain complex models, analyzing results, and effectively communicate recommendations while implementing changes to our products and processes
4. Work cross-functionally with other departments to compile accurate data and information in an organized and effective manner
5. Develops understanding of insurance business, products and regulatory environments
6. Demonstrate continued progression in educational achievement, specifically working towards actuarial designations such as ACAS and FCAS.
7. Perform other duties as assigned by Management.

Qualifications

Education/Training Requirements: Bachelor's degree with a concentration in Mathematics, Actuarial Science, Economics, Statistics or related field required. Must be currently pursuing the designation of ACAS (Associate) in the Casualty Actuarial Society. Actuarial internship preferred but not required. Requires the completion of two or more actuarial exams. R, SQL, Python, PowerBI experience are a plus.

Experience/Specialized Skills: Basic knowledge of actuarial methods and analysis required. At least one year of experience working with data and advanced querying skills required. Insurance industry experience preferred, but not required. Able to function independently with strong time management skills. Advanced computer skills (word processing, spreadsheets, databases, Internet, e-mail) required.

Special Considerations

Physical Requirements: Constant use of vision, hearing, and communication (oral and written in person and via telephone). Frequent concentration, standing, walking, handling, reaching, and grasping. Occasional bending, kneeling and lifting (up to 25 lbs.). Heavy use of computer and office equipment.

Additional Requirements: Occasional travel may be required. Periodic work outside of standard business hours or on weekends may be required.