The Actuarial Analyst works under direction of the Chief Actuary and is responsible for the compilation, analysis and production of data and reports for the purpose of submitting filings of rating values and the maintenance of rating plans and their parameters for Workers Compensation rating bureaus in Pennsylvania and Delaware.
• Assist in the production and analysis of reports and supporting materials for rate and/or loss cost filings.
• Perform special studies of rating plans and programs (Experience rating plan, Schedule rating plan, Construction programs, and Safety programs). Update Rate Comparisons and perform other studies as required.
• Assist in the review of critiques of PCRB and DCRB filings performed by outside parties such as the Insurance Department, Small Business Advocate and other interested parties.
• Respond to questions and requests for information by PCRB personnel, Insurance Department and other government agents, carriers, agents, other Data Collection Organizations and other interested parties.
• Become knowledgeable with the reporting requirements and specifications for Financial Data and Unit Statistical Plan data. Assist in the production of specifications for reports from those sources and produce reports using the Financial Call data bases.
• Perform analysis of proposals for Workers Compensation law and benefit changes.
• Perform maintenance of manual data bases, provide manual and rating plan parameters to PCRB personnel, and update relevant PCRB website and general reference information.
• Timely and consistent attendance.
• Perform other miscellaneous duties as requested.
Education: Bachelor's Degree - Mathematics, Statistics, Actuarial Science or a related field.
Experience: Actuarial experience and successful completion of one or more actuarial exams preferred.
Skills: Strong organizational, oral and written communication skills with the ability to work independently. Candidate must have the ability and willingness to pass Casualty Actuarial Society Exams. PC proficient; experience in Excel, knowledge of Microsoft Word, Access and statistical tools preferred. Candidate must possess the ability to communicate effectively with all levels of PCRB personnel and external contacts.
The PCRB is a non-profit corporation formed in 1915 in accordance with the insurance laws of Pennsylvania and is not affiliated with state government. The PCRB’s enabling statute specified that classification of employers, underwriting rules, policy forms, loss cost values and rating plans for workers compensation shall be proposed by a rating bureau situated within the state. The PCRB is subject to supervision and examination by the Pennsylvania Insurance Commissioner, who must approve its ability to compile loss costs on an equitable and impartial basis. The PCRB membership is comprised of all insurance carriers, including the State Workers’ Insurance Fund ("SWIF"), authorized to sell workers compensation insurance in Pennsylvania.