The Actuarial Technician will provide technical and analytical actuarial support for rate filing, pricing, and reserving initiatives in various lines of business in a team-oriented P&C insurance company. We are looking for a career actuarial analyst.
ESSENTIAL FUNCTIONS: 1. Prepare pricing analyses, actuarial support for rate filings, evaluate loss cost changes, and give pricing recommendations. 2. Prepare rate filings in support of pricing initiative. Respond to objections. 3. Responsible for servicing a number of programs and products, including periodically analyzing program and/or product results, participating on matrix teams, and reporting results to senior management. 4. Research NCCI and ISO loss cost changes an assist in the evaluation of rate impacts by state and program. 5. Interact regularly with reserving actuaries to ensure observations from reserving analyses are considered when developing pricing indications. 6. Obtain competitor rates and rules from state insurance departments, the Internet, agent-partners, and/or program managers. 7. Actively participate in periodic pricing team meetings, including presenting analyses, new/alternative actuarial techniques, and/or industry trends as relates to lines of business written. 8. Assist in the completion of reports required of the department as the need arises. 9. Develop, troubleshoot and maintain actuarial computer applications needed by the department. 10. Develop, update and distribute monthly and quarterly reports as needed by the company. 11. Implement, maintain and document actuarial databases in Microsoft Access and SQL Server. 12. Assist with preparation of pricing analyses for the AmeriTrust statutory companies, captive and rent-a-captive facilities, and fee-for-service arrangements. 13. Maintain knowledge of current reinsurance treaties and incorporate changes into the actuarial database. 14. Participate in the quarterly and annual loss reserve evaluation of the AmeriTrust statutory companies. Update quarterly reserve analysis for assigned reserve categories. 15. Assist with updating and maintaining the actuarial reserving database on a quarterly basis that balances to financial accounting information. 16. Prepare captive financial reports and quarterly reserving financial disclosure drafts as needed. 17. Ability to interact with others in a professional manner 18. Attendance
KNOWLEDGE, SKILLS AND ABILITIES REQUIRED TO PERFORM ESSENTIAL FUNCTIONS: 1. Bachelor’s Degree with a strong concentration in Accounting, Statistics, Mathematics, Actuarial Science, or similar technical program. 2. Minimum of 3 years actuarial experience 3. Completion of 1 to 4 Casualty Actuarial Society examinations. 4. Excellent communication skills, both written and oral, with particular emphasis on communicating technical matters to a non-technical audience. 5. Strong database management and organization skills and an ability to manage multiple projects with varying timelines. 6. Ability to draw conclusions and make recommendations from limited data. 7. Effective time management skills with the ability to multi-task. 8. Strong worksheet and database skills. Experience with visual basic, SQL and Access a plus. 9. Demonstrate strong problem-solving, analytical ability and attention to detail. 10. Sit, stand, walk/ambulatory 11. Ability to lift 10 pounds
About Meadowbrook Insurance Group
MEADOWBROOK INSURANCE GROUP, Inc. employs more than 900 associates in over 20 offices throughout the United States. Meadowbrook operates insurance agencies, a risk management company that provides services to self-insured groups, funds and pools, and operates 6 domestic insurance companies.
Meadowbrook is an equal opportunity employer committed to providing challenging opportunities for our associates and a superior working environment. As Meadowbrook continues to grow, we are constantly on the lookout for bright, talented team players with a dedication and passion for their work.
We offer our associates competitive wages, an excellent benefits package, a friendly, team oriented environment and encourage and reward the professional growth of our associates.