Under general supervision, responsible for developing loss costs and other rating plan elements based on actuarial and financial analyses
Analyze data to determine relationships, trends, issues
Participate in development of business recommendations and analysis of strategies
Utilize actuarial techniques and applicable analytic tools to improve and innovate ways of analyzing data
Calculate loss costs and rating factors for new or existing products.
Perform research and other statistical analyses
Typically assigned to perform countrywide loss cost reviews for a line of business, analyzing assigned rating components, provide support and recommendations through collaboration with more senior actuaries and business partners.
Work collaboratively to share analyses, insights and observations within the actuarial department and other functions/areas
Communicate regarding current projects and overall analysis within actuarial team.
Skills, Knowledge and Abilities
Perform assigned work under immediate or general supervision.
Exercise limited judgment in accordance with policies and guidelines.
Deliver quality work product within agreed timeframe.
Proficient with standard software packages including MS Office.
Ability to learn additional tools that aid actuarial work (e.g., SAS, SQL, catastrophe modeling software, etc.).
Strong mathematical aptitude.
Ability to accurately perform complex actuarial analyses.
Bachelors degree with emphasis in mathematics, statistics or related field.
2-5 years of insurance experience and 3-5 actuarial exams
May provide direction to trainees/interns and/or technical assistance for projects
Computer use more than 50% of the work day.
Phone use 20-25% of the work day.
About Human Resources
AAIS is a national industry leading property casualty insurance services organization, providing a broad range of services to our members including: industry standard insurance products (rates, rules and forms), actuarial analysis, data analytics, regulatory compliance, technology solutions and custom consulting.
At AAIS, you will collaborate with insurance industry experts who are focused on growth and driven to succeed. We value an entrepreneurial spirit and thought leadership.
AAIS believes work is what you do, not where you are. To that end, we fully support telecommuting with networked communications.