Our Corporate Finance team is growing! Coverys is currently looking for an Actuarial Analyst to work alongside our Vice President & Reserving Actuary in our Boston office.
This newly created role will have an extensive impact on growth and profitability by using spreadsheets and software to compile and categorize data, identify trends and make actuarial assumptions.
Essential Duties & Responsibilities
The Actuarial Analyst will deliver translations of actuarial findings into effective communications and recommendations to a limited internal audience.
Apply complex and advanced actuarial techniques and expertise to multiple, cross functional projects for existing and new products.
Utilize specialized line of business, product or functional expertise, and broad experience to recommend actuarial methodologies.
Contribute to the improvement of company data systems and departmental processes to allow for conversion, enhancements, automation, and formal documentation of improvements.
Obtain subjective and objective data from Finance, Underwriting, Marketing, Sales, and IT as well as possible interaction with employees outside of the US.
Functional responsibilities may include:
Analyzing loss and loss expense reserves
Analyzing unearned premium reserves and earnings
Supporting the production of financial statements, forecasts, and budget loss ratio assumptions
Developing rate indications and evaluating pricing levels
Education, Requirements & Competencies
Documentation of passing grades and/or pursuit of Casualty Actuarial Society credentials, a plus.
A minimum of 4 years of experience as property/casualty actuary analyst at an insurance company or actuarial consulting firm.
Broad understanding of the Medical Professional Liability insurance business and the challenges in estimating loss reserves.
Data extraction and manipulation skills using industry standard software (SAS, SQL, R etc.).
Microsoft Office proficiency required to analyze and present actuarial information (Word, Excel, Access, PowerPoint, etc.).
Strong organizational and communication skills.
Strong problem solving skills.
Ability to interact with a wide variety of clients, both internal and external. Ability to effectively present information and respond to questions from other management, vendors, and business institutions
All candidates must be eligible to work in the US without sponsorship or restriction.
Coverys is an equal-opportunity employer. Coverys’ job openings are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status, or veteran status.
Additional Salary Information: In addition to base salary, this role has full benefit package (effective day one) and bonus potential
Internal Number: 20019003
Coverys is a nationally recognized medical professional liability insurer and a leader in helping the medical community address the challenges of healthcare delivery in today’s rapidly changing landscape.
In a world of distractions, Coverys is committed to helping healthcare providers and administrators focus on what matters most—providing superior patient care and improving the health of their communities.
That’s why we deliver state-of-the-art solutions to help our clients and insureds succeed, including:
* A range of flexible coverage options—from traditional first dollar coverage to reinsurance and alternative risk solutions, such as: captives, risk retention groups, loss portfolio transfer, slip coverage, and more
* Best-in-class resources and education to help mitigate risk and improve patient care
* Advanced analytics that uncover the root causes of risk and are used to develop actionable insights to reduce risk
* Superior claims defense and support
* Unique support programs to assist healthcare providers who are experiencing a claim, adverse event, or burnout
* Experience and Strength
A long track record of success and financial strength ensures Coverys wi...ll be here when you need us most.
* 40+ years of experience protecting and defending the healthcare community
* Coverys’ underwriting companies are rated “A” (Excellent) by A.M. Best