The Actuarial Analyst uses data to measure risk for the company. This position coordinates, prepares and performs actuarial analyses used in assessing risks and determining rates and future results. The Actuarial Analyst will work with little supervision and must be able to perform moderately complex assignments and problem resolution. This position requires an understanding of rate making and compliance and is comfortable making recommendations related to reserving. Working alongside the Actuarial Specialist, the Actuarial Analyst is also responsible for actuarial compliance calls.
Essential Duties include but are not limited to:
Develop and analyze rate indications and loss development factors
Responsible for quarterly and annuals financial reporting including but not limited to Schedule P, Statutory Page 14 and Supplement A to Schedule T, includes responsibility for standard reserves and standard reinsurance agreements
Reviews (both technical and peer) work products from co-workers
Performs special projects as directed by management and other related duties as required
Performs class plan and territory analysis
Assists with data collection and analysis
Represents Actuarial, working cooperatively with other departments on projects and in meetings
Bachelor’s degree in mathematics or financial related field
A minimum of 6 years’ actuarial experience
Completion of 4 or more actuarial exams preferred
Substantive knowledge of the insurance industry
Superior written and verbal communication and problem-solving skills.
Must be proficient with Microsoft Office Suite including Access
Experience using a mapping software such as MapInfo is preferred
ProAssurance specializes in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are an industry-leading specialty insurer operating in all 50 states. Kick-start your career and join a team of over 1,000 talented employees. With 30+ office locations, we have job opportunities around the country. ProAssurance is not only committed to your professional growth and development, we are committed to your health and well-being, helping you balance work-life needs, and providing opportunities for your future.