In this position, you will integrate a variety of actuarial issues and insurance principles in support of the pricing, reserving, financial reporting and underwriting functions for our Worker's Compensation (WC) and Property and Auto Liability (PAL) lines of coverage. You will be responsible for a wide range of projects in support of these lines of coverage, and you will need to execute sound judgment in the selection of key project assumptions.
Support the pricing strategy of WC and PAL lines of business, including performing captive pricing analyses, providing pricing model support, researching industry trends, preparing collateral analyses and effectively communicating results to our business partners.
Complete loss reserve analyses for various WC and PAL lines of coverage and effectively communicate assumptions, trends, selections and insights to management; research new actuarial methodologies to incorporate into analyses; produce monthly/quarterly/annual management information and statutory financial reports and provide analysis to management.
Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.
Four or more years of property and casualty, life or disability actuarial experience
Strong computer skills in Microsoft Access and Excel
Experience using Microsoft SQL and Visual Basic is a plus
Demonstrated success managing projects with minimal supervision will be needed
Ability to effectively communicate with contacts outside of the actuarial field is required
BS in Actuarial Science, Mathematics, or related field is required
Minimum of three completed actuarial exams and active participation in the CAS exam track is essential
Additional Salary Information: Full Comprehensive Benefits
Internal Number: 2520
About PMA Companies
PMA Companies provides risk management solutions and services, specializing in workers’ compensation and offering property & casualty insurance, in the United States.
Headquartered in Blue Bell, PA, PMA Companies is a member of Old Republic Companies. Old Republic International Corporation (NYSE: ORI) is one of the nation’s 50 largest publicly held insurance organizations.
PMA Companies includes: PMA Insurance Group, specializing in workers’ compensation, and providing other commercial property & casualty insurance products; and PMA Management Corp. and PMA Management Corp. of New England, providing results-driven TPA and Risk Services specializing in workers’ compensation and liability.
We maintain a large client retention rate of 90% or higher and a client satisfaction rate of 96% per an independent survey. At PMA, we still build relationships the "old-fashioned way."? Our clients know we care. They know we say what we do and do what we say. And they know that they can count on us to deliver tangible value to their business and to work passionately on their behalf.