We are seeking a strong contributor who is dedicated to pursuing their actuarial exams and who is looking for an engaging work environment that values collaboration and strives for excellence. The Actuarial Associate position will be part of the Pricing team and will work closely with other actuaries to review the pricing of our homeowner’s products. The analyst will be the main pricing resource for select states. Their primary responsibility will be to provide sound actuarial pricing recommendations to the Product Manager who is responsible for the performance of these states.
This position also offers an excellent opportunity to interact with a variety of departments in the organization (Government Affairs, Compliance, IT Leadership, Partner Management, Operations, Claims, etc.) and the broader American Family community.
Primary Roles and Responsibilities:
State Management: The Actuarial Associate is responsible for conducting reviews of rates, rules, underwriting, and product offerings and making recommendations based on those reviews. These reviews consist of:
Using and suggesting actuarial methods to develop rate filings at a state level to ensure Homesite is priced appropriately across all products and segments;
Understanding profitability on a state basis, and what actions can be taken to improve performance;
Analyzing at a state level, whether the company is selling the right product, to the right customer, at the right price;
Contribute to the development of new products: The Actuarial Associate may participate in the analysis and implementation of new products;
Functional Expertise: Gain knowledge in insurance content matters that cut across Homeowners products;
Relevant Experience:A minimum of 3 years of professional experience, ideally including work in Property & Casualty insurance;
Exams: Passing grades on a minimum of 5 Casualty Actuarial exams and desire to achieve Fellowship in the Casualty Actuarial Society (FCAS)
Educational Credentials: A bachelor’s degree and quantitative analytical knowledge is required; a graduate degree is preferred, but not required;
Entrepreneurial Mindset: A self-starter who can identify business opportunities, develop a product plan to capitalize on those opportunities, and successfully implement the plan;
Structured & Logical Thinking: The ability to identify and define business problems and issues, and develop strategic, analytical, and financial frameworks to conduct analyses;
Analytical Rigor: Analyze state performance, identify additional areas of research, and recommend improvements;
Powerful Communication: The ability to communicate effectively and succinctly across a variety of media;
Team Player: The candidate will need to work well as part of a team;
Software Experience: Knowledge of SQL, SAS, R, Python, Tableau, Microstrategy, and/or other programming/data query/reporting knowledge, in addition, intermediate to advanced skills in Microsoft Excel is required
The candidate selected for this position will be a creative, out-of-the-box thinker who is intellectually curious with a demonstrated interest in learning. This person will also need to be a self-motivated, high-energy individual who can easily function in a fast-paced, performance-driven environment. He/she must be accustomed to working on multiple tasks in parallel and committed to meeting deadlines, including some with short time frames. This professional must demonstrate strong leadership skills, including the ability to gain credibility with and influence both team members and management.
Internal Number: R15205
About Homesite Insurance
Homesite is a fast-paced, fast-growing insurance company with presence in Boston and Seattle. At Homesite:
• Everyone makes a difference: All levels of our organization make a significant and direct impact and clearly see how their work ties to Homesite goals.
• We have awesome talent: We are a fun, smart, collaborative team that likes to learn new technology and be innovative in our approach to solving problems.
• We are invested in your growth: Analysts at all levels have opportunities to work on special projects and interact with senior leaders.
• We are invested in your success: You get paid study time, materials for actuarial exams, and access to a group of over 35 actuaries and students.
• We have fun at work: We believe that work should be fun. From summer socials, to team lunches, to department-wide trivia contests, we strive to incorporate fun in our day-to-day. And we have free pizza on Fridays!