The Assistant Actuary will perform the primary functions involving workers’ compensation program research and development, data mining, and other pertinent processes that are the responsibilities of the Actuarial Division. The Assistant Actuary will also help foster the direction of the Actuarial Division’s analytical needs.
Research and development of experience rating, premium discount, deductible, schedule rating, and/or other pricing considerations.
Provide technical advice on the effect of pending legislation pertaining to workers’ compensation rates.
Perform research projects on an ongoing basis.
Perform peer review of actuarial research and reports, as needed.
Assist with classification ratemaking specifically related to the development of industry group relativities, pure premiums, and credibility.
Prepare memoranda and present items at Actuarial and Governing Committee meetings.
Use SAS, Excel, and other programming tools to complement the relevant actuarial tasks.
Maintain detailed records of all calculations in accordance with established standards.
Answer inquiries both verbally and in writing concerning actuarial matters.
Perform other duties as directed by the Director and/or Chief Actuary.
Promote quality and timeliness of work.
The responsibilities associated with this job may change in accordance with business needs. The employee may be required to perform additional and/or different responsibilities from those set forth above.
At least seven years of relevant actuarial work experience in Property & Casualty insurance.
Actuarial experience in Workers’ Compensation strongly preferred.
Minimum of five Casualty Actuarial Society exams and desire to achieve Fellowship.
Advanced level of proficiency with Microsoft Office and SAS or other programming languages.
Ability to communicate effectively verbally and in writing.
Ability to work effectively with management team.
Ability to interpret statistical facts and procedures.
Thorough understanding of actuarial concepts.
Thorough understanding of department interactions.
Thorough understanding of the operations and objectives of the Bureau.
Consistent performance and dependability
Additional Salary Information: Salary dependent upon exams and experience.
The responsibilities of CRIB include the following:
Administration of all Workers Compensation Rates and Rating Programs
Administration of the Classification System
Review and maintenance of individual employer insurance coverage records
Administration of the Residual Market