The Corporate Actuarial Analyst 1 will perform quarterly and annual reserve analyses under supervision of an actuarial supervisor and/or Corporate Actuarial AVP. This analyst will also support the IBNR implementation process as well as provide data and information to Accounting, Underwriting, Claims, Product Actuarial, and external actuarial, auditing, and reinsurance partners.
Estimate unpaid loss and loss expense liabilities for multiple property and casualty lines of business, including workers compensation, personal and commercial auto, general liability, homeowners, commercial multi-peril, etc.
Maintain and improve various actuarial processes and reports
Validate and reconcile reserving analysis data to corporate financial data, including Schedule P.
Ad hoc analyses or reporting to support corporate business partners and provide actuarial background on financial results.
Provide data to, and answer questions from, internal and external business partners including accounting, auditing, reinsurance, actuarial, underwriting, and claims management
Other duties as assigned
KNOWLEDGE, SKILLS AND ABILITIES:
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related studies required
Should have a minimum of one year of actuarial experience and at least 2 actuarial exams passed with commitment to ongoing pursuit of actuarial credentials from the Casualty Actuarial Society
Excellent written and oral communication skills needed
Spreadsheet and database proficiency desired
Proficiency in SAS or SQL preferred
Ready to join our team? At Encova Insurance, we firmly believe that our associates drive our company’s success by delivering unrivaled service to our customers. With success in mind, we make an ongoing effort to provide an environment that offers challenging, stimulating and financially rewarding opportunities.
Join us to discover a work experience where your diverse ideas will be met with enthusiasm – where you can learn and grow to your fullest potential.
What you can expect from us Join our family of industry leaders, and let us reward you with a competitive salary, bonus and benefits package that includes but is not limited to: a 401(k), wellness programs, bonus incentive plans and flexible schedules, with an early close of the office every Friday. Additionally, Encova aspires to be an outstanding corporate citizen in all the markets we serve; we encourage and support associate participation in community initiatives through our foundations.
Encova Insurance is an EOE/E-Verify employer.
This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it. This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position. Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons.
Refer to job description
Internal Number: R000396
About Encova Insurance
WHO WE ARE
Together, Motorists Insurance Group and BrickStreet Insurance are building a stronger future. With combined insights from decades of industry experience and expanded product offerings, we have come together to push innovation forward for our agents and policyholders.
We are now Encova Insurance.
As a comprehensive one-stop shop, Encova is a provider of peace of mind – for our agents, our policyholders and the communities we serve.
That peace of mind comes from the personal relationships we’ve built on trust and accountability. Whether we’re customizing a policy, filing a claim or serving our communities, your local Encova neighbor will be with you at every step in life’s journey.
Through innovation and collaboration, we are dedicated to promoting a high quality of life that extends beyond the world of insurance and our geographic footprint. We can better our shared future – of our agents, policyholders and community members – as long as we move forward together.
We are a provider of peace of mind, an innovator, a community leader and a trusted partner. We are Encova.