Careers

Prepares more complex management information and financial reports and/or external filings.

Designs and revises reports and/or external filings as required and prepares related automation requests as necessary.

Responds to questions regarding internal reports and/or external filings.

Responds to non-routine requests for data, which require actuarial analysis, from internal and external sources.

Conduct actuarial analysis for rate-making purposes on existing products, using the concepts of trend, development, credibility and present value, as appropriate.

Conduct actuarial analysis for the determination of adequate loss and LAE reserve levels, including reserve determinations on exceptional individual claims to assess the quality of relevant balance sheet items

Serve as technical expert in applying actuarial techniques to the reserving process and implement necessary enhancements when required such as tail factor selections and the novel use of standard techniques or the creation of new techniques to gain new insights about the loss development of the current book of business

Conduct actuarial analysis for loss ratio planning purposes using prior loss reserving and pricing analyses as a guide and source of input

Conduct actuarial analysis for the determination of reserves for dividends, retro returns or contingent commissions.

Evaluates changes in residual market mechanisms.

Prepares analytical memos which require actuarial analysis to provide an interpretation of management information reports.

Prepares actuarial statements for rate filings and responds to questions from states regarding rate filings.

Makes effective use of automation tools to improve the timeliness, accuracy and content of reports, or to support actuarial research.

Assists in reporting financial modeling, incorporating concepts of investment income, present value, effects of taxes and statutory vs. GAAP accounting, as appropriate.

Reviews new and modified bureau statistical plans revising internal management information reports and/or external filings, as appropriate.

Assures that written job procedures are maintained on all reports where responsibility exists and recommends improvements in procedures to save time, improve accuracy or improve the usefulness of the information.

Monitors results of assigned areas of responsibility, noting unexpected results.

Examines data to support effective understanding and marketing decisions.

Projects the impact of suggested corporate strategies, as requested.

Assists in analyzing trends, demonstrating an understanding of internal and external factors affecting such trends.

Keeps abreast of technical and procedural changes involving areas where responsibility exists, and evaluates the effect of these changes.

Identifies innovations and developments, communicates them to supervisor and proposes objectives to bring them to fruition.

Improves actuarial expertise on an on-going basis by studying for and passing Casualty Actuarial Society examinations.

Provides work direction to statistical clerks and/or analysts as necessary; provides management with information regarding the performance of clerks and assistants so that effective performance appraisals can be conducted.

Maintains a good level of intra-department and intra-company relations to contribute to a coordinated workflow system which produces quality service.

Keeps supervisor informed verbally and in writing of activities and problems within assigned area of responsibility; refers matters beyond limits of authority and expertise to supervisor for direction.

Takes corrective action regarding problems and situations within limits of responsibility.

Performs other related duties as required or requested.