[Remote] Actuarial Analyst II | Workers' Compensation

Note: The job is a remote job and is open to candidates in USA. EMPLOYERS is a dynamic, fast-growing provider of workers' compensation insurance and services. The Actuarial Analyst II position involves compiling and analyzing company and industry data to support actuarial functions, including pricing and financial reporting, while collaborating with other departments to enhance company operations.

Responsibilities

• Complete assigned actuarial analysis, under minimal guidance, using advanced actuarial techniques, deviating from established procedures and incorporating new techniques when necessary. This includes utilizing actuarial systems and programming skills to access and organize the data, performing the applicable actuarial calculations, analyzing moderate to complex information, evaluating results and the accuracy of inputs, and updating exhibits and slides
• Complete actuarial analysis and other assigned tasks on time and in keeping with corporate and professional standards, including all documentation, and proactively communicate project progress and status to relevant parties
• Suggest and implement improvements to existing processes/procedures
• Act as a technical and peer reviewer for others’ work, asking probing questions when needed. Work with other technical and peer reviewers to incorporate all changes and commentary
• Present analysis and/or provide technical and non-technical information and explanation to peers, senior staff, and other departments as needed, as well as answer related questions
• Manage small to medium-sized department projects including setting up meetings, keeping notes, and ensuring deadlines are met
• Request and provide respectful and candid feedback on technical and non-technical items
• Demonstrate knowledge of the link between one’s own job responsibilities and the overall organizational objectives, with knowledge of most company business units
• Build constructive and effective relationships across the company, and provide training and guidance to junior actuarial team members and other staff
• Prepares or assists in preparing actuarial Analysis and support, including: Rate indications, Profitability Reviews, Development of new insurance products, Preparation and defense of rate and rule filings, Development and maintenance of pricing tools and dashboards, Transactional pricing/loss rating for large accounts, Predictive modeling work in the development of new versions of the pricing model, Analysis to determine the Budget Loss Ratio, and other Financial Plan components, Cost Benefit Analyses for new business opportunities, Demonstrates knowledge of most of the areas listed above including expertise in at least three of these areas
• Prepares or assists in preparing actuarial analysis and support, including: quarterly loss reserve analysis, on a gross and net-of-reinsurance basis, company balance sheet liabilities, quarterly/annual financial statements, including exhibits and reports, quarterly/annual actuarial reports, including the Statement of Actuarial Opinion, for each company and segment, audit request materials, data calls for NCCI, WCIRB, and other bureaus, requests from actuarial pricing (in the preparation of rate indications, profitability reports, and other applications) and other units, Demonstrates knowledge of the projects listed above, in addition to: internal and external (bureau) data sources, actuarial methods, Demonstrates expertise in at least two of these projects/areas, Other duties as assigned

Skills

• 2-5 years' experience of actuarial related work
• Must have a solid working knowledge of Excel, Word, and PowerPoint
• A current knowledge of or a capacity for learning to use other software products such as SQL, VBA, R Python, and/or commercial pricing and reserving tools is expected
• Must be detail oriented and capable of working with minimal supervision
• Must be independent and creative in analyzing business results, developing appropriate solutions or alternatives to problems and effectively communicating related issues and results to management
• Must work well in a team-oriented, collaborative environment
• Must possess effective written and verbal communication skills
• Must have a bachelor's degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business
• Successful completion of five or more exams towards attaining ACAS/FCAS or equivalent certification is strongly preferred
• Master's degree or higher is a plus

Benefits

• A comprehensive benefits package

Company Overview