Actuarial Specialist

Overview

At CCMSI, we look for the best and brightest talent to join our team of professionals. As a leading Third Party Administrator in self-insurance services, we are united by a common purpose of delivering exceptional service to our clients. As an Employee-Owned Company, we focus on developing our staff through structured career development programs, rewarding and recognizing individual and team efforts. Certified as a Great Place To Work, our employee satisfaction and retention ranks in the 95th percentile.    

Reasons you should consider a career with CCMSI:

• Culture: Our Core Values are embedded into our culture of how we treat our employees as a valued partner-with integrity, passion and enthusiasm.
• Career development: CCMSI offers robust internships and internal training programs for advancement within our organization.
• Benefits: Not only do our benefits include 4 weeks paid time off in your first year, plus 10 paid holidays, but they also include Medical, Dental, Vision, Life Insurance, Critical Illness, Short and Long Term Disability, 401K, and ESOP.
• Work Environment: We believe in providing an environment where employees enjoy coming to work every day, are provided the resources needed to perform their job and claims staff are assigned manageable caseloads.

The Actuarial Specialist position will perform increasingly complex mathematical and quantitative actuarial analyses that are crucial to the success of CCMSI in evaluating analytics within CCMSI, prospects and at the client level.   This position will accurately make, verify, and analyze actuarial calculations including those requiring a thorough knowledge of actuarial functions for Workers’ Compensation and Property and Casualty insurance, and other specialty insurance products.

Responsibilities

• Research, analyze and develop statistical models for prospects, clients and within the CCMSI business model.
• Prepare actuarial evaluations, including liabilities and costs, supporting documents and reports.
• Assist with developing rates for underwriting guidelines.
• Assist with reviewing monthly financials and comparing actual loss data to budgeted costs.
• Participate in pricing studies and strategic projects as assigned.
• Conduct analyses that adheres to actuarial standards, by selecting appropriate data sources and making assumptions to develop recommendations.
• Accurately document assumptions, methods, sources and considerations in an organized fashion.
• Prepare and present actuarial findings and documents that are suitable for technical and non-technical audiences.
• Use data mining techniques to identify new relationships in data and gain the understanding to build models in different software packages.
• May perform other duties as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Demonstrated customer service skills. 
• Excellent written and oral communication skills. 
• Strong analytical ability and mathematical aptitude. 
• Individual must be detail-oriented and a self-starter.
• Ability to coordinate and prioritize required. 
• Flexibility, accuracy, initiative, and the ability to work with a minimum of direct supervision a must. 
• Discretion and confidentiality required. 
• General knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases.
• Should have basic competencies including business understanding, problem solving, customer focus, dealing with ambiguity, drive for results and learning ability.
• Ability to work as a team member in a rapidly-changing environment. 

Education and/or Experience                                                                    

• Highly preferred:   Undergraduate or Graduate Degree in Actuary Science
• Undergraduate degree in Actuarial Science, Mathematics, Statistics, or Data Science Experience in predictive modeling, assessing risk utilizing a mathematical and science-based analysis
• Workers’ Compensation and/or Property and Casualty insurance experience is preferred. 

Computer Skills

• Expert level Excel and Access skills
• Proficient in Microsoft Office products, analytical software and
• Working knowledge of SQL programming language required.

Certificates, Licenses, Registrations

None required

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Object Handling Categories

Work requires the ability to lift/carry objects routinely as follows:

Light Lifting:       No lifting of objects weighing more than 15 pounds on a regular basis.

Other Physical Demands 

Work requires the ability to sit or stand up to 7.5 or more hours at a time.

Work requires sufficient auditory and visual acuity to interact with others

CORE VALUES & PRINCIPLES

Responsible for upholding the CCMSI Core Values & Principles which include: performing with integrity; passionately focus on client service; embracing a client-centered vision; maintaining contagious enthusiasm for our clients; searching for the best ideas; looking upon change as an opportunity; insisting upon excellence; creating an atmosphere of excitement, informality and trust; focusing on the situation, issue, or behavior, not the person; maintaining the self-confidence and self-esteem of others; maintaining constructive relationships; taking the initiative to make things better; and leading by example.

CCMSI is an Affirmative Action / Equal Employment Opportunity employer offering an excellent benefit package including Medical, Dental, Prescription Drug, Vision, Flexible Spending, Life, ESOP and 401K.