Actuary

Job Summary: 

This position is responsible for gathering and analyzing statistical data to help the company make wise sales and financial decisions. The outcomes of this position help the company manage risk, determine cost structures, reduce costs and increase profits. This position works with all management levels across the organization and is a direct report to the Manager of Product Development & Analytics.  

Principal Duties and Responsibilities:  

Pricing and Profitability  

• Analyze and quantify rating parameters and pricing products and provide recommendations when deviations and revisions from published standard assumptions are appropriate  

• Research, compile, and analyze historical actuarial data  

• Perform competitive analysis and assessment  

• Conduct due diligence, market analysis, statistical studies, production and cost forecast  

• Support corporate and business financial planning by analyzing loss reserves, calculating/estimating IBNR & WBNR, and performing catastrophe/exposure studies  

• Identify and propose actions to improve profitability of products and accounts  

Risk Management and Rate Compliance  

• Prepare rate filings/exhibits and assist in developing pricing, underwriting and fraud prevention strategies  

• Utilize actuarial tools and develop ad hoc tools as necessary to quantify risks presented by a product and account  

• Build and improve actuarial files, models, and algorithms  

• Conduct periodic audits of underwriting files to determine if pricing models are appropriately employed  

• Assist in reinsurance terms evaluation  

Product Development  

• Assist with the development of new insurance products and advise underwriters in making profitable decisions regarding current and prospective business  

Analysis and Reporting  

• Create appropriate measurements and reports including but not limited to monthly analysis of production, underwriting results, expenses, cash flow, and financial performance  

• Determine deviation from target/projections and determine potential source of material deviations in results from expectation  

• Participate in development of the annual budget  

Required / Desired Knowledge, Experiences and Skills: 

• Minimum of one year work experience in a corporate environment preferred  

• Minimum intermediate level experience using Microsoft Office Suite with an Excel emphasis  

• Experience employing and understanding standard concepts, practices, regulations, and laws within the insurance and actuarial fields preferred 

Education/Certifications: 

• Bachelor's degree (B.A.) in mathematics, actuarial science, economics, finance or similar degree from an accredited college or university required  

Physical Working Environment: 

While performing the duties of this job, the employee is required to stand; walk; sit for long periods of time; use of hands to grasp, handle, or feel; reach with hands and arms; finger dexterity; talk; hear. The employee is occasionally required to climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus. 

The above statements are intended to describe the general nature of work being performed by people assigned to this classification.  They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of employees so classified. 

Generali Global Assistance is an Equal Opportunity Employer M/F/Disability/Veteran