What are the responsibilities and job description for the Actuary II, Pricing position at MAPFRE?
Job Summary
Position is located in Webster, MA or within a commutable distance on a hybrid schedule. Remote possible.
The Actuary II develops actuarial analyses, with a focus on pricing, in accordance with CAS (Casualty Actuarial Society) principles. These analyses will directly contribute to the overall performance of the actuarial area with a focus on the analyst’s assigned state(s) as well as the potential to positively impact other departments across the organization and overall the results of the company. As the analyses typically rely upon complex processes, with the potential to change in connection with the organization’s needs, the Actuary II will be accountable for ensuring that the processes are kept up-to-date and free of errors. The Actuary II therefore acts as the SME (subject matter expert) for the actuarial analyses carried out, detailing the inputs and conclusions to others in the organization.
Knowledge, Skills And Abilities
Education: Bachelor's Degree or higher.
Experience: 4 - 6 years
Knowledge: General knowledge of industry practices, standards, and concepts within field of work. Applies them to perform work requiring analytical business skills.
Decision Making: Makes decisions related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion. Decisions influence portions of a project, client relationships and/or expenditures.
Required
Additional Knowledge, Skills and Abilities
We are proud to be an equal opportunity employer.
Position is located in Webster, MA or within a commutable distance on a hybrid schedule. Remote possible.
The Actuary II develops actuarial analyses, with a focus on pricing, in accordance with CAS (Casualty Actuarial Society) principles. These analyses will directly contribute to the overall performance of the actuarial area with a focus on the analyst’s assigned state(s) as well as the potential to positively impact other departments across the organization and overall the results of the company. As the analyses typically rely upon complex processes, with the potential to change in connection with the organization’s needs, the Actuary II will be accountable for ensuring that the processes are kept up-to-date and free of errors. The Actuary II therefore acts as the SME (subject matter expert) for the actuarial analyses carried out, detailing the inputs and conclusions to others in the organization.
Knowledge, Skills And Abilities
Education: Bachelor's Degree or higher.
Experience: 4 - 6 years
Knowledge: General knowledge of industry practices, standards, and concepts within field of work. Applies them to perform work requiring analytical business skills.
Decision Making: Makes decisions related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion. Decisions influence portions of a project, client relationships and/or expenditures.
Required
Additional Knowledge, Skills and Abilities
- Thorough knowledge of Microsoft Office
- Experience carrying out complicated quantitative analyses for insurance companies or similar organizations; preferably related to products similar to MAPFRE’s
- General knowledge of applicable industry practices, standards, and concepts
- Knowledge of either SAS, SQL or other programming language
- General knowledge of insurance operations and of insurance regulation
- Ability to use these skills to modify existing processes or innovate new processes
- Credit for at least four exams on the current CAS syllabus
- General knowledge of reinsurance and its implications on the area of focus
- General knowledge of capital management and risk management
- Works independently under general supervision
- Makes decisions related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion
- Proactive in recognizing existing or emerging problems with analysis processes and remediating the problems
- May provide training and guidance to less experienced staff
- Manages internal and external relationships
- Represents actuarial area as prime contact for completed analyses Ability to communicate with senior management and external personnel
- Ability to communicate with senior management and external personal
We are proud to be an equal opportunity employer.
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