What are the responsibilities and job description for the Associate Actuary position at Plymouth Rock Assurance?
Our Boston Actuarial team is seeking a self-motivated and creative individual with a strong desire to work with Product Management, Claims, and Finance to bring statistical rigor and analysis into everyday processes. The ideal candidate will have a strong business sense and a proven track record of generating new ideas across an organization and implementing those into current operations.
The individual in this position supports the Actuarial Manager and team by identifying business issues, performing analysis to understand the drivers of the issues, and making recommendations to improve overall business results. This includes performing analysis within a designated business segment to assess reserves and profitability of the segment as well as financial planning.
Responsibilities:
- Conduct indications analysis, working with Product Managers to assess and forecast impacts of product, market, and economic changes on profitability and rate need
- Collaborate with Finance and Product to forecast premiums and losses; assessing the expected variability in those forecasts;
- Conduct reserving analysis, using both traditional and non-traditional methods; develop new methods and incorporate them as warranted.
- Model weather events, economic changes and/or business mix changes and their impact on reserves and rate need;
- Estimate the impact of claim practices and business mix changes on reserves and reserve variability; develop and analyze key metrics and exhibits to facilitate this estimation.
- Effectively communicate results of analysis to peers and senior management across the organization, both in writing and in presentations.
- Maintain an external network within the insurance industry to track emerging trends and approaches to business issues.
- Provide supervision and training to actuarial interns and junior staff.
- Serve as a mentor to other department members on aspects of project work, insurance and general business knowledge.
Qualifications:
- Associate of the Casualty Actuarial Society (ACAS);
- 4-6 years of work experience in analyzing P&C insurance with practical application of statistical techniques and models;
- Excellent communication and interpersonal skills, allowing effective interaction with colleagues and executives;
- Excellent statistical, programming, and data management skills;
- Strong project management skills to carry ideas through to completion
About the Company
The Plymouth Rock Company and its affiliated group of companies write and manage over $1.6 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 2,000 people and is headquartered in Boston, Massachusetts. Plymouth Rock Assurance Corporation holds an A.M. Best rating of “A-/Excellent”.
Salary : $2 - $0