Actuarial Fellow jobs in Richmond, VA

Position Title: Actuarial Analyst

Participate in research activities to obtain information required for rate changes, product development, and management decisions.

Location:

Richmond, Virginia (West Creek Office Park – Goochland, VA)

Schedule: 8:00am - 4:30pm, schedule supports a 37.50-hour work week

Hybrid schedule is offered, after training and probationary period is completed.

Primary Duties

• Develop rates for personal and / or commercial lines products which are profitable, competitive, and consistent with company goals and objectives.
• Develop and maintain actuarial sound pricing models for personal auto and homeowners.
• Coordinate research activities to obtain information required for personal auto and homeowners rate changes, product design and management decision making.
• Provide actuarial data, cost analysis and technical assistance in the implementation of personal auto and homeowner’s products.
• Assist in personal auto and homeowner’s predictive modeling.

Additional Duties

• Facilitate Bureau of Insurance filings and maintain a good working relationship with the Bureau of Insurance.
• Assure that rate manual pages, premium determination rules and computer support are in compliance with the rating rules and procedures on file with the Bureau of Insurance for each line of business.
• All other duties as assigned by the manager and/or VP of Product Management

Minimum Education / Experience Qualifications

• Bachelor’s degree in Mathematics, or Statistics or Actuarial Science.
• Minimum 4 years of experience in the actuarial field.

Minimum Skill Qualifications

• Extensive PC skills including databases, spreadsheets, and Windows word processing packages
• Proven analytical ability
• Strong interpersonal skills
• Excellent oral and written communication skills

Preferred Qualifications

• Proficiency in predictive modeling using Emblem and Radar
• Ability to format analytical report requests and exchange information between mainframe systems and personal computers.
• Minimum of 3 exams in Casualty Actuarial Society or equivalent experience

At VA Farm Bureau, we provide an exceptional benefits package, including ongoing job development and support in all roles, paid training and continuing education reimbursement, medical and dental insurance available on your first day, generous employee 401K contribution, excellent Paid Time off (PTO) plan and more!

Virginia Farm Bureau Companies provide equal employment opportunity in all aspects of employment without regard to race, color, national origin, religion, gender, pregnancy, age, disability, orientation or veteran status.

VAFB supports compliance with COVID-19 protocols.