Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Are you an Auto Insurance Pricing Actuary ready to transform a niche segment in auto insurance? American Collectors Insurance is seeking a visionary, analytical mind to drive transformation in our collector auto insurance program. As our Pricing Actuary, you'll harness your expertise in insurance pricing and rate plan development to craft the blueprint for a profitable, next-generation insurance program. If you desire to unleash your pricing experience and operate in a lean, cross functional-team environment, join us on our journey of innovation!
Job Summary: The Pricing Actuary role at American Collectors Insurance is responsible for building pricing models, evaluating collector auto risk profitability, and collaborating with cross functional teams to analyze and submit rate and rule filings on a countrywide basis.
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0 Actuary jobs found in Camden, NJ area