Property/Casualty Actuarial Analyst 2 at Fox Point Recruitment LLC in Bloomington, Illinois, United States

Job description

• We are seeking a Property/Casualty Actuarial Analyst expert in researching and analysing various types of data to produce rate adjustment proposals, reserve estimates or economic capital models. Provides actuarial support for filings with state insurance departments to implement new rates and rating plans, using existing procedures, recommending changes where appropriate.

Responsibilities

• Develops basic to very complex actuarial formulas leading to the recommendation of extensive and impactful strategies.
• Provides consultation and clarification on actuarial models and risk issues
• Influences management towards courses of action that have potentially sizeable impact on products, markets, underwriting, pricing, risk management, carried reserves and/or profitability.
• May direct simple to complex actuarial projects simultaneously, cross-functionally, as well as aspects of very broad, large and complex initiatives.
• Specialize in pricing/product development including determining rating and pricing structures and premiums, and/or the origination and evaluation of rate structures for new product ideas, which are complex and strategic.
• Supports research in the development of actuarial techniques, standards, and assumptions, and in the legal and regulatory environment.
• Supports Product Line and State Managers in determining the product line's premium rates and pricing structures, profit forecasts, and other product line actuarial determinations.

Requirements

• Property/Casualty experience - filled as a level 2 or level 3 (senior level) Actuary
• At Least two (2) few years of work experience
• Casualty Actuarial Society designation at least through Associate of the Casualty Actuarial Society (ACAS) level with 3-5 exams completed
• Maintains appropriate Continuing Education credit to maintain Actuarial credentials.

Skills

Required

• Property/Casualty actuarial experience

Benefits

• Benefits package includes insurance benefits (medical, dental, vision, disability, and life), 401(k) with company match.
• 6% annual bonus additional variable compensation?