Key Responsibilities:
Prepares routine internal management information and financial reports and/or external filings following established procedures.
Assists in the revision and/or design of internal reports and/or external filings as required and assists in preparing related automation requests as necessary.
Assists in responding to questions regarding internal reports and/or external filings.
Responds to routine requests for data which require actuarial analysis from internal and external sources.
Assists in conducting actuarial analysis for ratemaking purposes on existing products using the concepts of trend development credibility and present value as appropriate.
Assists in conducting actuarial analysis for the determination of adequate loss reserve levels.
Assists in conducting actuarial analysis for the determination of reserves for dividends retro returns or contingent commissions.
Makes efficient use of automation tools to improve the timeliness accuracy and content of reports or to support actuarial research.
Assures that written job procedures are maintained on all reports where responsibility exists.
Assists in the preparation of analytical memos which require actuarial analysis to provide an interpretation of management information reports.
Assists in projecting the impact of suggested corporate strategies as requested.
Keeps abreast of technical and procedural changes involving areas where responsibility exists.
Identifies innovations and developments and communicates them to supervisors.
Improves actuarial expertise on an on-going basis by studying for and passing Casualty Actuarial Society examinations.
Maintains a good level of intra-department and intra-company relations to contribute to a coordinated workflow system which produces quality service.
Keeps supervisor informed verbally and in writing of activities and problems within assigned area of responsibility; refers matter beyond limits of authority and expertise to supervisor for direction.
Performs other related duties as required or requested.
Required Skills and Experience:
Bachelors Degree in quantitative field such as mathematics actuarial science statistics economics or related fields.
Demonstrates effective and diplomatic oral and written communication skills.
Having passed at least one actuarial exam and committed to progress toward the Associate of the Casualty Actuarial Society designation (ACAS).
Relevant actuarial work experience or internship preferred
Proficiency with MS Office products including Outlook Word Excel and PowerPoint.
Excellent customer service communication and collaboration skills.
Eagerness to learn about insurance industry.
Knowledge of SQL SAS Python or other programming/data query/reporting software is a plus.
Our current reasonable and good faith estimate of the annual salary wage range for this position is approximately $65000 - $78000 Actuarial Analyst I and $75000-$85000 Actuarial Analyst II based on a variety of factors including but not limited to relevant skills and experience educational background and certifications performance and qualifications market demand for the role and other organizational needs.
Please note: The advertised pay range is not a guarantee or promise of a specific wage.
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Required Experience:
IC
Join the Boston Business Journal’s #1 Best Place to Work! Founded in 1988 in Quincy Massachusetts, Arbella provides car insurance, home insurance and business insurance in Massachusetts and Connecticut, as well as business insurance in New Hampshire and Rhode Island. Financially stro ... View more