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Job ID: 38259
Job Openings by Title Actuarial Analyst II
Location Michigan, United States
Description:
Position:	Actuarial Analyst II

Company:	Insurance

Location:	Michigan

Job ID:		38259


Responsibilities:

- Develops pricing for current or new property/casualty insurance coverage and products.
- Executes scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience.
- Analyzes and prepares competitive products and rate comparison reports.
- Formulates and interprets mathematical ratemaking models using available tools.
- Analyzes data develops material and prepares appropriate communication.
- Works with Actuarial Support in gathering and verifying data for rate indications, rate revisions, and special projects. 
- Manipulates data for actuarial review using standard software packages.
- Applies actuarial methods and principals to obtain indications, complete projects, analyze results and make recommendations. 
- Determines relevant factors and researches suitable trend indications for analysis.
- Analyzes competitor’s rate structures and coverage.
- Develops and prepares competitor rate manual analysis.
- Prepares reports, proposals, system documents, filing support and documentation files.
- Provides support to projects as required. 

Qualifications:

- Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.
- Successful completion of three or more actuarial examinations and a minimum of 2 or more years of experience in an actuarial environment.
- Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
- Experience in/with:
 - Analyzing technical studies and data and drawing sound conclusions.
- Calculating premium or reserves for new or existing products.
- Performing research and statistical analyses.
- Statistical tools in order to complete assignments.
- PC software applications.
- Demonstrated skills in:
- Preparation/presentation of material.
- Managing workflow to achieve multiple goals.
- Working individually and as part of a team.
- Ability to:
- Make oral presentations to business units.
- Represent the department on inter-department teams.
- Apply actuarial methods and principals to obtain indications, complete projects, analyze results and make recommendations.


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