Position:        Sr. Actuarial Analyst I

Company:      Insurance

Location:       Michigan

Job ID:	        38260


Responsibilities:

- Develops pricing for current or new property/casualty insurance coverage and products. 
- Coordinates and executes scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory, and internally consistent with experience. 
- Provides senior level analysis and preparation of competitive product and rate comparison reports. 
- Formulates and interprets mathematical ratemaking models using available tools.  
- Analyzes data, develops material and prepares appropriate communications.
- Provides recommendations for improving methods, analysis and data gathering techniques used by the actuarial team. 
- 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.  
- Determines relevant factors and researches suitable trend indications for analysis, providing material and oral support to recommendations made to management.  
- Performs actuarial adjustments to meet the analysis purpose. 
- Analyzes competitor’s rate structures and coverage.  
- Develops and prepares competitor rate manual analysis.  
- Prepares reports, proposals, system documents and documentation as required. 
- Provides support/oversight to projects as required.

Qualifications:

- Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field. 
- Successful completion of four or more actuarial examinations and a minimum of three or more years of experience in an actuarial environment.
- Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
- Experience in three or more of the following:
- Preparing quarterly rate indications.
- Formulating and interpreting mathematical rate making models.
- Preparing property and casualty rate filings.
- Preparing competitive product and rate comparison analysis reports.
- Calculating reserves.
- Pricing property and casualty insurance products.
- Completing actuarial research relating to insurance operations.
- Coordination and execution of projects.
- Use of statistical tools and software applications to complete assignments.
- Preparing reports and exhibits for management review.
- Analysis of technical studies and data and draw sound conclusions.
- Make oral presentations to business units and management.
- Represent the department on inter-department teams.
- Preferred Qualifications:
- Master Degree in Mathematics, Actuarial Science, Statistics or related field.