This site uses cookies. To find out more, see our Cookies Policy

Senior Actuarial Analyst in Lansing, MI at AF Group

Date Posted: 8/1/2018

Job Snapshot

Job Description

AF Group-





SUMMARY:



This position is responsible for supporting the Company's actuarial functions. The core actuarial functions include reserving, reinsurance analysis, and forecasting. Additional responsibilities include management reporting, strategy support, and other ad hoc projects.



RESPONSIBILITIES/TASKS:



Specific Responsibilities by Focus Area:

Senior Actuarial Analyst:


  • Perform quarterly reserve analyses. Identify loss trends and investigate underlying drivers.
  • Gather, analyze and present data in a format appropriate loss reserving, reinsurance and other financial analysis. Make recommendations and present data to appropriate personnel.
  • Perform ad hoc reserving and reinsurance projects with little direction.
  • Assist in various reinsurance studies including pricing and commutation studies.
  • Complete statutory schedules (Schedule P, Schedule X) as required.
  • Completion of quarterly dividend and retro premium accruals.
  • Support the maintenance of the catastrophic claim inventory including underlying assumptions and models.
  • Assist with the calculation of reinsurance recoverable.
  • Develop and refine reports for management loss reserving, and forecasting.
  • Provide oversight for data submissions for reinsurance pricing and external auditors.
  • Monitor management reporting metrics and report on unexpected variances.
  • Provide commentary for various monthly scorecard reporting.
  • Provide oversight to the premium and loss projection process. Work with Operating Units on underlying assumptions and create appropriate documentation. Review projection files to ensure accuracy. Communicate results to Finance.
  • Lead the development of new reports and tools for the department.
  • Represent Actuarial on various corporate projects.
  • Act as liaison for the Actuarial department when working with other departments such as Information Services, Corporate Claims, and Corporate Underwriting.
  • Work with outside actuaries and/or consultants on various projects.
  • Maintain confidentiality of information processed as appropriate.
  • Mentoring and training of Actuarial Interns and Actuarial Analysts.

    This position description identifies the responsibilities and tasks typically associated with the performance of the position. Other relevant essential functions may be required.





    EMPLOYMENT QUALIFICATIONS:



    EDUCATION OR EQUIVALENT

    EXPERIENCE:



    Bachelor's degree in actuarial science, mathematics, or a related field is required. Successful completion of one CAS examinations required. Continuous learning, as defined by the Company's learning philosophy, is required. Certification or progress toward certification is highly preferred and encouraged.

    Additional Education for Senior Actuarial Analyst

    A minimum of four CAS examinations successfully completed is required, five is preferred.



    EXPERIENCE:



    A minimum of three years actuarial experience in the P&C industry required, four preferred.



    SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED:



    Knowledge of actuarial principles and practices, underwriting and marketing guidelines and claims practices.


  • Excellent oral and written communications skills, with the ability to communicate actuarial concepts and conclusions to non-actuaries.
  • Ability to create financial and actuarial models with little direction.
  • Ability to facilitate decisions in meetings.
  • Ability to apply the principles of logical thinking to define problems, collect data, identify trends and draw conclusions.
  • Ability to manage multiple priorities, establish workflows, and meet necessary deadlines.
  • Strong working knowledge of Microsoft Excel and Access. Knowledge of ResQ preferred, but not required.
  • Some SQL and Visual Basic knowledge preferred.
  • Strong knowledge of GAAP and SAP accounting, including FASB accounting standards.
  • Ability to establish a personal rapport with opposing parties and to resolve conflicts in a professional manner.
  • Presentation skills and confidence to present company and product in one-on-one settings or in small groups.
  • Comprehends the consequences of various problem situations.



    WORKING CONDITIONS:



    Work is performed in an office setting with no unusual hazards. Minimal travel required.

    The qualifications listed above are intended to represent the minimum education, experience, skills, knowledge and ability levels associated with performing the duties and responsibilities contained in this job description.

    We are an Equal Opportunity Employer. Diversity is valued and we will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an "at will" basis. Nothing herein is intended to create a contract.

    Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
  • CHECK OUT OUR SIMILAR JOBS

    1. Actuary Jobs
    2. Actuarial Analyst Jobs