Midwest Employers Casualty (MEC) is a member of the W. R. Berkley Corporation, a fortune 500 company, rated A+ (Superior) by A.M. Best Company, based in Chesterfield, MO. We improve the quality of life for employees severely injured on the job and help companies understand and mitigate their risk for workers’ compensation injuries. MEC has a friendly, results-focused work environment. We seek employees who take initiative, are quick to adapt, are dependable, and like working as part of a team.

 

Company URL: https://www.mecasualty.com/   

 

The Company is an equal employment opportunity employer.

MEC has a friendly, results-focused work environment. Are you detail oriented; do you have advanced math and analytical skills? Able to prioritize and complete multiple assignments, have strong customer service skills, dependable and like working as part of a team? Are you looking for a team that values your experience, unique perspective and creativity?

 

This position will be part of a diverse team of experts utilizing your communication, analytical, and technical skills to support the Reserving function of the organization and provide recommendations to stakeholders. You will also gain exposure to our other Actuarial functions, including Pricing, Forecasting, Modeling and Special Projects.

 

The Actuarial Analyst’s role is to coordinate, prepare, perform, and communicate statistical and actuarial analyses required to estimate expected losses for insurance products across the entire portfolio and to project future financial results. While this role will immediately support our Reserving function, you will also have the future opportunity to work with our other functional areas within the MEC Actuarial department.

 

What you will do:

• Contribute to producing accurate assessments of ultimate losses by line of business by year within specified timeframes that include appropriate reflection of known and/or upcoming trends as well as internal operational changes.
• Perform basic to moderately complex analysis to provide insights, using traditional actuarial and statistical techniques, including proper documentation.
• Review and ensure data used to perform actuarial and statistical services within multiple tools/applications meets quality standards.
• Communicate analysis results to management and non-technical users, making recommendations and providing support for assumptions and methodologies.
• Learn insurance business, products, markets, and regulatory environments in the creation of business strategies and decisions, building expertise within a specialized area.

To Succeed in this role:

Candidates for this role will hold a bachelor’s or master’s degree in the field of mathematics, statistics, actuarial science or other similar quantitative field.  Pursuit of an actuarial designation through the CAS or SOA (General Insurance track) is required.  Along with advanced knowledge of Microsoft Excel, analytical and mathematical skills, this candidate will have a growing knowledge of SQL, including query writing and/or Power BI.  Prefer basic knowledge of R, Python or related modeling software, and familiarity with predictive analytic/modeling techniques.

This candidate will gain exposure to a variety of insurance products for self-insureds, captives and reinsurance clients, including primary, large deductible as well as specific and aggregate excess workers’ compensation, surety, auto liability and general liability.  They will possess strong interpersonal verbal and written communication skills and the ability to effectively convey actuarial concepts in understandable terms.  Candidate will hold strong decision -making skills and can prioritize and complete multiple concurrent assignments in a timely manner.   Finally, given our strong culture of continued personal development, you will have the opportunity to develop and grow in programming and modeling skills as well as knowledge in other areas of the Company.

What are some of the perks at MEC?

We offer flextime with core hours and a hybrid schedule.  Health, dental and vision insurance benefits begin day one of employment.  Flexible Spending Account, life insurance, Employee Assistance Plan, paid holidays, tuition/training reimbursement, bonus structure, 401(k) savings plan with profit sharing (averaging 10% the past few years). Employee referral program, business casual attire (nice jeans allowed) and fun social events, just to name a few.

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship not Offered for this Role