Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments.: Construction, Specialty Casualty, Velocity Small Business & Professional Liability.  We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.

The Company is an equal employment opportunity employer. https://www.vela-ins.com/

The Actuarial Analyst will be responsible for performing various levels of analysis related to reserving and data analytics.  The role will be responsible for organizing, reconciling and preparing data for reserve analyses and using the company’s reserving software for quarterly reserve reviews.  The analyst will partner with the actuarial team members to harness internal and external data to deliver data analysis to assist the company’s business partners in strategic business decisions through evidenced based data. 

• The analyst will collaborate with other members of the actuarial team and apply appropriate actuarial reserving techniques to determine ultimate losses and participate in the quarterly close process.
• Partner with actuarial team to implement best practice analytical techniques and assess the impact of loss trends and claims emergence.
• Partner with claims and underwriting departments to understand changes in each environment and work to incorporate and explain new assumptions into the reserve analysis.
• Review internal and external data regarding inflation and its impact on claims for various lines of business.
• The analyst participates in evaluating the current reserving process and tools and works to provide innovative solutions to create efficiency and excellence in the process.
• Develop tools to illustratively communicate drivers of performance and bring multiple data sources together to communicate key metrics to business customer.
• Partner with actuarial team members and IT to collect, interpret, gather and reconcile data for predictive analytics.
• Assist in the transition from legacy systems to new enterprise platforms.

• Bachelor’s degree in a related field (mathematics, actuarial science, statistics, or equivalent)
• Minimum of 3 Casualty Actuarial Exams Completed
• Minimum of 3 years of casualty actuarial experience with emphasis on reserving
• Excellent interpersonal and communication skills
• Ability and desire to work in a small but dynamic company environment
• Required: Strong knowledge of MS Office tools (Excel, Outlook, Word, PowerPoint)
• Required: Strong knowledge of SQL
• Preferred: intermediate knowledge of Power BI / Tableau
• Preferred: intermediate knowledge of R and Python
• Strong problem solving and communication skills
• Strong organization skills and ability to multitask and prioritize multiple tasks at once
• Ability to work outside normal work schedule to fulfill responsibilities