Lockton Affinity, based in Overland Park, Kansas, is seeking an Actuarial Analyst to join our team.
The Actuarial Analyst helps support Lockton Affinity’s goal of providing clear, actionable insights for our stakeholders. These insights will be used to facilitate informed decision-making and deliver improved outcomes. The analyst is responsible for producing detailed data insights and analysis to support the evaluation of current program performance and profit commission potential, and for providing data and analysis for new program submissions, program transitions and other business opportunities.
YOUR RESPONSIBILITIES
Proactively monitor and assess the performance of insurance programs to ensure alignment with organizational goals and objectives and deliver expected results in terms of profitability, growth, and operational efficiency.
Develop detailed actuarial-style data reports for carrier submissions, new business opportunities, and program evaluations. Ensure that data is accurate, comprehensive, and presented in a manner that supports key decision-making processes.
Conduct in-depth analysis of program performance, profit commissions, loss ratios, and other critical metrics. Use this data to identify trends, risks, and opportunities, providing management with actionable recommendations that support both short-term and long-term objectives.
Collaborate with stakeholders, including underwriting teams, senior leadership, and carrier partners to understand needs, identify opportunities, and develop strategic solutions. Effectively communicate performance results, analysis, and recommendations through detailed reports and presentations.
Build strong working relationships with carrier partners to align on strategic goals. Ensure that the data provided supports mutual objectives, optimizing the performance and profitability of the programs.
Work closely with IT teams to ensure that systems and reporting tools are optimized and updated as needed to support the evolving needs of the business. Prioritize and provide support for necessary changes to IT systems and management reports.
Ensure all data used for underwriting analysis and reports is accurate, consistent, and reliable. Implement checks and balances to maintain high data integrity across all reports and analysis.
Remain informed on industry developments and effectively communicate the implications both internally and externally.
Communicate and explain complex analytic concepts to stakeholders.
Compile, analyze, interpret, and present data trends to guide decision-making.
QUALIFICATIONS
Quantitative mindset as evidenced by a bachelor’s degree in actuarial science, math, statistics, analytics, data science, computer science, finance, or other business-related degree.
Strong critical thinking and problem-solving skills.
Highly effective oral and written communication skills.
A strong desire to work collaboratively with others.
Proficiency with Microsoft Office products, particularly Excel.
Self-motivation and the willingness to take initiative and ownership on projects.
Prior analytics experience, particularly in the P&C industry, is strongly preferred.
Prior experience with Power BI is preferred.
Actuarial exams are a plus, but not required.
The preceding job description has been designed to indicate the general nature and level of work performed by Associates within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of Associates assigned to this position.
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Lockton
The world's largest privately-owned, independent insurance brokerage firm, providing insurance, risk management, and employee benefits solutions to clients around the globe.