The Actuarial Associate I is responsible for developing managerial information based on actuarial and financial analyses. This will include data gathering and technical programming across various databases. As a member of the actuarial team, the job will focus on one or more of reserve analysis and reserve administration, pricing analysis or predictive modeling.
Responsibilities:
- Compiles and categorizes data to assist in the development of actuarial formulations leading to the recommendation of pricing strategies and loss reserving.
- Documents and verifies data used to determine relationships, trends, and indications.
- Look for possible data issues.
- Possible examples include: developing rating plans, developing rates, indicating IBNR, financial forecasting, and participating in implementation.
- Utilizes internal and external data and tools to update existing actuarial analyses.
- Expands knowledge and application of basic actuarial techniques, procedures, and methodologies.
Requirements:
- Demonstrated proficiency with computer software including current Windows Operating System and Microsoft Office (specifically Microsoft Excel). Demonstrates a growing knowledge of data aggregation and analysis software.
- Must demonstrate a strong mathematical aptitude. General insurance knowledge is desirable.
- Must demonstrate strong communication and collaboration skills with colleagues at all levels.
- Capable of effectively presenting technical information to technical audiences with guidance.
Education and Experience:
- Bachelor's degree required, preferably with emphasis in mathematics and statistics or similar background requiring modeling, programming, or quantitative analysis.
- Property and casualty experience not required.
- One or more actuarial exams completed is preferred
- General insurance knowledge is desirable.
Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires, but your recruiter will share more specific compensation information with you during the hiring process. The typical base salary range for this position is: $69,000 - $98,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Hoboken, NJ; and the New York City metro area, the base salary range is $88,000 -$102,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include: 401(k) savings and annual contributions of up to 12% of annual salary, competitive paid time off programs, medical, vision and dental plans, mental health support programs, life and disability insurance, paid parental leave and a variety of voluntary benefits.
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