DUTIES AND RESPONSIBILITIES:
Continues to develop more advanced knowledge of data sources and requirements; retrieves and manipulates data.
Continues to develop knowledge of actuarial methodologies via actual work assignments.
Conducts analyses that adhere to actuarial standards or practice: selects appropriate data sources and methods, makes assumptions, recognizes considerations and develops recommendations.
Documents assumptions, methods, sources, considerations; organizes documents.
Notes unreasonable results/non-optimal solutions and assists in resolution.
Prepares memos, documents, and letters as needed. Communications are to be concise, logical, organized, and grammatically correct with the appropriate level of technical terms suitable to the audience.
Develops personal work schedule to ensure timely completion of assigned tasks; coordinates with others when tasks involve others.
Participates in Peer Tech Reviews. Reviews work of peers and also has work reviewed by them.
Demonstrates satisfactory examination progress per the Casualty Actuarial Program.
May assist with training new associates on standard work procedures.
May make presentations to internal audiences and participate in team activities as requested.
RELATIONSHIP: Sr. Asst. Actuary, Associate Actuary , Actuary, Senior Actuary, or Actuarial Officer. No direct reports.
EXPERIENCE/ KNOWLEDGE: Two or more years experience in an actuarial-related work area. Knowledge of advanced mathematics and statistical concepts, basic actuarial methods/concepts, insurance terminology and product familiarity.
EDUCATION: Bachelors degree in actuarial science, mathematics, statistics, economics or related field with a strong quantitative orientation. Must have successfully completed at least three (3) Casualty Actuarial Society exams and have proven performance in the job.
SKILLS: Demonstrated work product accuracy. Effective oral/written communication
skills; Demonstrated ability to comprehend actuarial concepts and other advanced statistical concepts; Demonstrated ability to think logically and perform actuarial methods in a timely manner.
Ability to effectively operate personal computer and related spreadsheets and data base software.
OVERTIME ELIGIBILITY: Not Eligible (exempt)
WORKING CONDITIONS: Normal office environment
ADA: The above statements cover what are generally believed to be the principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
Job Evaluation Activity: Job family review. September, 2003, SMP/SJZ
Additional Job Description
This position is part of the reserving department, and will support Commercial, Agribusiness, and Farm lines. The responsibilities will include analyzing profitability and evaluating needed reserve levels at regular quarterly intervals for all reserve types. This position will also assist with monthly IBNR management. Special project work will be part of the job responsibilities as well. This may include assisting with planning related work, and / or developing / analyzing reports for reserving leadership. Reserving will consider filling this position at the Sr. Analyst - P&C Actuarial level based on skillset and experience.
Job ID: 51175
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