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Actuarial Analyst II/Senior Actuarial Analyst

Company name
AF Group

Location
Lansing, MI

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Job Description
SUMMARY: This position is responsible for supporting the Company's actuarial functions. The core actuarial functions include pricing, reserving, reinsurance analysis, and forecasting. Additional responsibilities include management reporting, competitor analysis, strategy support, financial data calls, and other ad hoc projects. RESPONSIBILITIES/TASKS: Specific Responsibilities by Focus Area: Actuarial Analyst: * Gather, analyze and present data in a format appropriate for pricing, loss reserving, product development, reinsurance and other financial analysis. Make recommendations and present data to appropriate personnel. * Assist in compilation of rate reviews including calculation of trends and rate indications. * Develop and refine reports for management of pricing, loss reserving, and forecasting. * Update premium and loss projections. * Completion of quarterly dividend and retro premium accruals. * Update tables and formulas in large account pricing workbook. * Compile rate pages and rate filing support. * Gather and report out on industry financial data. * Support the maintenance of the catastrophic claim inventory including underlying assumptions and models. * Support various reinsurance functions. * Provide support for the quarterly loss reserve analysis. * Assist with the calculation of reinsurance recoverable. * Assist with monthly scorecard reporting. * Compile data submissions for reinsurance pricing and external auditors. Perform other ad hoc projects as required. * Perform ad hoc pricing, reserving, and forecasting studies. * Assist with the updating of experience reports. * Exercise discretion when communicating outside of department. * Maintain confidentiality of information processed as appropriate. Focus on Financial Data Calls: * Combine data from multiple sources to fulfill financial data call reporting requirements. * Use bureau tools and forms to validate and submit financial call data. * Research and resolve rating bureau inquiries, criticisms, and error reports related to financial data calls using appropriate combination of explanation and error correction. * Maintain current knowledge of workers' compensation financial data call reports and requirements and update process and procedure documentation appropriately. * Maintain accurate records. * Calculate and maintain company rate and loss cost deviations used in financial data calls * Implement new processes and procedures. * Review data and processes that impact financial data call reporting, provide analyses and recommend solutions. * Maintain technical and practical knowledge of company processing systems, data sources and how best to obtain data. * Collaborate with the Actuarial Data Team to ensure consistency and alignment of financial data information. * Work with minimum supervision and exercise significant discretion and independent judgment. * Provide commentary for various monthly scorecard reporting. * Complete statutory schedules (Schedule P, Schedule X) as required. * Independent compilation of rate review packages including indication and trend selection. * Provide oversight for the rate filing process including monitoring of the rate review schedule and working with Regulatory Filings on timelines. * Provide oversight for data submissions for reinsurance pricing and external auditors. * Complete quarterly reserve analysis for assigned segments. * Monitor quality of rate filings. * Assist with updating of Capital Model. * Provide assistance to Regulatory Reporting for Financial Calls requiring Actuarial assistance. * Representation of Actuarial in Catastrophic Claim Meetings. * Lead rate review meetings and facilitate a decision. * Monitor deployment of predictive models. * Participate in the development of new reports and tools for the department. * Monitor management reporting metrics and report on unexpected variances. Additional Responsibilities for Senior Actuarial Analyst * Provide oversight to the premium and loss projection process. Work with Operating Units on underlying assumptions and create appropriate documentation. Review projection files to ensure accuracy. Communicate results to Finance. * Act as liaison for the Actuarial department when working with other departments such as Information Services, Corporate Claims, and Corporate Underwriting. * Perform quarterly reserve analyses. Identify loss trends and investigate underlying drivers. * Maintain and update Large Account Pricing Workbook. * Participate in annual planning process by assisting Brands with strategy and identifying areas for improvement. * Perform ad hoc pricing and reserving projects with little direction. * Perform various projects with regard to reinsurance and catastrophe modeling. * Work with the Brands on deployment of underwriting predictive models. * Represent Actuarial on various corporate projects. * Work with outside actuaries and/or consultants on various projects. * Mentoring and training of Actuarial Interns and Actuarial Analysts. * Lead the development of new reports and tools for the department. * Assist in various reinsurance studies including pricing and commutation studies. * Assist with Capital Model maintenance. * Support the Capital Management Committee on its various tasks. * Development and maintenance of risk adjusted performance metrics. This position description identifies the responsibilities and tasks typically associated with the performance of the position. Other relevant essential functions may be required. EMPLOYMENT QUALIFICATIONS: EDUCATION OR EQUIVALENT EXPERIENCE: Bachelor's degree in actuarial science, mathematics, or a related field is required. Successful completion of one CAS examinations required. Continuous learning, as defined by the Company's learning philosophy, is required. Certification or progress toward certification is highly preferred and encouraged. A minimum of three CAS examinations successfully completed is required. Additional Education for Senior Actuarial Analyst A minimum of four CAS examinations successfully completed is required, five is preferred. EXPERIENCE: With proper education credentials, no experience is required; however actuarial experience is preferred. A minimum of two years actuarial experience in the P&C industry required. Additional Experience for Senior Actuarial Analyst A minimum of three years actuarial experience in the P&C industry required, four preferred. SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED: * Knowledge of actuarial principles and practices, underwriting and claims practices preferred. * Knowledge of mathematics and statistics with the ability to perform necessary mathematical computations. * Ability to apply the principles of logical thinking to define problems, collect data, identify trends and draw conclusions. * Excellent oral and written communications skills, with the ability to communicate actuarial concepts and conclusions to non-actuaries. * Working knowledge of Microsoft Excel and preferably Microsoft Access. * Competent and comfortable learning and working with new software. * Maintain confidentiality as appropriate. * Ability to work both independently and as part of a team. * Comfortable leading meetings and facilitating discussion. * Ability to manage multiple priorities, establish workflows, and meet necessary deadlines. * Knowledge of actuarial principles and practices, underwriting and marketing guidelines and claims practices. * Ability to perform actuarial and statistical analyses. * Strong working knowledge of Microsoft Excel and Access. Knowledge of ResQ, MetaRisk and @ Risk preferred, but not required. * Some SQL and Visual Basic knowledge preferred. * Some knowledge of GAAP and SAP accounting. Additional SKA for Sr. Actuarial Analyst * Ability to create financial and actuarial models with little direction. * Ability to facilitate decisions in meetings. * Strong knowledge of GAAP and SAP accounting, including FASB accounting standards. * Ability to establish a personal rapport with opposing parties and to resolve conflicts in a professional manner. * Presentation skills and confidence to present company and product in one-on-one settings or in small groups. * Comprehends the consequences of various problem situations. WORKING CONDITIONS: Work is performed in an office setting with no unusual hazards. Minimal travel required. The qualifications listed above are intended to represent the minimum education, experience, skills, knowledge and ability levels associated with performing the duties and responsibilities contained in this job description. We are an Equal Opportunity Employer. Diversity is valued and we will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an \at will\ basis. Nothing herein is intended to create a contract. EMPLOYMENT QUALIFICATIONS: EDUCATION OR EQUIVALENT EXPERIENCE: Bachelor's degree in actuarial science, mathematics, or a related field is required. Successful completion of one CAS examinations required. Continuous learning, as defined by the Company's learning philosophy, is required. Certification or progress toward certification is highly preferred and encouraged. A minimum of three CAS examinations successfully completed is required. Additional Education for Senior Actuarial Analyst A minimum of four CAS examinations successfully completed is required, five is preferred. EXPERIENCE: With proper education credentials, no experience is required; however actuarial experience is preferred. A minimum of two years actuarial experience in the P&C industry required. Additional Experience for Senior Actuarial Analyst A minimum of three years actuarial experience in the P&C industry required, four preferred. SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED: * Knowledge of actuarial principles and practices, underwriting and claims practices preferred. * Knowledge of mathematics and statistics with the ability to perform necessary mathematical computations. * Ability to apply the principles of logical thinking to define problems, collect data, identify trends and draw conclusions. * Excellent oral and written communications skills, with the ability to communicate actuarial concepts and conclusions to non-actuaries. * Working knowledge of Microsoft Excel and preferably Microsoft Access. * Competent and comfortable learning and working with new software. * Maintain confidentiality as appropriate. * Ability to work both independently and as part of a team. * Comfortable leading meetings and facilitating discussion. * Ability to manage multiple priorities, establish workflows, and meet necessary deadlines. * Knowledge of actuarial principles and practices, underwriting and marketing guidelines and claims practices. * Ability to perform actuarial and statistical analyses. * Strong working knowledge of Microsoft Excel and Access. Knowledge of ResQ, MetaRisk and @ Risk preferred, but not required. * Some SQL and Visual Basic knowledge preferred. * Some knowledge of GAAP and SAP accounting. Additional SKA for Sr. Actuarial Analyst * Ability to create financial and actuarial models with little direction. * Ability to facilitate decisions in meetings. * Strong knowledge of GAAP and SAP accounting, including FASB accounting standards. * Ability to establish a personal rapport with opposing parties and to resolve conflicts in a professional manner. * Presentation skills and confidence to present company and product in one-on-one settings or in small groups. * Comprehends the consequences of various problem situations. WORKING CONDITIONS: Work is performed in an office setting with no unusual hazards. Minimal travel required. The qualifications listed above are intended to represent the minimum education, experience, skills, knowledge and ability levels associated with performing the duties and responsibilities contained in this job description. We are an Equal Opportunity Employer. Diversity is valued and we will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an \at will\ basis. Nothing herein is intended to create a contract. Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

Company info

AF Group
Website : http://www.afgroup.com

Company Profile
Founded in 1912, AF Group (Lansing, Mich.) and its subsidiaries are a premier provider of innovative insurance solutions. Rated “A-” (Excellent) by A.M. Best, AF Group is a nationally recognized holding company conducting business through its brands: Accident Fund, United Heartland, CompWest and Third Coast Underwriters. Our unique brands operate across the U.S. within their respective niche markets, providing exceptional service to customers, injured workers, agents and brokers. Each brand offers superior underwriting, marketing, loss control and claims services in their area of focus. AG Group has been a trusted name for more than a century, building our reputation as a leader in the insurance industry by attracting and retaining talented people with a passion for what we do every day. As a result, our brands are multi-year honorees of the Best Places to Work in Insurance award by Business Insurance magazine.

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