P&C Actuarial Analyst-REMOTE

at  Preferred Mutual Insurance Company

Please note, employment offered to residents in the following states only: Connecticut, Delaware, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont.
At Preferred, we understand the importance of holistic health. To meet the diverse needs of our employees, we offer a comprehensive set of benefits:

KEY CAPABILITIES FOR SUCCESS:

• Develops experience reports which accurately project expected profitability
• Successfully supports filing initiatives with actuarial analyses
• Demonstrates solid understanding of core products and territories
• Positive relationships with coworkers

QUALIFICATIONS:

• Baccalaureate degree in Actuarial Science, Mathematics or related area with a minimum GPA of 3.0 out of 4.0
• Successful completion of 2 to 4 CAS examinations
• A minimum of 2- to 5 years actuarial experience
• Strong mathematical aptitude and basic actuarial abilities with a high degree of accuracy
• Possess a high degree of analytical, problem solving and decision making skills
• Strong computer application skills, specifically in Excel and relational databases
• Good verbal and written communication skills
• General knowledge of property and casualty products, commercial lines a plus
• Ability to work independently on assigned tasks and meet deadlines consistently
• Demonstrated initiative and commitment to process improvements
  ABOUT US: As a mutual company, we are independent by nature, so we think about insurance solutions a little differently. Through listening, problem solving, examining your challenges and collaborating on the right solutions for you, Preferred Mutual independent agents provide flexible solutions and adapt to your evolving needs. We do the same for our employees. We are process and domain experts, focused on the solutions that deliver results for our clients and our company. We offer a great work environment, professional development, challenging careers, and competitive compensation. With Preferred, there are no surprises. You can count on us to deliver on our promises and be there when you need us, as your insurance provider and your employer. Preferred Mutual is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
  DISCLAIMER: This role (job) description indicates in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the rights to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job. Nothing in this position description changes the at-will employment relationship existing between Preferred Mutual Insurance Company and its employees.
  The salary range for the role is $76,000 to $110,000 per year paid on a salaried basis. The rate offered to any candidate will be reflective of the candidate’s experience and any relevant education, certification, or qualifications related to their ability to perform the responsibilities of this position as permitted by law

Under direct supervision, perform routine actuarial analysis to provide insight to corporate and insurance operations regarding reserve adequacy, pricing and profitability. The Actuarial Analyst will:

• Expand actuarial skills and apply them to assist with actuarial rate reviews and reserve analysis
• Provide supporting materials to secure regulatory approval of company rates
• Collect and analyze historical data from company’s data warehouse system to draw valid conclusions and make recommendations
• Assist with research to identify and incorporate emerging trends, competitive conditions and operational changes into analyses
• Assist with creating and refinement of pricing and forecasting templates
• Clearly communicate results of analyses to internal business partners with varying degrees of technical expertise
• Develop ad-hoc reports to address business or product related questions
• Perform industry related research as requested
• Support Implementation of new products