Actuarial Analyst Job Description

Actuarial Analyst Job Description

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Actuarial analyst provides analysis using SQL, Microsoft Excel/VBA, Tableau, MicroStrategy, or SAS Analytics.

Actuarial Analyst Duties & Responsibilities

To write an effective actuarial analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included actuarial analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Designs and/or initiates analyses, compiles data and computes statistics for use in statistical rating studies
Active support for brokers in providing customer service
Provide actuarial analysis to develop loss model for client business, estimate reinsurance pricing, and determine effect of reinsurance
Help to guide and peer review junior actuaries’ work
Assist brokers and senior actuaries in designing program structures to meet client needs
Explain analyses in clear terms appropriate to the audience
Provide value-added service to clients as needed
Collaborate with IT professionals on project delivery
Assist in projects and initiatives throughout the retail business (eg
Account Analysis and Support

Actuarial Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Actuarial Analyst

List any licenses or certifications required by the position: SOA, S.O.A, EA, COBRA, IBNR, USMI, CFA, CMA, CPA, CAS

Education for Actuarial Analyst

Typically a job would require a certain level of education.

Employers hiring for the actuarial analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Mathematics, Statistics, Actuarial Science, Economics, Math, Finance, Education, Business, Engineering, Computer Science

Skills for Actuarial Analyst

Desired skills for actuarial analyst include:

Excel
SAS
Statistics
Mathematics
R
SQL
Microsoft Excel
Concepts
Discipline
VBA

Desired experience for actuarial analyst includes:

College degree (B.A
Successful completion of Society of Actuaries exams
Commitment to initiate studying for CAS credentials
Proficiency in MS Office with expert knowledge of EXCEL
Advanced computer modelling skills, higher level programing a strong plus (such as R and/or MATLAB)
Productivity in a team environment and collaboration is a core competency expected

Actuarial Analyst Examples

1

Actuarial Analyst Job Description

Job Description Example
Our company is looking for an actuarial analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for actuarial analyst
  • Participation in R&D efforts
  • Build strong relationships internally, both with associates more junior than yourself and with seniors
  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels whether in client meetings, on-site secondments at client sites or internal project meetings
  • Take initiative at an early stage and begin to build your network of peers within the industry
  • Assess analytics needs for the region
  • Implements actuarial measures with guidance
  • Participates in the development and calibration of the pricing tools supporting the products listed above
  • Prepare the actuarial specific exhibits for rate filings and coordinates with the filing unit
  • Prepares a variety of new standard reports, , new special reports for management, as needed, with the intention of transitioning report production to the data team once established
  • Compiles exhibits, explanations, justifications and statistical analysis for the submission of company rate filings, state filing forms and manual pages to the Insurance Departments
Qualifications for actuarial analyst
  • Bachelor’s Degree from a Four-Year College or University – Concentration in fields such as Mathematics, Actuarial Sciences, Economics
  • Actuarial or statistical modeling experience a strong plus
  • Actuarial exams and insurance industry experience are recommended
  • Business manners and skills good communication, presentation (written and oral) and relationship-building skills
  • Minimum two years’ experience in a business unit (e.g., pricing, actuarial, product) or combined experience and educational equivalent
  • Displays command of legal and regulatory requirements in area of assignment pricing procedures and methodologies
2

Actuarial Analyst Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of actuarial analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for actuarial analyst
  • Preparing actuarial reports and memorandums on various production and profitability statistics
  • Supporting & producing company business plan submissions to regional controller and regional actuarial counterpart
  • Highlight and communicate key opportunities and risks embedded in the plan to help management achieve targets that were set in the business plan
  • Support and produce financial forecasts / reforecasts to provide more understanding to management on estimated financial standing of company and areas and help senior management make well-informed decision in order to achieve company financial targets
  • Analyze the profitability of the Financial Lines business
  • Develop, implement, and maintain technical rating tools that will drive pricing sophistication and account tiering
  • Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities
  • Analyze individual major risk accounts and provide pricing indications on the submission
  • Monitor rate, exposure, retention, new, lost business changes
  • Assist in providing business solutions to maximize risk adjusted profit
Qualifications for actuarial analyst
  • College senior or graduate student majoring in Math, Computer Science, Economics, Statistics, or related field
  • At least one actuarial exam successfully completed is preferred, but not required
  • College GPA of 3.5 or better
  • Ability to think analytically, communicate clearly, and use computers effectively and accurately
  • With proper education credentials, no experience is required
  • Solid interpersonal skills and the ability to work in a team environment independently
3

Actuarial Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of actuarial analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for actuarial analyst
  • Conducts analysis in of several areas, including product development, financial modeling, financial reporting, risk analysis, and data analysis
  • Present and discuss findings of GCA analysis to other GCA members brokers
  • Continue to develop knowledge of GCA relevant disciplines
  • Interact with business actuaries based in London to build pricing models that meet the needs of the underwriters, implements corporate required metrics and supports database requirements for reporting
  • Working with the data team, ensure the Central Analytic Dashboard has access to model and source data
  • Work with product actuaries and underwriters to drive continuous improvement of existing models
  • Share innovative solutions with team to use with other models
  • Continue to progress towards credentialed actuary (FIA)
  • Support unit related initiatives
  • Communicate with internal clients via telephone and email
Qualifications for actuarial analyst
  • Authorized to work in the country to which you are applying on a permanent full-time basis
  • A minimum of 1-5 years of actuarial experience (preferably in commercial insurance/reinsurance pricing)
  • 1-5 CAS actuarial exams passed
  • An interest in the commercial impact of business generation, project delivery and team productivity within the consulting environment
  • Implementation of financial modelling systems
  • Successful completion of at least one Society of Actuaries examination
4

Actuarial Analyst Job Description

Job Description Example
Our innovative and growing company is hiring for an actuarial analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for actuarial analyst
  • Actively participating in development and enhancement of various pricing models
  • Professional development to attain Actuarial Credentials (ACAS, FCAS)
  • Creating portfolio monitoring processes to assist our business leaders with data driven decision making
  • Work in a team environment with underwriting, claims, financial, and marketing professionals
  • Routinely meet with carriers and reinsurers to assess their needs and potential solutions
  • Conduct a full range of actuarial and financial analysis to quantify program performance
  • Build detailed stochastic models of risks and contractual terms related to large accounts
  • Support accounting and financial reporting functions with respect to completed transactions
  • Development of basic mortality and policyholder behavior assumptions
  • Updating of assumption documentation
Qualifications for actuarial analyst
  • Bachelor’s degree in Actuarial Sciences
  • Minimum of 8 years of experience in P&C actuarial work
  • Be fully bilingual (French and English)
  • A minimum of 4 passes towards ACAS
  • The candidate will have a degree (min
  • Assisting the lead consultant on the delivery of strategic and day to day consulting advice that requires detailed ongoing client knowledge good working relationships with key client contacts
5

Actuarial Analyst Job Description

Job Description Example
Our innovative and growing company is hiring for an actuarial analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for actuarial analyst
  • Peer review and provide actuarial support for the pricing model development outside the U.S. and Canada to ensure consistent pricing framework and data capture
  • Create training materials on tools and provides recommendations to training and processes to management
  • Train junior analysts and/or summer interns
  • 25%) Programs and runs computer jobs to collect data and summarizes to assist in various actuarial functions
  • 15%) Gains familiarity about specific product lines, company operations, systems and actuarial methodology through completion of actuarial exams
  • Actively pursue actuarial accreditation including maintaining good standing in Actuarial Exam Program
  • Selecting IBNR for complex business units covering P&C and Specialty business segments for US & Canada
  • Providing information for SOX and Reserve Audits
  • Managing and/or participating in special reserving projects
  • Peer reviewing analyses performed by other reserving actuaries
Qualifications for actuarial analyst
  • Strong knowledge and interest for computer & software skills, MS Office, VBA, SQL, Oracle, Unix
  • Actively working towards designation of a recognized actuarial society
  • 1-2 years of relevant actuarial experience required
  • 0-2 years' working experience in financial services industry, preferably with experience at
  • CAS designation (Exams, ACAS, FCAS) is preferred, but not requirement
  • 4 years or more years of experience in insurance related areas

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