AAA The Auto Club Group is a leading provider of membership, travel, insurance, and financial services. They are seeking an Actuarial Analyst II to develop pricing and reserving for property/casualty insurance products, analyze data, and prepare necessary documentation and reports.
Responsibilities
- Analyze data, develop material and prepare appropriate communications
- Compile and organize data for actuarial review
- Prepare reports, proposals, system documents, filing support and documentation files
- Provide support to projects as required
- Formulate and interpret mathematical ratemaking and/or reserving models using available tools
- Perform ad hoc analyses, including classification, inflation, and tail factor analyses, for current and future products
- Support state and regulatory filings and respond to inquiries from auditors/DOIs
- Work with IT and business technical support in gathering and verifying data for rate indications, rate revisions, reserve indications and special projects
- Apply actuarial methods and principles to obtain indications, complete projects, analyze results and make recommendations
- Research suitable trend indications for analysis
- Communicate effectively with others in a work environment and make oral presentations to business units
- Represent the department on inter-department teams
- Execute the scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience
- Analyze and prepare competitive product and rate comparison reports
- Analyze competitor’s rate structures and coverage
- Develop and prepare competitor rate manual analysis
Skills
- Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field
- Successful completion of two or more actuarial examinations
- Maintain eligibility in the Actuarial Professional Development Program following department guidelines
- 18 months (1.5 yrs) of experience in an actuarial environment to include: Analyzing technical studies and data and drawing sound conclusions
- Calculating premium or reserves for new or existing products
- Performing research and statistical analysis to complete assignments
- PC software applications (e.g. Word, Excel, PowerPoint, etc.)
- Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusions
- Prepare presentation of material
- Manage workflow to achieve multiple goals
- Work individually and as part of a team
- Apply actuarial methods and principles to obtain indications, complete projects, analyze results and make recommendations
- Insurance industry terminology and concepts
Benefits
- 401k Match
- Medical
- Dental
- Vision
- PTO
- Paid Holidays
- Tuition Reimbursement
Company Overview
AAA - The Auto Club Group (ACG) is the second largest AAA club in North America, serving more than 13+ million members across 14 U.S. It was founded in 1901, and is headquartered in Dearborn, MI, US, with a workforce of 5001-10000 employees. Its website is http://aaa.com.
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