Actuary Analyst I

The Actuarial Analyst I is an entry-level role that supports insurance product analysis, pricing work, financial forecasting, and actuarial reporting to help advance company goals for profitability and growth. Working under the guidance of senior actuarial staff, this role assists with analyzing product profitability, modeling risks, and identifying process improvements that enhance efficiency. The analyst will build technical and business skills while supporting work with internal teams and, as needed, external stakeholders, including auditors, consultants, and regulatory bodies, to help ensure compliance and accuracy in actuarial work.

RESPONSIBILITIES

• Supports the development of products, rates, rating plans, pricing strategies, and financial forecasts under the guidance of senior actuarial staff to help achieve company-wide objectives for profitability and growth. • Assists in modeling and analyzing product profitability and associated risks. • Assists in analyzing and presenting pricing findings; learns to test new approaches and improve the accuracy of projections. • Assists with identifying and implementing process improvements to increase efficiency. • Supports ad hoc analyses for the product team. • Support claims analyses. • Assists in analyzing trends, factors, and issues that impact results and supports the development of recommended action plans. • Assists with forecasting business expenses. • Assists in producing quarterly rate level indications and helps communicate changes in indications and the key drivers of those changes. • Assists with reviewing loss development patterns and supports the selection process for each product. • Supports coordination with the Product Department to prepare necessary documentation for state filings and assists with responses to Departments of Insurance, as required, including but not limited to RLIs (Rate level indications) and state-required exhibits (excess profit, excess expense, and actuarial certifications • Supports collaboration with third-party consultants as necessary. • Supports auditors with information requests as required. • Applies actuarial and technical knowledge to support process improvements. • Assists with all aspects of predictive modeling, including scope, data construction, modeling, and implementation. • Assists with the quarterly reserve analysis. • Assists with preparing monthly reserving reports. • Assists with preparing monthly estimated loss ratio reports for the accounting team. • Assists with preparing monthly estimated loss ratio reports for the accounting team. • Assists the accounting team in producing annual statements. • Reviews own work for accuracy and incorporates feedback from senior team members. • Participates in training and development to build actuarial, technical, and business knowledge, including progress toward CAS exams. • Other duties as assigned.