Associate Actuary

Our Commercial Lines Actuarial department is seeking an Associate Actuary for Commercial Auto to join our growing team in Worcester, MA Corporate Headquarters, or remote work location.

POSITION OVERVIEW:

This role within the Commercial Lines Actuarial department will have pricing responsibility for the Commercial Auto line of business for Small Commercial and Middle Market. This role will report to the Actuarial Manager of Commercial Auto. The Commercial Auto book is over $300 Million and is one of the most profitability-challenged lines in the industry, requiring an innovative, analytical, and business-oriented actuarial approach. This role will have ratemaking responsibilities including rate indications, loss trend, loss ratio projections, account segmentation, and other initiatives. Additionally, this role will be responsible for leading several state rate revisions, forecasting IBNR, and leveraging predictive analytics to implement a new product and pricing platform. This role requires effective communication skills as there will be a high level of collaboration with the business (State Management, Underwriting, field leadership etc.) to support profitable growth across the Core Commercial organization. This is a Full-time, Exempt role.

IN THIS ROLE, YOU WILL:

Be responsible for actuarial rate indications and actuarial assumptions Lead annual rate revision analyses, filings, and objection management Leverage predictive analytics to implement new auto product and pricing platform Monitor and analyze profitability and provide thoughtful recommendations to business partners Effectively communicate technical analysis to business partners and upper management Analyze the book of business and collaborate with field leadership to understand relevant activities and trends Collaborate with other Commercial Lines actuarial pricing teams Incorporate industry and other external benchmarks into analyses Build efficiencies and improvements into existing processes May lead or participate in community recruiting and/or training activities

WHAT YOU NEED TO APPLY:

Bachelor’s Degree or higher in a relevant technical field Five or more years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or predictive modeling. Experience with predictive modeling preferred ACAS Designation or higher or equivalent work experience Possesses a detailed understanding of actuarial concepts/methods and the ability to research and employ new techniques depending on project requirements. Advanced skills using Microsoft Office, including Excel Intermediate programming skills (SQL preferred), including the ability to develop and automate processes Advanced communication skills; ability to communicate technical concepts to non-technical audiences Ability to multitask and meet all deadlines with quality product

Originally posted on Himalayas