EIG Services Inc logo
EIG Services Inc

As a dynamic, fast-growing provider of workers' compensation insurance and services, we are seeking a goal-oriented individual willing to put their ideas to work! We offer a positive, challenging work environment, combined with an opportunity to build your career as you help us grow our business. EMPLOYERS attributes its long-standing success to its most valuable resource, our employees across the United States. Known for the quality service and expertise we provide to our clients, and the exemplary work environment we provide for our employees. We live and breathe our core values: Integrity, Customer Focus, Collaboration, Initiative, Accountability, Innovation, and Personal Fulfillment. Discover an energetic environment that inspires top achievement.

Actuarial Analyst II

Location

United States

Posted

47 days ago

Salary

$70K - $105K / year

Seniority

Mid Level

Bachelor Degree

Job Description

Actuarial Analyst II

EIG Services Inc

Role Description The Actuarial Analyst II position will participate in a broad variety of activities in support of a dynamic, expanding actuarial function in EMPLOYERS. This position compiles and analyzes company and industry data in support of actuarial functions like the development, pricing, control and administration of products offered by the company, in the estimation of current and future company assets and liabilities, and in the preparation of financial statements and other reports. This position may frequently interact independently with other departments to support various aspects of company operations. We expect this position to bring creative insights and a strong work ethic to move our actuarial initiatives forward. Essential Duties and Responsibilities - Complete assigned actuarial analysis, under minimal guidance, using advanced actuarial techniques. - Utilize actuarial systems and programming skills to access and organize data, perform applicable actuarial calculations, analyze moderate to complex information, evaluate results and accuracy of inputs, and update exhibits and slides. - Complete actuarial analysis and other assigned tasks on time, maintaining corporate and professional standards. - Suggest and implement improvements to existing processes/procedures. - Act as a technical and peer reviewer for others’ work, asking probing questions when needed. - Present analysis and/or provide technical and non-technical information to peers, senior staff, and other departments. - Manage small to medium-sized department projects including setting up meetings, keeping notes, and ensuring deadlines are met. - Request and provide respectful and candid feedback on technical and non-technical items. - Demonstrate knowledge of the link between one’s own job responsibilities and the overall organizational objectives. - Build constructive and effective relationships across the company, providing training and guidance to junior actuarial team members and other staff. Pricing Focus - Prepares or assists in preparing actuarial analysis and support, including: - Rate indications - Profitability Reviews - Development of new insurance products - Preparation and defense of rate and rule filings - Development and maintenance of pricing tools and dashboards - Transactional pricing/loss rating for large accounts - Predictive modeling work in the development of new versions of the pricing model - Analysis to determine the Budget Loss Ratio and other Financial Plan components - Cost Benefit Analyses for new business opportunities - Demonstrates knowledge of most of the areas listed above including expertise in at least three of these areas. Reserving Focus - Prepares or assists in preparing actuarial analysis and support, including: - Quarterly loss reserve analysis, on a gross and net-of-reinsurance basis - Company balance sheet liabilities - Quarterly/annual financial statements, including exhibits and reports - Quarterly/annual actuarial reports, including the Statement of Actuarial Opinion - Audit request materials - Data calls for NCCI, WCIRB, and other bureaus - Requests from actuarial pricing and other units - Demonstrates knowledge of the projects listed above, in addition to: - Internal and external (bureau) data sources - Actuarial methods - Demonstrates expertise in at least two of these projects/areas. Requirements - 2-5 years’ experience of actuarial related work. - Solid working knowledge of Excel, Word, and PowerPoint. - Current knowledge of or capacity for learning to use other software products such as SQL, VBA, R, Python, and/or commercial pricing and reserving tools. - Detail oriented and capable of working with minimal supervision. - Independent and creative in analyzing business results and developing appropriate solutions. - Effective written and verbal communication skills. - Must work well in a team-oriented, collaborative environment. Certification - Successful completion of five or more exams towards attaining ACAS/FCAS or equivalent certification is strongly preferred. Education - Bachelor’s degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business. - Master’s degree or higher is a plus. Work Environment - This role is a remote (work from home) opportunity, only open to candidates currently located in the United States and able to work without sponsorship. - Requires a suitable space that provides a private and quiet workplace. - Expected Work Hours: Schedules are set to accommodate the requirements of the position and the needs of the organization. - Travel may be required to off-site location(s) to attend meetings, as necessary. Salary Range - $70,000 - $105,000 and a comprehensive benefits package. Benefits - Comprehensive benefits package.

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