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EMC Insurance Companies, also known as Employers Mutual Casualty Company and EMC Insurance Group, is one of the United States' top 60 property/casualty insuranc
Senior Actuarial Analyst – Predictive Modeling
Location
Iowa
Posted
135 days ago
Salary
$72.7K - $99.8K / year
Seniority
Senior
Job Description
Senior Actuarial Analyst – Predictive Modeling
EMC Insurance Companies
• Performs moderately complex actuarial work for ratemaking, reserving and/or modeling • Completes and coordinates the completion of pricing, reserving, and/or modeling work assignments including data preparation and analysis, and presents recommendations to key stakeholders • Applies industry standard methodologies and techniques for pricing, reserving, and/or modeling • Demonstrates methodologies and assumptions for other team members as appropriate • Tests, measures, and documents impacts of changes to methods, assumptions, and model variables • Researches market trends and emerging issues for potential impacts to EMC and opportunities for implementation • Ensures actuarial work conforms to professional standards • Recognizes, acknowledges, and documents assumptions, biases, and limitations • Detects and corrects errors in own and others’ work as identified in part of a peer review process • Utilizes Microsoft office products such as Excel, Word, PowerPoint, Power BI, as well as programming languages such as SQL to perform moderately complex pricing, reserving, and/or modeling analysis • Develops and maintains dynamic and macro driven Excel templates and data solutions for each line of business, state, and program • Addresses unique operational issues requiring special attention such as challenges posed by state regulatory requirements and/or changing economic environment
Job Requirements
- Bachelor’s degree in actuarial science, math, or statistics
- Two years of actuarial experience, relevant internship experience will be considered
- Completion of VEEs and at least two actuarial exams
- Strong knowledge of mathematics, probability, statistics, and financial mathematics
- Proficiency in Pricing or Reserving in at least 2 lines of business
- Strong knowledge of Microsoft office products (Excel, Word, Powerpoint, Power BI)
- Knowledge of at least one programming language, such as SQL preferred
- Strong analytical, investigation, and problem solving abilities
- Knowledge of P&C organization structure, including claims and underwriting processes
- Knowledge of basic accounting principles
Benefits
- Health insurance
- 401(k) matching
- Competitive paid time off plan
- Full day of volunteer time off annually
- Professional development and growth opportunities including tuition reimbursement
- Wellness initiatives to improve team member well-being and reduce health insurance costs
- Flexibility to dress for your day and opportunities for alternative work arrangements
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