Actuarial Analyst II

Purpose:

Provide required technical expertise in the appropriate evaluation of risk and profitability based on sound actuarial and statistical principles and techniques.

Roles & Responsibilities:

Because this role is a part of the rotation program within Predictive Analytics and Actuarial Services, initial emphasis will be on building Pricing models using R.

• Prepare and complete actuarial and/or predictive modeling analysis appropriate for the functional area. May include ultimate loss projections, pricing studies, rate filings, risk capital modeling, portfolio analysis, and research projects or claims analytical studies.
• Participate in the development of actuarial presentations and present results/topics to managers or other team members.
• Completion of required data preparation, including data input. Identify data issues requiring specialized actuarial attention.
• Document and communicate results and alternatives to actuarial staff and internal customers.
• Modify existing R based tools and expand knowledge of relevant software, tools and technology such as Databricks, DevOps, Earnix, etc.
• Participate in the development of new methodologies, products, and procedures.
• Complete peer reviews.
• Prepare for and pass actuarial exams.
• May assist in the training of new actuarial analysts and/or data scientists.

Required Technical Skills:

• Strong analytical abilities including understanding of advanced mathematics and statistical concepts including GLMs, Principal Component Analysis, Clustering techniques, and Regularization techniques.
• Strong background in Statistical programming in R, Python or related software for modeling and other analyses. General programming and data knowledge including SQL.
• Strong command of Excel (including VBA and macros) and other computer and MS Office Suite applications.
• Proven ability to pass actuarial exams.

Skills / Knowledge / Experience:

Level I

• Basic knowledge and understanding of actuarial and predictive modeling techniques and property/casualty insurance and reinsurance.
• Still acquiring higher level skills.

Level II

• Strong technical actuarial and statistical skills.
• Assists in the training of new actuarial analysts.
• Still acquiring higher level skills.
• Two or more years of insurance/actuarial experience.
• A graduate degree in physics, engineering, applied mathematics, or statistics may be substituted for experience.

Education, Certifications & Designations:

Level I: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis. GPA 3.2 or higher. Passed at least 1 exam for CAS designation

Level II: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis. GPA 3.2 or higher. Passed a minimum of 3 exams for CAS designation. A graduate degree in physics, engineering, applied mathematics or statistics may be substituted for 1 actuarial exam.

Insurance Benefits:

• Two options for your health insurance plan (PPO or High Deductible)
• Prescription drug coverage (included in your health insurance plan)
• Vision and dental insurance plans
• Short and Long Term Disability coverage
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)

Additional Benefits:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
• Eligibility to receive a yearly bonus as a Munich Re employee
• A variety of health and wellness programs provided at no cost
• A hybrid environment that gives you a choice in where and how you get work done
• A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
• An on-site complimentary workout facility as well as walking trails on campus grounds
• On-site wellness center complete with nurse practitioner
• Financial assistance for adoptions and infertility treatment
• Paid time off for eligible family care needs
• Tuition assistance and educational achievement bonuses
• Free parking
• A corporate matching gifts program that further enhances your charitable donation
• Paid time off to volunteer in your community

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.