Actuarial Analyst

Plymouth Rock Assurance; Boston (MA); On-site; USD 69,000 - 90,500; Full time

Benefits offered by this job

4 weeks paid time off + 9 paid holidays

Free onsite gym

Tuition Reimbursement

Excellent health insurance options

Robust health and wellness program

Insurance discounts

Matching gift opportunities

401(k) Employer Contribution

Paid Family leave options

Professional Development resources

Pre-Tax Commuter Benefits

Job summary

Plymouth Rock Assurance is seeking a motivated Actuarial Analyst to join their Boston-based team. This role involves using core actuarial skills to analyze data, support state rate filings, and collaborate with multiple departments to enhance operations.

The ideal candidate will possess strong analytical abilities, proficiency in Excel and coding, and a commitment to becoming a member of the Casualty Actuarial Society. Competitive salary range is $69,000 to $90,500 annually with many employee benefits available.

Qualifications

• 2+ years in an actuarial role, preferably within auto or homeowners insurance.
• Commitment to achieving membership in the Casualty Actuarial Society.
• Passing grades on at least 4 actuarial exams preferred.

Responsibilities

• Utilize actuarial skillsets including ratemaking and reserving.
• Analyze complex internal and external data.
• Support state rate filings with rate indications.
• Monitor competitive and regulatory environments for auto insurance.
• Collaborate with various departments for improvements.

Skills

Quantitative analysis

Effective storytelling

Project management

Problem-solving

Communication to technical/non-technical audiences

Excel proficiency

Coding skills (SQL, R, VBA, Python)

Education

Bachelor's degree or higher

Job description

Our Boston-based Actuarial team is seeking a self-motivated and creative Actuarial Analyst. The ideal candidate will have strong communication skills, an analytical mindset, and an eagerness to learn and implement new ideas into current operations.

Responsibilities

• Utilize core actuarial skillsets including ratemaking, and reserving
• Analyze complex internal and external data to understand drivers of trends and profitability
• Provide support for state rate filings, including building and supporting the rate indications
• Communicate effectively in writing and verbally, to support business outcomes
• Perform analyses to identify, test, and inform critical business decisions
• Collaborate with Product, Claims, and Finance to get work done and collect helpful feedback that can be used to improve actuarial estimates
• Monitor the competitive, and regulatory environment for auto insurance, proactively identifying emerging threats to our objectives and implementing solutions

Qualifications

• You know how to utilize quantitative approaches to generate sound business analyses
• You know how to gain alignment on your ideas through effective storytelling
• You know how to balance multiple projects at once, with a focus on accuracy and efficiency
• Experience developing and implementing new, creative and effective solutions to highly complex business issues
• Demonstrated problem solving experience gained through related coursework and work experience
• Ability to communicate effectively to both technical and non-technical audiences
• Proficiency in Excel and coding skills (SQL, R, VBA, or Python)
• Commitment to achieving membership in the Casualty Actuarial Society. Passing grades on at least 4 actuarial exams preferred.
• 2+ years in an actuarial role, preferably within auto or homeowners insurance
• Bachelors or higher-level degree

Salary Range

The pay range for this position is $69,000 to $90,500 annually. Actual compensation will vary based on multiple factors, including employee knowledge and experience, role scope, business needs, geographical location, and internal equity.

Perks And Benefits

• 4 weeks accrued paid time off + 9 paid national holidays per year
• Free onsite gym at our Boston Location
• Tuition Reimbursement
• Low cost and excellent coverage health insurance options that start on Day 1 (medical, dental, vision)
• Robust health and wellness program and fitness reimbursements
• Auto and home insurance discounts
• Matching gift opportunities
• Annual 401(k) Employer Contribution (up to 7.5% of your base salary)
• Various Paid Family leave options including Paid Parental Leave
• Resources to promote Professional Development (LinkedIn Learning and licensure assistance)
• Convenient location directly across from South Station and Pre-Tax Commuter Benefits

About The Company

The Plymouth Rock Company and its affiliated group of companies write and manage over $2 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 1,900 people and is headquartered in Boston, Massachusetts. Plymouth Rock Assurance Corporation holds an A.M. Best rating of "A-/Excellent".