Actuarial Analyst

Captive Resources; Itasca (IL); Hybrid; USD 70,000 - 75,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k)

Life and AD&D

Short-term disability

Long-term disability

Job summary

Captive Resources in Itasca, IL is seeking an Actuarial Analyst to assist in setting rates for insurance products. You will extract and analyze premium and loss data, develop pricing proposals, and prepare reports for decision-making.

The role requires a Bachelor's in Actuarial Science, Mathematics, Statistics, or related field; strong Excel skills; and the ability to translate actuarial research into written recommendations. Hybrid work at our corporate office.

Qualifications

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or business-related discipline
• Strong Excel skills and data analysis abilities
• Detail oriented with high accuracy and strong communication skills
• Ability to translate actuarial research into written recommendations

Responsibilities

• Support the rate review process by preparing rate indications, analyzing specific components of rating, developing pricing proposals and calculating impacts
• Provide data to support underwriting decision-making
• Assist with analysis on project initiatives
• Evaluate success and drive continuous improvement in product enhancements
• Solve complex business problems by leveraging analytical and actuarial techniques
• Provide support in the preparation and presentation of materials for clients
• Perform statistical data analysis in support of new product development
• Analyze market, industry, competitor, legal, and regulatory trends and provide actionable insights

Skills

Excel proficiency

Data analysis

Communication skills

Time management

Team collaboration

Problem solving

Risk understanding

Actuarial research

Education

Bachelor's degree in Actuarial Science

Tools

Excel

Job description

Hybrid - Corporate Office
Itasca, IL 60143, USA

• Pay or shift range: $70,000 USD to $75,000 USD
  Our benefits include medical, dental, vision, Rx, 401(k), life and AD&D, short-term and long-term disability, and more. Please visit our website for more information.

Description

The Actuarial Analyst will assist in setting rates for various insurance products. This may include extracting and analyzing premium and loss data, using applications and statistical programs, evaluating results for reasonability, and communicating observations to help achieve goals. Assist in developing and enhancing products, designing reports to improve decision-making, forecasting and assessing industry trends and presenting findings and recommendations to senior management.

EDUCATION AND EXPERIENCE: Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or business-related discipline

SKILLS/COMPETENCIES REQUIREMENTS:

• Works well independently and in a team environment
• Detail oriented and high level of accuracy
• Strong interpersonal and communication skills
• Advanced skills in Microsoft Excel
• Organization, planning and prioritization skills
• Strong analytical, problem solving and judgment skills
• Effective time management skills, including the capability to balance multiple projects with competing deadlines
• Takes initiative on projects and assignments
• Strong mathematical skills, and a deep understanding of risk management
• Ability to translate actuarial research into written recommendations

ESSENTIAL DUTIES AND REPONSIBILITIES:

• Support the rate review process by preparing rate indications, analyzing specific components of rating, developing pricing proposals and calculating impacts
• Provide data to support underwriting decision-making
• Assist with analysis on project initiatives
• Evaluate success and drive continuous improvement in product enhancements
• Solve complex business problems by leveraging the analytical and actuarial techniques
• Provide support in the preparation and presentation of materials for clients
• Perform statistical data analysis in support of new product development
• Analyze market, industry, competitor, legal, and regulatory trends and use these to provide actionable insights that drive the business of both the company and its customers
• Gather and compile statistical data via Excel, Access, or data management programs, to develop reports facilitating and supporting pricing, reinsurance reporting, and valuation function

Qualifications

Education

Required

Bachelors or better.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.