Actuarial Analyst

Lamwork; United States; On-site; USD 70,000 - 90,000; Full time

Job summary

Lamwork is seeking an Actuarial Analyst to apply statistical modeling and risk analysis in insurance pricing and reserving. This role involves analyzing historical loss data, preparing actuarial documentation, and building pricing models.

The ideal candidate will possess strong technical proficiency in actuarial methods alongside effective communication skills to present complex data to non-actuarial stakeholders. Strong skills in statistical programming and attention to detail are essential.

Qualifications

• Deep technical proficiency in actuarial models and statistical programming.
• Strong analytical skills and attention to detail.
• Effective communication to present complex data clearly.

Responsibilities

• Analyze historical loss data for accurate rate indications.
• Prepare actuarial exhibits and documentation for regulatory submissions.
• Build and maintain pricing models and rating tools.
• Perform quarterly reserve reviews using accepted methods.
• Monitor underwriting activity and quantify financial impacts.

Skills

Statistical Programming (R, Python, or SAS)

Actuarial Modeling

Loss Reserving and Pricing Methods

Excel/VBA

SQL and Database Querying

Analytical Thinking

Attention to Detail

Technical Communication

Time Management

Professional Judgment

Job description

Actuarial Analyst roles apply statistical modeling and risk analysis to insurance pricing and reserving.

Actuarial Analyst Key Responsibilities

• Analyze historical loss data and exposure information to develop rate indications that reflect true risk costs across assigned lines of business.
• Prepare actuarial exhibits, rate filings, and supporting documentation that meet both internal review standards and state regulatory submission requirements.
• Build and maintain pricing models, rating tools, and reserving workbooks used by underwriters and actuarial teams for ongoing portfolio management.
• Perform quarterly reserve reviews by applying accepted loss development methods and projecting losses to ultimate across multiple business segments.
• Monitor underwriting activity and book‑of‑business changes, quantifying their financial impact on loss ratios, reserve adequacy, and overall portfolio performance.

Actuarial Analyst Required Skills

According to Lamwork's job market data, employers hiring Actuarial Analysts consistently prioritize both deep technical proficiency and the communication skills needed to make complex outputs accessible to non‑actuarial stakeholders.

• Hard Skills: Actuarial Modeling, Loss Reserving and Pricing Methods, Excel/VBA, SQL and Database Querying, Statistical Programming (R, Python, or SAS)
• Soft Skills: Analytical Thinking, Attention to Detail, Technical Communication, Time Management, Professional Judgment