Actuarial Analyst: Rate Setting & Insights (Hybrid)

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

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.