Actuarial Assistant

Farm Bureau Financial Services; West Des Moines (IA); On-site; USD 60,000 - 75,000; Full time

Job summary

Farm Bureau Financial Services seeks an Actuarial Assistant on the P/C Pricing team to support rate reviews and pricing initiatives. The role requires at least two years of actuarial work experience and progress on actuarial exams.

The candidate will use SQL, R and Excel to analyze data, develop recommendations, and ensure pricing structures comply with insurance regulations. A collaborative, detail-oriented self-starter thrives here.

Qualifications

• Two years actuarial work experience required.
• Successful completion of 3 actuarial exams and progress within 2 years.
• Strong technology knowledge with SQL and R for actuarial problems.
• Expert Excel, Word, and Access proficiency.
• Knowledge of Property/Casualty insurance industry preferred.
• Team-focused and able to work in a collaborative environment.
• Self-starter who is detail oriented and can prioritize multiple tasks.

Responsibilities

• Assist with review and quantification of pricing initiatives and rating reviews.
• Develop recommendations supporting changes to pricing.
• Ensure compliance of rating structures and rates with insurance regulations.
• Support Product Development & Pricing with analysis of rate reviews and variables.

Skills

Self-starter

Detail oriented

Prioritize multiple tasks

Education

Actuarial exams (progress)

Tools

SQL

R

Excel

Word

Access

Job description

Actuarial Assistant

Will be filled at the appropriate level based on experience

Would you like a career where you can develop your skills and take advantage of new opportunities? Do you have property/casualty insurance experience and are a strong data driven professional? Are you a self-starter who is detail oriented and able to prioritize multiple projects? If so, this actuarial opportunity could be a great fit for you!

Who We Are:

With Farm Bureau Financial Services, our client/members can feel confident knowing their family, home, cars, and other property are protected. We value a culture where integrity, teamwork, passion, service, leadership and accountability are at the heart of every decision we make and every action we take. We’re proud of our more than 80-year commitment to protecting the livelihoods and futures of our client/members and creating an atmosphere where our employees thrive.

What You’ll Do:

As an Actuarial Assistant on our P/C Pricing team, you will be responsible for assisting with the review and quantification of initiatives and rating reviews, and developing recommendations supporting such changes.You will be involved with ensuring compliance of rating structures and rates to insurance regulations.

The P/C Product Development & Pricing Department is responsible for assisting the company in providing sound insurance products that will best serve Farm Bureau client/members. This is accomplished by providing senior management with superior analysis of “decision making” data affecting product costs. This includes performing rate reviews and analyzing current and proposed rating variables.

What It Takes to Join Our Team:

• At least two years actuarial work experience and proven performance on the job required.
• Successful completion of 3 actuarial exams and additional exam progress within 2 years.
• Strong technology knowledge and skills to effectively use in solving actuarial and business-related problems – including SQL, R, and/or other programming languages.
• Expert knowledge and substantial working experience with Excel, Word, Access and other applicable tools and be able to apply to actuarial related problems.
• Knowledge of the Property/Casualty insurance industry and the ability to apply actuarial skills to address broad-based insurance problems.
• Be team focused and be able to work in a collaborative work environment.
• A self-starter who is detail oriented and able to prioritize multiple tasks.
• Proven ability to do in-depth analysis, problem solve, and use organizational skills to address complex issues.

What We Offer You:

When you’re on our team, you get more than a great paycheck. You’ll hear about career development and educational opportunities. We offer an enhanced 401K with a match, low-cost health, dental, and vision benefits, and life and disability insurance options. We also offer paid time off, including holidays and volunteer time, and teams who know how to have fun. Add to that an onsite wellness facility with fitness classes and programs, a daycare center, a cafeteria, and for many positions, even consideration for a hybrid work arrangement.

Work Authorization/Sponsorship

Applicants must be currently authorized to work in the United States on a full-time basis. We are not able to sponsor now or in the future, or take over sponsorship of, an employment visa or work authorization for this role. For example, we are not able to sponsor OPT status.