Actuary or Senior Actuary (Remote)

Oliver James Associates Ltd.; Michigan; Remote; USD 80,000 - 120,000; Full time

Job summary

A leading company is looking for an Actuary or Senior Actuary to manage and direct actuarial analysis and modeling to enhance financial profitability. The role involves overseeing projects, developing methodologies, and collaborating with management to ensure compliance and accuracy while mentoring less experienced staff.

Qualifications

• Six or more years of (re)insurance/actuarial experience, preferably with pricing experience.

Responsibilities

• Manage actuarial and predictive modeling analyses for various projects.
• Develop methodologies and products while overseeing team tasks.
• Ensure technical issue resolution and maintain expert actuarial standards.

Skills

Proficiency in MS Office

Actuarial software

Data analysis

Job description

Actuary or Senior Actuary

Purpose:

Manage and direct the development, analysis, evaluation, and modeling of potential solutions using actuarial and/or predictive modeling methods to support the company's financial profitability and production goals. Act as a high-level technical expert, collaborating with management and corporate areas to provide strategic direction. Lead projects related to the development and updating of actuarial and predictive models and databases, including formula development, methodology research, and technical collaboration.

Roles & Responsibilities:

• Conduct actuarial and predictive modeling analyses suited for the functional area, including rate filings, loss projections, pricing studies, risk capital modeling, portfolio analysis, and research projects.
• Lead projects involving multiple resources, including those outside your direct team.
• Oversee modifications and enhancements of existing applications to address specific issues.
• Coordinate and prioritize actuarial and predictive modeling tasks and resources.
• Ensure accurate data preparation, input, and address complex data and operational issues requiring actuarial expertise.
• Manage communication, documentation, and technical issue resolution between actuarial teams and internal/external stakeholders.
• Develop new methodologies, products, and procedures, maintaining awareness of industry trends and products.
• Review peer work, provide constructive feedback, and coach less experienced staff.
• Participate in training others on model use and result interpretation.
• Manage work for non-direct reports, including actuaries, modelers, programmers, and support staff.
• Prepare for and pass actuarial exams, maintaining continuing education as per the American Academy of Actuaries standards.
• Adhere to Actuarial Standards of Practice and maintain expert technical skills in actuarial and statistical concepts.
• Apply judgment and problem-solving skills to address complex, high-profile issues.

Required Technical Skills:

Proficiency in MS Office and actuarial software for reserving, ratemaking, pricing, stochastic modeling, and data analysis.

Skills / Knowledge / Experience:

Typically, six or more years of (re)insurance/actuarial experience, with pricing experience preferred.