Actuary or Senior Actuary (Remote)

Oliver James Associates Ltd.; Michigan; Remote; USD 90,000 - 130,000; Full time

Job summary

A leading company seeks an Actuary or Senior Actuary to manage and direct actuarial and predictive modeling efforts to support its financial goals. The role involves developing methodologies, overseeing complex analyses, and leading cross-functional projects. Candidates need solid actuarial experience, technical expertise in modeling, and proficiency in relevant software.

Qualifications

• Typically, six or more years of (re)insurance/actuarial experience.
• Ability to manage and develop solutions using actuarial methodologies and predictive modeling.
• Preferred experience in pricing.

Responsibilities

• Perform actuarial and predictive modeling analyses relevant to the functional area.
• Lead projects involving multiple resources, including cross-functional team members.
• Facilitate communication, documentation, and coordination between actuarial teams and internal/external colleagues.

Skills

Proficiency in MS Office Suite

Actuarial software

Predictive modeling

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 teams to provide strategic direction. Lead projects related to the development and updating of actuarial/predictive models and databases through formula development, research on methodologies, and technical collaboration.

Roles & Responsibilities:

• Perform actuarial and predictive modeling analyses relevant to the functional area.
• Include activities such as rate filings, loss projections, pricing studies, risk capital modeling, portfolio analysis, and research projects.
• Lead projects involving multiple resources, including cross-functional team members.
• Oversee modifications and enhancements to existing applications to address specific issues.
• Coordinate and prioritize actuarial and predictive modeling tasks.
• Manage data preparation, input, and address complex data and operational issues requiring actuarial expertise.
• Facilitate communication, documentation, and coordination between actuarial teams and internal/external colleagues.
• Lead the development of new methodologies, products, and procedures, maintaining awareness of industry trends.
• Review and provide feedback on technical actuarial and predictive modeling work; mentor less experienced staff.
• Participate in training others on model usage, study interpretation, and results communication.
• Manage the work of non-direct reports such as actuaries, modelers, programmers, and support staff.
• Prepare for and pass actuarial exams.
• Maintain ongoing continuing education per the US Qualification Standard.
• Ensure compliance with Actuarial Standards of Practice.
• Maintain and share expert-level technical skills and concepts, adapting to changing products and market dynamics.
• Apply judgment and problem-solving skills to complex, high-profile issues.

Required Technical Skills:

Proficiency in MS Office Suite 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 the ability to manage and develop solutions using actuarial and predictive modeling. Pricing experience is preferred.