Actuary or Senior Actuary (Remote)

Oliver James; Michigan; Remote; USD 100,000 - 150,000; Full time

Job summary

A leading company in the insurance sector is seeking an Actuary or Senior Actuary to manage and develop predictive models that enhance profitability. The role involves leading teams, conducting complex analyses, and ensuring adherence to actuarial standards, making it ideal for candidates with strong technical expertise and experience in the field.

Qualifications

• Minimum six years of actuarial experience in (re)insurance.
• Proficient in predictive modeling and analysis methodologies.
• Expertise in communication and training for junior staff.

Responsibilities

• Direct the development and analysis of actuarial models.
• Lead projects requiring multiple resources and manage communications.
• Peer review technical work and provide coaching to less experienced employees.

Skills

Predictive modeling

Communication

Analytical skills

Education

Actuarial exams passed

Tools

MS Office Suite

Actuarial software

Job description

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Purpose

Manage/direct the development, analysis, evaluation and modeling of potential solutions using actuarial and/or predictive modeling methods and processes to support the financial profitability and/or production goals of the company by acting as a high level technical expert. Work with management and corporate areas to provide strategic direction. Lead projects associated with the development and update of Actuarial/predictive models and databases through formula development, research on methodologies, and collaboration on technical items.

• Complete actuarial and/or predictive modeling analyses appropriate for the functional area.
• May include rate filings, ultimate loss projections, pricing studies, risk capital modeling, portfolio analysis, and research projects.
• Lead projects/analysis requiring multiple resources including those who are not direct reports.
• Direct the modification and enhancement of existing applications to address specific issues.
• Coordinate and help focus and prioritize the use of actuarial and/or predictive modeling resources for tasks that are assigned.
• Direct the completion of required data preparation including data input. Identify complex data & operational issues requiring specialized actuarial attention and take action to address them.
• Manage and/or lead communication, documentation and coordination of information, resolution of technical issues, and activities between actuarial departments, as well as with internal & external colleagues (business units, IT, UMS, etc
• Lead in development of new methodologies, products and procedures for American Modern. Maintain current knowledge of trends and products in the (re)insurance industries.
• Peer review technical actuarial and/or predictive modeling work and provide constructive feedback as needed. Coach less experienced employees as needed.
• Participate or lead in the training of others (underwriters, product analysts, accountants, actuaries, claims associates) on the use of models/studies/reviews and the interpretation of the results.
• Manage the work for those who are not direct reports including other actuaries, predictive modelers, programmers and support staff as needed.
• Prepare for and Pass Actuarial Exams.
• Attain appropriate continuing education according to the US Qualification Standard issued by the American Academy of Actuaries.
• Ensure all work and work products adhere to applicable Actuarial Standards of Practice as promulgated by the American Academy of Actuaries.
• Maintain an expert level of technical actuarial and statistical skills and concepts. Adapt to varying and changing set of products and dynamics and provide the most efficient and effective methods appropriate for the functional area. Ability to share this knowledge with others.
• Demonstrate ability to apply judgment and problem solving skills to address different, complex and high profile issues.
  
  

Actuary or Senior Actuary

Purpose

Manage/direct the development, analysis, evaluation and modeling of potential solutions using actuarial and/or predictive modeling methods and processes to support the financial profitability and/or production goals of the company by acting as a high level technical expert. Work with management and corporate areas to provide strategic direction. Lead projects associated with the development and update of Actuarial/predictive models and databases through formula development, research on methodologies, and collaboration on technical items.

Roles & Responsibilities

• Complete actuarial and/or predictive modeling analyses appropriate for the functional area.
• May include rate filings, ultimate loss projections, pricing studies, risk capital modeling, portfolio analysis, and research projects.
• Lead projects/analysis requiring multiple resources including those who are not direct reports.
• Direct the modification and enhancement of existing applications to address specific issues.
• Coordinate and help focus and prioritize the use of actuarial and/or predictive modeling resources for tasks that are assigned.
• Direct the completion of required data preparation including data input. Identify complex data & operational issues requiring specialized actuarial attention and take action to address them.
• Manage and/or lead communication, documentation and coordination of information, resolution of technical issues, and activities between actuarial departments, as well as with internal & external colleagues (business units, IT, UMS, etc
• Lead in development of new methodologies, products and procedures for American Modern. Maintain current knowledge of trends and products in the (re)insurance industries.
• Peer review technical actuarial and/or predictive modeling work and provide constructive feedback as needed. Coach less experienced employees as needed.
• Participate or lead in the training of others (underwriters, product analysts, accountants, actuaries, claims associates) on the use of models/studies/reviews and the interpretation of the results.
• Manage the work for those who are not direct reports including other actuaries, predictive modelers, programmers and support staff as needed.
• Prepare for and Pass Actuarial Exams.
• Attain appropriate continuing education according to the US Qualification Standard issued by the American Academy of Actuaries.
• Ensure all work and work products adhere to applicable Actuarial Standards of Practice as promulgated by the American Academy of Actuaries.
• Maintain an expert level of technical actuarial and statistical skills and concepts. Adapt to varying and changing set of products and dynamics and provide the most efficient and effective methods appropriate for the functional area. Ability to share this knowledge with others.
• Demonstrate ability to apply judgment and problem solving skills to address different, complex and high profile issues.
  
  

Required Technical Skills

Proficient computer skills and application of MS Office Suite, including actuarial software used for reserving, ratemaking, pricing, modeling stochastic distributions or data analysis as appropriate.

Skills / Knowledge / Experience

Generally, six (6) or more years of (re)insurance/actuarial experience is required to possess the ability to manage/direct the development, analysis, evaluation and modeling of potential solutions using actuarial and/or predictive modeling methods and processes and to possess the skills to act as a high level technical expert.

Pricing Experience Preferred.

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Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Staffing and Recruiting

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