Associate Actuary

Plymouth Rock Assurance; Boston (MA); On-site; USD 80,000 - 120,000; Full time

Benefits offered by this job

4 weeks accrued paid time off

Tuition Reimbursement

Health insurance options starting on Day 1

Fitness reimbursements

Auto and home insurance discounts

Annual 401(k) Employer Contribution

Paid Family leave options

Professional Development resources

Pre-Tax Commuter Benefits

Job summary

An established industry player is seeking a self-motivated Director of Recruitment to join their Boston Actuarial team. This role involves bringing statistical rigor into business processes, collaborating with Product Management, Claims, and Finance to enhance operational efficiency. The ideal candidate will leverage their analytical skills to assess business issues, forecast profitability, and mentor junior staff. Join a company that values innovation and employee development, offering a supportive environment where your contributions can lead to significant improvements in business results. This is a fantastic opportunity for those looking to make a meaningful impact in the insurance industry.

Qualifications

• 4-6+ years of experience in P&C insurance analysis with statistical techniques.
• Strong communication and project management skills are essential.

Responsibilities

• Conduct analysis to forecast impacts on profitability and rate needs.
• Collaborate with teams to assess premiums and losses.
• Mentor interns and junior staff in project work.

Skills

Statistical Analysis

Data Management

Communication Skills

Project Management

Programming Skills

Education

Associate of the Casualty Actuarial Society (ACAS)

Job description

2 days ago Be among the first 25 applicants

Direct message the job poster from Plymouth Rock Assurance

Director, Recruitment- Plymouth Rock Assurance

Our Boston Actuarial team is seeking a self-motivated and creative individual with a strong desire to work with Product Management, Claims, and Finance to bring statistical rigor and analysis into everyday processes. The ideal candidate will have a strong business sense and a proven track record of generating new ideas across an organization and implementing those into current operations. The individual in this position supports the Actuarial Manager and team by identifying business issues, performing analysis to understand the drivers of the issues, and making recommendations to improve overall business results. This includes performing analysis within a designated business segment to assess reserves and profitability of the segment as well as financial planning.

Responsibilities

• Conduct indications analysis, working with Product Managers to assess and forecast impacts of product, market, and economic changes on profitability and rate need.
• Collaborate with Finance and Product to forecast premiums and losses; assessing the expected variability in those forecasts.
• Conduct reserving analysis, using both traditional and non-traditional methods; develop new methods and incorporate them as warranted.
• Model weather events, economic changes and/or business mix changes and their impact on reserves and rate need.
• Estimate the impact of claim practices and business mix changes on reserves and reserve variability; develop and analyze key metrics and exhibits to facilitate this estimation.
• Effectively communicate results of analysis to peers and senior management across the organization, both in writing and in presentations.
• Maintain an external network within the insurance industry to track emerging trends and approaches to business issues.
• Provide supervision and training to actuarial interns and junior staff.
• Serve as a mentor to other department members on aspects of project work, insurance and general business knowledge.

Qualifications

• Associate of the Casualty Actuarial Society (ACAS).
• 4-6+ years of work experience in analyzing P&C insurance with practical application of statistical techniques and models.
• Excellent communication and interpersonal skills, allowing effective interaction with colleagues and executives.
• Excellent statistical, programming, and data management skills.
• Strong project management skills to carry ideas through to completion.

Perks and Benefits

• 4 weeks accrued paid time off + 9 paid national holidays per year.
• Tuition Reimbursement.
• Low cost and excellent coverage health insurance options that start on Day 1 (medical, dental, vision).
• Robust health and wellness program and fitness reimbursements.
• Auto and home insurance discounts.
• Matching gift opportunities.
• Annual 401(k) Employer Contribution (up to 7.5% of your base salary).
• Various Paid Family leave options including Paid Parental Leave.
• Resources to promote Professional Development (LinkedIn Learning and licensure assistance).
• Convenient location directly across from South Station and Pre-Tax Commuter Benefits.

About the Company

The Plymouth Rock Company and its affiliated group of companies write and manage over $2 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 1,900 people and is headquartered in Boston, Massachusetts. Plymouth Rock Assurance Corporation holds an A.M. Best rating of “A-/Excellent”.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Analyst and Product Management

Industries

Insurance