Associate Actuary - Pricing

Coverys, Inc.; Boston (MA); On-site; USD 131,845 - 155,110; Full time

Job summary

Coverys, Inc. is seeking an Associate Actuary to apply actuarial concepts in analyzing insurance data. This role involves leading initiatives, managing projects, and enhancing analytical methodologies.

Candidates should possess a Bachelor’s degree, at least 5 years of related experience, and an ACAS, ASA, or AIA credential. Familiarity with Excel and other data manipulation tools is required. The position offers a competitive salary range between $131,845 and $155,110.

Qualifications

• Bachelor’s degree required.
• 5+ years of related experience and/or training required.
• ACAS, ASA, or AIA credential required.
• Advanced knowledge of Excel; working knowledge of data tools.

Responsibilities

• Develop actuarial templates and recommend methodologies.
• Lead initiatives to improve team tools and processes.
• Manage actuarial projects ensuring completion.
• Conduct thorough peer reviews of actuarial work.
• Enhance and update existing actuarial models.
• Perform innovative analyses on unfamiliar topics.
• Justify and explain actuarial work and decisions.
• Communicate effectively across the team.

Skills

Data interpretation and analysis

Report writing

Presentation skills

Microsoft Office proficiency

Knowledge of Tableau

R programming

SAS knowledge

Python knowledge

Microsoft SQL knowledge

Education

Bachelor's degree

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Access

Job description

Position Summary

The Associate Actuary applies actuarial concepts to analyze insurance premium, claim, and exposure information. They provide analyses and commentary to internal and external customers, recommend methodology changes, and lead team initiatives.

Essential Duties & Responsibilities

• Design and Methodology: Develop actuarial templates and recommend methodologies to enhance analytical processes.
• Thought Leadership: Lead initiatives to improve team tools and processes, serving as a thought leader within the team.
• Project Management: Manage actuarial projects, ensuring timely and accurate completion.
• Peer Review: Conduct thorough peer reviews of actuarial work to ensure accuracy and reliability.
• Model Augmentation: Enhance and update existing actuarial models to improve their effectiveness.
• Innovative Analysis: Perform and improvise analyses on unfamiliar topics, determining appropriate methods and deviating from standard tools/formulas when necessary.
• Justification and Communication: Justify and explain actuarial work and decisions clearly and effectively.
• Team Collaboration: Communicate effectively across the team, ask for help when needed, and mentor junior team members.

Education, Experience, Competencies & Values

• Bachelor’s degree required.
• 5+ years of related experience and/or training required.
• ACAS, ASA, or AIA credential required.
• Ability to interpret and analyze various types of data.
• Ability to write reports and correspondence.
• Ability to present analytical analyses and concepts to diverse groups.
• Microsoft Office proficiency (Word, Access, PowerPoint, Excel) required.
• Advanced knowledge of Excel; working knowledge of Tableau, R, SAS, Python, or Microsoft SQL for data extraction and manipulation.

Compensation

Base salary range is $131,845 - $155,110. Individual compensation packages are based on a variety of factors unique to each candidate, including location, skill set, experience, qualifications, and education.

Equal Opportunity Employer

Coverys is an equal‑opportunity employer. Coverys’ job openings are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status, or veteran status.