Associate Actuary - Pricing

Coverys; Boston (MA); On-site; USD 115,000 - 155,000; Full time

Job summary

Coverys seeks an Associate Actuary in Boston to apply actuarial concepts to analyze insurance premium, claims and exposures. The role involves advising clients, leading initiatives, and mentoring junior team members.

The position requires a Bachelor’s degree and ACAS, with 5+ years of related experience. Proficiency in Excel and data tools (Tableau/R/SAS/Python/SQL) is essential.

Qualifications

• Bachelor's degree required; 5+ years of related experience and/or training required.
• ACAS is required.
• Ability to interpret and analyze various types of data.
• Ability to write reports and correspondence.
• Ability to present analytical analyses to diverse groups.
• Strong proficiency with Microsoft Office; advanced Excel skills.

Responsibilities

• Design and Methodology: Develop actuarial templates and recommend methodologies.
• Thought Leadership: Lead initiatives to improve team tools and processes.
• Project Management: Manage actuarial projects, ensuring timely completion.
• Peer Review: Conduct thorough peer reviews for accuracy and reliability.
• Model Augmentation: Enhance and update actuarial models.
• Innovative Analysis: Perform analyses on unfamiliar topics and adapt methods.
• Justification and Communication: Explain actuarial work clearly.
• Team Collaboration: Communicate across the team and mentor juniors.

Skills

ACAS

Actuarial analysis

Data interpretation

Presentation to groups

Report writing

Education

Bachelor's degree

Tools

Tableau

R

SAS

Python

SQL

Excel

Job description

Position Summary

The Associate Actuary applies actuarial concepts to analyze insurance premium, claim and exposure information. Provide analyses and commentary to our internal and external customers. Recommends methodology changes and leads team initiatives.

• 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.
• Bachelor's degree required; 5+ years of related experience and/or training required.
• ACAS 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 required to analyze and present actuarial information (Word, Access, PowerPoint, etc.) Advanced knowledge of Microsoft Excel.
• Working knowledge of other tools such as Tableau, R, SAS, Python or Microsoft SQL, which includes data extraction and manipulation.

Position Summary

The Associate Actuary applies actuarial concepts to analyze insurance premium, claim and exposure information. Provide analyses and commentary to our internal and external customers. Recommends methodology changes and leads 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 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 required to analyze and present actuarial information (Word, Access, PowerPoint, etc.) Advanced knowledge of Microsoft Excel.
• Working knowledge of other tools such as Tableau, R, SAS, Python or Microsoft SQL, which includes data extraction and manipulation.

Base salary range is $114,650 - $155,110. Individual compensation packages are based on a variety of factors that are unique to each candidate including location, skill set, experience, qualifications and education.

If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!