Senior Actuarial Analyst

Greater New York Insurance Companies; New York (NY); Hybrid; USD 86,800 - 160,700; Full time

Benefits offered by this job

Annual discretionary bonus based on performance

Job summary

A leading insurance provider offers a predominantly remote position requiring presence in NYC every Wednesday. The role focuses on automating profitability and loss trend analyses, utilizing AI and visualization tools. Candidates must possess a bachelor's degree in Actuarial Science or similar, with 4+ years of experience and proficiency in Python, SQL, and Excel VBA. The salary range is $86,800 - $160,700, reflecting various factors including performance and experience.

Qualifications

• Minimum 4 years of professional experience in the actuarial field.
• Minimum 5 passed actuarial exams and working towards completion of ACAS or FCAS.
• Working knowledge of AI applications is preferred.

Responsibilities

• Automate the ratemaking process for state rate filings.
• Conduct profitability and loss trends analyses.
• Perform ISO circular rate impact analysis.

Skills

Problem-solving skills

Programming skills

Ability to learn new programming languages

Communication skills

Collaboration skills

Flexibility

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

Master’s Degree (preferred)

Tools

Python

SQL

Excel VBA

PowerBI (preferred)

Job description

Predominately remote position with a requirement to be in the NYC office every Wednesday.

Position Summary

The purpose of this job is to automate profitability and loss trends analyses, perform ISO rate impact analyses and conduct statewide rate filings for pricing adequacy and provide competitive pricing insights to enhance profitability. This role also integrates pricing tools and actuarial analyses by utilizing AI and visualization tools.

Essential Duties And Responsibilities

• Perform and automate ratemaking process for state rate filings by using AI and advanced programming skills for commercial lines of business, including Commercial Property, General Liability, Workers Compensation and Commercial Auto.
• Perform and automate industry and company profitability analyses as well as loss trends analyses.
• Perform and automate ISO circular rate impact analysis for various states.
• Integrate and transform actuarial results by using AI and data visualization tools (e.g. PowerBI) to facilitate communications with senior management and underwriters.
• Provide pricing strategy and market intelligence insight.
• Participates in special projects and performs additional duties as requested.

Qualifications

Education and Experience

• Bachelor's degree from an accredited institution in Actuarial Science, Mathematics, Statistics or a related field required. Master’s Degree preferred.
• Minimum 4 years of professional experience specialized in the actuarial field required.
• Minimum 5 passed actuarial exams required and working toward completion of ACAS or FCAS.
• Proficiency in Python, SQL and Excel VBA required.
• Working knowledge of AI applications and PowerBI preferred.

Skills

• Excellent problem-solving and programming skills.
• Strong ability to quickly learn new programming languages and AI applications.
• Ability to exchange ideas and convey complex information clearly and concisely, both verbal and in writing.
• Strong business and collaboration skills and responsive to service needs and operational demands.
• Flexibility, resourcefulness, optimism, and a growth mindset.

The salary range for this role is $86,800 - $160,700. The listed annual salary range posted for this position is subject to change and may vary depending on performance, education, experience, skills, geographic location, travel requirements, demonstrated proficiency in the competencies required for the role and business needs. Base pay is just one component of GNY’s total compensation package for employees. Other rewards include eligibility for an annual discretionary bonus based on performance.