Senior Actuarial Analyst

Workers' Compensation Insurance Rating Bureau of California (WCIRB); Oakland (CA); Hybrid; USD 117,000 - 123,000; Full time

Job summary

A leading company in California is looking for a Senior Actuarial Analyst to perform data analysis, ratemaking, and develop data products. The role requires strong mathematical and programming skills, with a focus on accuracy and efficiency. This hybrid position allows for a mix of onsite and remote work, fostering a collaborative environment.

Benefits

Hybrid work environment

Medical, dental and vision benefits

Competitive PTO Program

401K and pension plan

Annual incentive plan

Social activities

Qualifications

• Minimum of two years’ experience as an Actuarial Analyst.
• Completion of Casualty Actuarial Society examinations through CAS Exam 5.

Responsibilities

• Auditing and compiling data for analysis and ratemaking.
• Performing actuarial analyses independently with minimal supervision.
• Communicating results to management and implementing actions.

Skills

Mathematics

Applied Statistics

Programming

Communication

Interpersonal Skills

Education

Bachelor's degree or above

Tools

Microsoft Office Suite

VBA

SQL

R

Job description

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Workers' Compensation Insurance Rating Bureau of California (WCIRB) provided pay range

This range is provided by Workers' Compensation Insurance Rating Bureau of California (WCIRB). Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$117,000.00/yr - $123,000.00/yr

Direct message the job poster from Workers' Compensation Insurance Rating Bureau of California (WCIRB)

For over a century, the Workers' Compensation Insurance Rating Bureau of California (WCIRB) has been California's trusted, objective provider of actuarially based information and research, advisory pure premium rates and educational services integral to a healthy workers' compensation system. The WCIRB is a California unincorporated, private, nonprofit association comprised of all companies licensed to transact workers' compensation insurance in California. The operations of the WCIRB are funded primarily by membership fees and assessments; no state money is used to fund its operations. The WCIRB is a stable company and a proven leader in the workers’ compensation insurance industry nationwide.

The WCIRB performs a number of functions to accurately measure the cost of providing workers' compensation benefits and ensure a healthy workers’ compensation system. To learn more about our company, please visit About Us | WCIRB California. The WCIRB employs approximately 175 people with the average tenure of over 10 years. We are committed to fostering a healthy, safe and diverse work environment leading to a dedicated, collaborative and innovative workforce This is a hybrid position where approximately 40% of the work time is spent at the home office in Oakland, California.

The WCIRB is seeking to fill the role of Senior Actuarial Analyst.

Expected compensation is between $117,000---$123,000.

The Senior Actuarial Analyst is responsible for (1) auditing and compiling data for analysis and ratemaking, (2) performing various analyses and ratemaking functions, and (3) the development and maintenance of data products and reports.

Essential Duties and Responsibilities:

• Collects and compiles aggregate data for ratemaking and research, and performs thorough review of both aggregate and individual insured data for errors, anomalies, and changing trends.

• Corresponds verbally, as well as in writing, with WCIRB members and other customers such as the insurance department and governmental agencies, on complex technical and data quality issues.

• Interacts and communicates with representatives of other units of the WCIRB on various data-related and operational projects and issues.

• Performs various studies of experience by classification.

• Performs peer review of other analysts’ work.

• Independently performs thorough actuarial analyses of aggregate data, applying judgment and discretion in the analyses, identifying trends and cost drivers, communicating results to management, and implementing recommended actions for the production of reports and presentations.

• Supervises and engages in the development of new data products and services and oversees the fulfillment of data requirements pursuant to statutory and regulatory mandates and other business requirements.

• Performs detailed actuarial studies independently with minimal or no supervision and recommends and implements enhancements to processes or methodologies to achieve greater accuracy or efficiency.

• Responsible for key actuarial analyses and projections in rate filings including descriptive write-ups of methodologies.

• Assists in management and coordination of team projects within Actuarial, with other WCIRB departments, and with external customer working groups.

• Writes and presents actuarial studies and reports to internal and external groups, including to actuarial peers and executive customers.

Education, Experience, and Skill Qualifications:

• Educational background (Bachelor’s degree or above) with a strong GPA in a technical field such as mathematics, actuarial science, applied statistics, or economics.

• Minimum of two years’ demonstrated proficiency as an Actuarial Analyst or equivalent actuarial position.

• Completion of Casualty Actuarial Society examinations through CAS Exam 5. Candidates who have completed a sitting of CAS Exam 5 without passing will also be considered.

• Ability to communicate both effectively and professionally, both verbally and in writing.

• Strong listening and interpersonal skills.

• Strong proficiency in the following three areas with four years’ experience preferred: mathematics, applied statistics, and programming (in a language such as VBA, SQL, or R).

• Proficiency in Microsoft Office Suite.

• Able to work independently with minimal or no supervision.

• Broad understanding of actuarial ratemaking methodologies.

Our employees enjoy a state of the art, energy-efficient, open work environment that nurtures collaboration and creativity. At the WCIRB, we go the extra mile to keep our employees happy and healthy. Our perks include:

• Hybrid work environment (40% onsite 60% remote)
• Medical, dental and vision benefits
• Competitive PTO Program
• 401K and pension plan
• Annual incentive plan
• Social activities

The WCIRB is moving! We will be in our new home in San Francisco in early June! Location is steps from Montgomery Street BART entrance.

NOTE: The successful candidate will reside in California and will work from our headquarters in San Francisco 40% of the time. We are NOT able to pay for relocation costs for candidates.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Information Technology

• Industries

  Insurance

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Pension plan

Disability insurance

Tuition assistance

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