Senior Actuarial Analyst

Inizio Partners; United States; On-site; USD 94,000 - 160,000; Full time

Job summary

Inizio Partners is seeking a Sr. Actuarial Analyst to focus on risk monitoring and profitability analysis. The role involves conducting in-depth reviews of insurance product profitability and collaborating with various teams to support underwriting and pricing decisions. Ideal candidates will have strong actuarial skills and experience in the Property & Casualty sector.

Benefits

Medical insurance

Vision insurance

401(k)

Qualifications

• 5+ years of actuarial experience in the insurance industry, ideally within P&C.
• Proven expertise in risk assessment, monitoring, and profitability review.
• Strong analytical and quantitative skills.

Responsibilities

• Conduct market and competitor research, prepare filing exhibits.
• Develop internal QC processes and train team members.
• Apply advanced statistical techniques to build predictive models.

Skills

Analytical skills

Quantitative skills

Risk assessment

Communication

Education

Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field

Completion of actuarial exams with ASA or FSA designation

Tools

R

SAS

Python

Excel

Job description

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Direct message the job poster from Inizio Partners

We are seeking an experienced Sr. Actuarial Analyst to join our team, focusing on risk monitoring, profitability analysis, and other key actuarial functions. This role involves conducting in-depth reviews of insurance product profitability, assessing portfolio risk, and working closely with various teams to support sound underwriting and pricing decisions. The ideal candidate will bring a blend of technical actuarial skills, analytical expertise, and experience within the general insurance industry, particularly in Property & Casualty (P&C).

Key Responsibilities

• Data extraction and preparation for pricing studies and analysis
• Conduct market and competitor research esp. filing material
• Prepare filing exhibits or regulatory requirement exhibits
• Develop internal QC processes to ensure filing accuracy and quality
• Train and upskill team members in new rating and filing tools & techniques
• Identify process enhancements opportunities and propose automation-based solutions
• Apply actuarial pricing techniques of exposure and experience rating based on data quality and availability
• Understand and incorporate product changes, rating factors and other inputs to develop new rates or revise existing rates
• Coordinate with product owners to understand pricing requirements and timelines
• Support actuarial data processing involving loss development, trend analysis and IBNR allocation
• Support data extraction, analysis and transformation to produce final datasets for downstream analysis
• Apply advanced statistical techniques like GLMs, XGBoost, Lasso etc. to build predictive models
• Understand and incorporate external factors like inflation, CAT impact etc.to produce comprehensive rates

Cross-Functional Collaboration:

• Partner with underwriting, finance, and data analytics teams to align on product goals and refine risk management strategies.
• Present findings to senior leadership, translating complex actuarial concepts into actionable insights.

Qualifications

• Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field; completion of actuarial exams with ASA or FSA designation preferred.
• 5+ years of actuarial experience in the insurance industry, ideally within P&C.
• Proven expertise in risk assessment, monitoring, and profitability review.
• Strong analytical and quantitative skills, with proficiency in actuarial modeling software (e.g., R, SAS, Python) and Excel.
• Familiarity with insurance regulations, rate filings, and compliance requirements.
• Excellent communication and interpersonal skills, with the ability to explain complex concepts to non-technical stakeholders.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst and Consulting

• Industries

  Insurance and IT Services and IT Consulting

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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