Senior Actuarial Analyst-Remote

Preferred Mutual Insurance Company; United States; Remote; USD 90,000 - 135,000; Full time

Job summary

Join Preferred Mutual Insurance as a Senior Actuarial Analyst, where you'll leverage your actuarial expertise to provide critical insights and support for personal lines insurance. With an emphasis on compliance and quality, you will collaborate with various teams to analyze market trends and influence product strategies, all while enjoying a comprehensive benefits package that prioritizes your holistic health.

Benefits

Short-term and long-term disability coverage at no cost

Generous paid time off (25 days at hire)

Student Loan Repayment Assistance

Access to BetterHelp therapy sessions

Qualifications

• 4+ years of actuarial experience in comparative areas, with at least 2 years of Homeowners insurance pricing.
• Successful completion of 4 full actuarial exams.
• Experience working with rating plans that incorporate GLM’s.

Responsibilities

• Provide actuarial support for the personal lines' segments of Preferred Mutual business.
• Compile rate filing support for program changes.
• Support deep-dive analyses into emerging market trends.

Skills

Strong knowledge of property and casualty insurance products

Proficient computer skills including Microsoft Office Suite and SQL

Education

Bachelor’s degree in actuarial science, mathematics, or a related area

Job description

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Please note, employment offered to residents in the following states only: Connecticut, Delaware, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont.

Preferred Benefits

At Preferred, we understand the importance of holistic health. To meet the diverse needs of our employees, we offer a comprehensive set of benefits:

Financial

• Short-term disability, long-term disability, and life insurance coverage are provided at no cost
• Optional benefits include enhanced life insurance and critical illness plans
• 401k plan with an employer contribution that you will receive regardless of your own contribution to the plan
• A cash-balance pension plan
• Student Loan Repayment Assistance
• A short-term incentive plan for all employees
  
  

Social

• Generous paid time off, offering of 25 days at hire (prorated based on start date for the first year)
• 7 days of paid sick leave
• 10 paid company holidays
• Personalized paid time off after 3 years!
  
  

Emotional

• Access to 26 sessions with a BetterHelp therapist each year for you and up to 5 dependents, as well as access to all of BetterHelp’s group and digital resources
• Access to Family First, a team of care experts who can provide you and your loved ones 1:1 assistance with a variety of caregiving solutions, from elder care to legal and financial challenges, insurance and Medicare navigation, and more!
  
  

Physical

• Medical, dental, and vision coverage options begin on the first day of employment
• Health Savings Accounts (with a generous employer contribution!)
  
  

Your Purpose And Function In Our Company

In this role, the Senior Actuarial Analyst will provide actuarial support for the personal lines' segments of Preferred Mutual business. Success in this position will be characterized by meeting agreed upon deadlines, independently managing workload given company priorities, producing a work product that is error free, progressing through actuarial exams, and growing actuarial acumen.

The Senior Actuarial Analyst Will

• Become an owner and expert on our personal lines insurance rating plans and rate indications.
• Compile rate filing support for program changes.
• Work with Underwriting and Analytics to review segment performance and suggest product changes to address business concerns.
• Support deep-dive analyses into emerging market trends, competitor pricing strategies, and industry developments.
• Ensure compliance with regulatory requirements and actuarial standards.
• Manage assigned projects to meet deadlines and ensure a quality product.
• Help the Management and business teams understand the results through effective analysis and communication.
• Become proficient in the use of company data sources.
• Partner with the Data & Analytics team to:
• Ensure effective actuarial reports and dashboards.
• Monitor emerging trends in both claims and premiums
• Monitor performance of Pricing/Underwriting Models and initiate change as necessary.
• Further your education through CAS actuarial exams and industry research while also applying what you’ve learned on the job.
  

Qualifications

• Bachelor’s degree in actuarial science, mathematics, or a related area.
• 4+ years of actuarial experience in comparative areas, with at least 2 years of Homeowners insurance pricing.
• Successful completion of 4 full actuarial exams.
• Strong knowledge of property and casualty insurance products.
• Ability to work remotely.
• Proficient computer skills including Microsoft Office Suite and SQL.
• Experience working with rating plans that incorporate GLM’s.
  
  

Career Advancement Benefits

• PMIC will support completing actuarial exams and obtaining FCAS designation.
  
  

ABOUT US: As a mutual company, we are independent by nature, so we think about insurance solutions a little differently. Through listening, problem solving, examining your challenges and collaborating on the right solutions for you, Preferred Mutual independent agents provide flexible solutions and adapt to your evolving needs. We do the same for our employees. We are process and domain experts, focused on the solutions that deliver results for our clients and our company. We offer a great work environment, professional development, challenging careers, and competitive compensation. With Preferred, there are no surprises. You can count on us to deliver on our promises and be there when you need us, as your insurance provider and your employer. Preferred Mutual is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

DISCLAIMER: This role (job) description indicates in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the rights to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job. Nothing in this position description changes the at-will employment relationship existing between Preferred Mutual Insurance Company and its employees.

The salary range for the role is $90,000 to $135,000 per year paid on a salaried basis. The rate offered to any candidate will be reflective of the candidate’s experience and any relevant education, certification, or qualifications related to their ability to perform the responsibilities of this position as permitted by law.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Strategy/Planning and Information Technology

• Industries

  Insurance

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