The Actuarial Analyst will assist in setting rates for various insurance products. This may include extracting and analyzing premium and loss data, using applications and statistical programs, evaluating results for reasonability, and communicating observations to help achieve goals. Assist in developing and enhancing products, designing reports to improve decision-making, forecasting and assessing industry trends and presenting findings and recommendations to senior management.
EDUCATION AND EXPERIENCE: Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or business-related discipline
SKILLS/COMPETENCIES REQUIREMENTS:
- Works well independently and in a team environment
- Detail oriented and high level of accuracy
- Strong interpersonal and communication skills
- Advanced skills in Microsoft Excel
- Organization, planning and prioritization skills
- Strong analytical, problem solving and judgment skills
- Effective time management skills, including the capability to balance multiple projects with competing deadlines
- Takes initiative on projects and assignments
- Strong mathematical skills, and a deep understanding of risk management
- Ability to translate actuarial research into written recommendations
- Intermediate programming skills (SQL, Python, R)
ESSENTIAL DUTIES AND REPONSIBILITIES:
- Support the rate review process by preparing rate indications, analyzing specific components of rating, developing pricing proposals and calculating impacts
- Provide data to support underwriting decision-making
- Assist with analysis on project initiatives
- Evaluate success and drive continuous improvement in product enhancements
- Solve complex business problems by leveraging the analytical and actuarial techniques
- Provide support in the preparation and presentation of materials for clients
- Perform statistical data analysis in support of new product development
- Analyze market, industry, competitor, legal, and regulatory trends and use these to provide actionable insights that drive the business of both the company and its customers
- Gather and compile statistical data via Excel, Access, or data management programs, to develop reports facilitating and supporting pricing, reinsurance reporting, and valuation function
What We Do
Our mission is to help companies control their insurance costs through the member-owned group captive model. Our industry-leading insurance professionals support every aspect of the group captives they advise, from claims advocacy to operational oversight, risk management, financial services, investment services and more.
Applying its time-tested and proven strategies, Captive Resources brings the highest quality insurance protection to each individual captive member, while increasing members' buying power, bringing greater stability and predictability to their insurance costs, and driving profitability to their bottom lines.
For over 35 years, CRI has helped create more than 45 group captives with 6,000 member companies that serve businesses and organizations located across the United States. Today, CRI proudly administers some of the largest member-owned group captive insurance companies in the world. And it's no small task. The company oversees combined premiums of $3.8 billion with assets of $10 billion.
Statement on Diversity, Equity, and Inclusion: At Captive Resources, we believe that our colleagues deserve fairness, respect, inclusivity, and belonging. We encourage different perspectives, unique ways of thinking, fearless collaboration, and positive communication. Our differences have made us strong and successful, and we embrace diversity, equity, and inclusion. We celebrate our people every day because they are the heart of our company.
Captive Resources is proud to be an Equal Opportunity Employer. We prohibit discrimination in employment with respect to any term or condition of employment, including hiring, compensation, advancement, discipline, or termination for our applicants and colleagues.
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