About the Role
Donegal Insurance Group is looking for a motivated Actuarial Analyst to support our team with the reserving process for both commercial and personal lines of business. This role will involve data analysis, forecasting, and reporting to ensure that our reserves are set appropriately to cover future claims liabilities. You will be working alongside experienced actuaries to develop your technical skills and contribute to the overall financial stability of the organization.
This position is located at our corporate office in Marietta, PA, with hybrid scheduling available after the first year of employment.
Responsibilities and Duties
- Perform quarterly actuarial reserve analyses using various actuarial methods and tools
- Analyze loss, claim, exposure, and premium data to determine appropriate reserves
- Assist with reporting of reserves, findings, and results to senior management
- Maintain and update actuarial models for forecasting reserve trends
- Identify opportunities for process improvements to enhance accuracy and efficiency of reserving procedures
- Build and run data reports for requests both inside and outside of the department
- Collaborate with ratemaking team to share knowledge and insights across teams and ensure informed, data-driven decisions
- Assist with collection and validation of data for annual reinsurance request
Qualifications and Skills
EDUCATION
- Bachelor’s Degree in Actuarial Science, Data & Analytics, Mathematics, Statistics or related field
- Pursuing an actuarial designation in the Casualty Actuarial Society including successful completion of one or more Actuarial exams
SKILLS/TECHNICAL EXPERTISE
- Required technical skills
- Intermediate knowledge of Microsoft Excel
- Basic knowledge of SQL (intermediate knowledge preferred)
- Preferred technical skills
- Basic knowledge of C/C++, Python, VBA, or other programming language
- Basic knowledge of Microsoft Power BI
- Personal skills
- Strong analytical skills
- Attention to detail
- Accurately complete assigned tasks on a timely basis
- Learn and retain information relating to job functions
- Project management skills, ability to handle multiple projects and manage projects to meet deadlines
- Maintain professionalism at all times
Starting Pay: The pay range for this position is $60,000 to $80,000 annually. The specific offer will vary based on an applicant's education, qualifications, professional experience, skills, abilities, and any applicable designations/certifications. The posted pay range reflects our ability to hire at different position titles and levels depending on background and experience. The pay range may also be adjusted based on an applicant's geographic location.
The base pay is just one component of Donegal's total compensation package for employees. This role may also be eligible to participate in a discretionary annual incentive program. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.
Application deadline to apply is March 28, 2025.
For full consideration, applications must be received by the deadline; however, the posting will be kept open until the position is filled.
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What We Do
Our family of property and casualty insurance companies provides full lines of personal, farm and commercial insurance products across multiple regions of the United States.
We are proud of our heritage, which spans nearly 130 years in the insurance business.
