At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together.
*Preferred candidate would reside within commuting distance of the Des Moines Metro*
JOB SUMMARY
Performs analysis within the pricing functional area of the actuary department. Gathers information, verifies accuracy of data, organizes data, and assembles exhibits for analysis. Supports special projects by assembling and verifying data, performing assigned analysis, research, and testing of new or updated processes. Makes suggestions for changes and assists with modifications.
ESSENTIAL FUNCTIONS
Performs pricing work assignments including data preparation, analysis, documentation, and recommendation for action.
Verifies and assesses the accuracy and reasonableness of utilized data.
Supports a rate reviews, participates in review of line of business pricing and maintains and designs rating algorithms.
Supports special projects such as competitive analysis, adoption of a new product, changes to rating algorithms, adds new coverage, performs initial analysis of legislative or regulatory changes.
Retrieve data from various sources and organizes information into spreadsheets and databases.
Makes initial recommendations to team and conducts testing for implementation of new or updated processes, including rate change recommendations, suggestions for model techniques, testing before rating is implemented for corporate level projects, and reviewing rate compare questions.
Maintains and updates assigned workbooks, databases, processes and models.
Makes suggestions for and assists with modifications to current techniques and processes.
Studies for actuarial exams.
Develops skills and knowledge of insurance operations.
Follows industry trends in area of expertise. Researches circulars and industry publications.
EDUCATION & EXPERIENCE
The education and experience below are required for the job unless labelled as preferred:
Bachelor’s degree in actuarial science or math
1 actuarial exam and/or internship
KNOWLEDGE, SKILLS & ABILITIES
COMPETENCIES
Good knowledge of actuarial terminology, concepts and theory
Good knowledge of statistics and probability and/or computer programming
Good knowledge of Excel, PowerPoint, PowerBI and Word
Knowledge of at least one computer language, such as R, SAS or SQL preferred
Strong written and verbal communication skills
Strong analytical, investigation and problem-solving abilities
Continuous Improvement
Drives Results
Honesty & Integrity
Self-Awareness
Service
Social Awareness
Teamwork
Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.
All of our locations are tobacco free including in company vehicles.
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What We Do
EMC Insurance Companies is among the top 60 insurance organizations in the country based on net written premium, and we have more than 2,500 employees. The company was organized in 1911 to write workers’ compensation protection in Iowa. Today, EMC provides property and casualty insurance products and services throughout the United States and writes reinsurance contracts worldwide. Operating under the trade name EMC Insurance Companies, Employers Mutual Casualty Company and one or more of its affiliated companies is licensed in all 50 states and the District of Columbia.
