Role: Senior Actuarial Analyst
Location: San Jose, CA | Duration: Long Term
Experience in Actuarial: 10 Years | Required : Auto Industry experience.
The company supports pricing of personal insurance lines of business utilizing accepted actuarial and statistical standards and methodologies. The Consultant will work closely with their Analytics team to support the business goals and will participate in innovative work to improve rating plan sophistication and decision making support.
Following is a summary of the essential functions for this job.
Duties and Responsibilities:
· Identify and solve product/pricing problems by performing analysis that involves retrieving and analyzing both internal and external data
· Assist with analysis and implementation of changes to existing insurance products as well as the development of new products
· Perform extensive product reviews that require analysis of trends, factors, issues, competitive analysis, and rate level indications.
· Uses best practices and traditional statistical/modeling techniques to develop and maintain rating, economic, and other models as necessary and in consideration of the business goals of the model
· Follows appropriate analyses to be conducted for projects to make recommendations to achieve corporate goals
· With minimal direction plans, implements, manages, and/or contributes on projects that are up to moderate complexity and are small-to moderate scale using accepted project management standards
· Forecasts short-term and long-term deliverables with assistance
· Tracks own plan performance and project timeline and communicates and presents project status
· Ensures project controls are in place throughout the lifecycle of the project within own tasks
· Supports the development/ design of new plans, programs, processes, products up to moderate complexity
· Contributes to market share growth and profitability by recommending changes to products, pricing, risk management
· Assures proper execution of regulatory/legislative practices for Product Management
· Understands and follows internal and external compliance requirements/standards
· Analyze data and review analysis from others and identify and resolve basic data issues
Qualifications:
· Bachelor’s degree required – preferably in related field of actuarial science, math/applied math, statistics/applied statistics, economics
· Strong analytical and critical thinking skills
· Aptitude and strong interest in statistical modeling techniques such as linear regression, logistic regression etc.
· Standard knowledge in the use of data sources and applications to conduct research
· Understanding of relational databases and data extraction
· Must possess effective verbal and written communication skills
· Works effectively in a team environment with strong decision making skills
· Ability to drive for results, deal with ambiguity, solve problems, make decisions, see trends/patterns within data sets, identify root causes
Desired Skills:
· Experience with personal lines insurance rate making methodologies and pricing techniques
· One or more passed Actuarial exams - A Big Plus
· Product management experience
· Experience with other data tools like SAS, SAS EG or SQL
Thanks & regards…
Uday Raj
OnwardPath Technology Solutions
Ph: (920) 264-0747