Actuarial Analyst - Insurance

Job responsibilities:

1.Pricing/rating for US Commercial lines of insurance

2.In depth understanding of ISO CLMs (Insurance Services Office- Commercial Lines Manual) and Rating algorithms.

3.Designing product, pricing mechanism and respective supporting services for Commercial Auto, Commercial General Liability, Commercial Property, Inland Marine and Crime.

4.Understand Underwriter requirements for product changes and provide creative solutions along with help in training on complicated pricing approaches & compliance issues

5.Maintain SQL Database for different processes

6.Assist actuaries with rate filings to be submitted to regulators, create actuarial support exhibits & draft memorandum & provide filing objection support.

7.Involved in annual Profitability studies to support pricing decisions, and provide recommendations to the business partners & Underwriters

8.Involved in implementation of product in the system, participate in UAT to provide sign off

9.As a data expert, cater to the data calls and reporting needs of the 10.State/Department of Insurance required by an admitted carrier

Qualifications and skills required:

1. Graduates or post-graduates

2. 0-2 years of property and casualty insurance experience

3. 3-4 Actuarial Exams as per new curriculum, not including CB3/CT9 (Preferred - Exam CS2)

4. Open to pursuing actuarial credentials from Casualty Actuarial Society (CAS)

5. SQL/VBA Experience preferred

6. Good written and verbal communication, and a team player, Strong analytical skills

7. Demonstrates behaviors consistent with the organization's values

8. Responsible and dedicated to meet the clients- expectations

9. Plans tasks and organizes own work , Prioritizes tasks in order of importance

10. Keeps the team informed about work-related activities, CM2 and CS2 candidates are preferred