[Hiring] Senior Actuarial Analyst @Preferred Mutual Insurance Company

Role Description

In this role, the Senior Actuarial Analyst – Commercial Lines will provide actuarial support for the commercial lines segments of Preferred Mutual business. Success in this position will be characterized by:

• Meeting agreed upon deadlines
• Independently managing workload given company priorities
• Producing a work product that is error free
• Progressing through actuarial exams
• Growing actuarial acumen

The Senior Actuarial Analyst will:

• Become an owner and expert on our commercial lines insurance rating plans and rate indications
• Compile rate filing support for program changes
• Work with Underwriting and Analytics to review segment performance and suggest product changes to address business concerns
• Support deep-dive analyses into emerging market trends, competitor pricing strategies, and industry developments
• Ensure compliance with regulatory requirements and actuarial standards
• Manage assigned projects to meet deadlines and ensure a quality product
• Help the Management and business teams understand the results through effective analysis and communication
• Become proficient in the use of company data sources
• Partner with the Data & Analytics team to:
  • Ensure effective actuarial reports and dashboards
  • Monitor emerging trends in both claims and premiums
  • Monitor performance of Pricing/Underwriting Models and initiate change as necessary
  • Participate in the building of new pricing and underwriting models
  • Participate and support the enhancement of actuarial tools utilizing new technologies
• Further your education through CAS actuarial exams and industry research while also applying what you’ve learned on the job

Qualifications

• Bachelor’s degree in actuarial science, mathematics, or a related area
• 4+ years of actuarial experience in comparative areas, with at least 2 years of Commercial lines insurance pricing
• Successful completion of 4 or more full actuarial exams
• Strong knowledge of property and casualty insurance products
• Ability to work remotely
• Proficient computer skills including Microsoft Office Suite and SQL
• Experience working with rating plans that incorporate GLM’s
• Experience with Earnix, Akur8, Quantee, or similar actuarial software a bonus

Benefits

• Short-term disability, long-term disability, and life insurance coverage are provided at no cost
• Optional benefits include enhanced life insurance and critical illness plans
• 401k plan with an employer contribution that you will receive regardless of your own contribution to the plan
• Pension Plan
• Company-wide short-term incentive plan
• Generous paid time off, offering of 25 days at hire (prorated based on start date for the first year)
• 7 days of paid sick leave
• 10 paid company holidays
• Personalized paid time off after 3 years!
• Access to 26 Sessions with BetterHelp for you and up to 5 dependents - at no cost!
• Medical, dental, and vision coverage options begin on the first day of employment
• Health Savings Accounts (with generous employer contribution) are available

Company Description

As a mutual company, we are independent by nature, so we think about insurance solutions a little differently. Through listening, problem solving, examining your challenges and collaborating on the right solutions for you, Preferred Mutual independent agents provide flexible solutions and adapt to your evolving needs. We do the same for our employees. We are process and domain experts, focused on the solutions that deliver results for our clients and our company. We offer a great work environment, professional development, challenging careers, and competitive compensation. With Preferred, there are no surprises. You can count on us to deliver on our promises and be there when you need us, as your insurance provider and your employer. Preferred Mutual is an Equal Opportunity Employer.