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Sr Actuary Analyst

Generali Global Assistance
San Diego, CA
  • Expired: October 14, 2020. Applications are no longer accepted.

Job Summary:

This position is responsible for developing and justifying new rating plans, adjusting existing rating plans, and working with the Product team to develop new products, coverages, and endorsements. This position will also promote the use and application of advanced analytics across the organization. The outcomes of this position help the company manage and price risk, determine cost structures, reduce costs, and increase profits. The position may also provide oversight on the pricing work & analysis performed by Jr. Actuarial Analyst staff. This position works with all management levels across the organization and is a direct report to the Manager of Products & Analytics.

Principal Duties and Responsibilities:

Pricing and Profitability

  • Develop and enhance rating plans using predictive modeling and other actuarial techniques
  • Analyze and quantify rating parameters and how the implementation of these will lead to positive results
  • Negotiate rate adjustments and product changes to improve profitability; prepare and present rate dislocation and justification analyses to support such changes
  • Prepare rate filings/exhibits and respond to rate-related state objections with the goal of expediate approval
  • Determine deviation from target/projections and determine potential source of material deviations in results from expectation
  • Enhance and refine existing pricing models and develop new pricing models to support company™s strategic objectives regarding innovation
  • Identify and propose actions to improve profitability of products and accounts
  • Risk Management and Rate Compliance

  • Develop tools and use analytics to aid underwriting, operational, and fraud prevention strategies
  • Promote the use of predictive analytics throughout the organization, beyond just a pricing context
  • Build and improve actuarial files, models, and algorithms to support day to day pricing and underwriting activities
  • Conduct periodic audits of underwriting files to determine if pricing models are appropriately employed
  • Utilize actuarial tools and develop ad hoc tools as necessary to quantify risks presented by a product and account
  • Coordinate with internal staff to address risk and profitability concerns
  • Research and Product Development

  • Assist with the development of new insurance products and advise underwriters in making profitable decisions
  • Monitor and interpret competitor filings to identify any new coverages, rates, and rating variables in the market
  • Develop understanding of state filing requirements and how these differ among states
  • Research, develop, and apply new analytical techniques that are applicable to the business and share knowledge with peers and teammates
  • Research, compile and analyze historical actuarial data
  • Required / Desired Knowledge, Experiences and Skills:

  • Predictive modeling experience using R and/or Emblem required
  • Minimum two years actuarial work experience
  • Rate filing experience strongly preferred
  • Experience employing and understanding standard concepts, practices, regulations, and laws within the insurance and actuarial fields preferred
  • Intermediate level skills in SQL and Excel required
  • Travel Insurance experience a plus
  • Education/Certifications:

  • Bachelor's degree (B.A.) in mathematics, actuarial science, economics, finance or similar degree from an accredited college or university
  • Physical Working Environment:

    While performing the duties of this job, the employee is required to stand; walk; sit for long periods of time; use of hands to grasp, handle, or feel; reach with hands and arms; finger dexterity; talk; hear. The employee is occasionally required to climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus.

    The above statements are intended to describe the general nature of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of employees so classified.

    Trip Mate is an Equal Opportunity Employer M/F/Disability/Veteran

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    Generali Global Assistance

    Address

    San Diego, CA
    USA

    Industry

    Finance and Insurance

    View all jobs at Generali Global Assistance