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Sr. Actuarial Assistant, Reserving

GuideOne Insurance
Chicago, IL
  • Expired: April 20, 2022. Applications are no longer accepted.

Our company is guided by our mission and our promise - We Help Make Positive Change Possible - which is made possible by our committed Finance department. Our Finance department serves as the steward of our fiscal viability, making it possible for us to support niche organizations that are committed to making the world a better place. By protecting and safeguarding the property and assets of our members, we help them pursue their mission in an active and purposeful way. For more than 75 years, our Finance department has empowered us to passionately pursue our mission to serve the greater good. We are looking for a creative and driven individual who can help us achieve business goals while uplifting our nimble, reliable, fun, passionate and courageous workplace culture.

 

This position uses and applies the techniques and theories of Actuarial Science, researches and develops revised rates, pricing factors, and premium charges which contribute to accomplishing the company goals of long term profitability and growth.  Additionally, this position develops and communicates, verbally and in writing, sound actuarial justification for ratemaking recommendations.  Incumbent typically pursuing an Associate designation of the Casualty Actuarial Society (ACAS). Familiar with standard concepts, practices, and procedures within the Actuarial field.  Relies on judgment and limited experience to accomplish job duties. Performs a variety of tasks.  Works under general supervision.  A certain degree of creativity and latitude is required.

 

 

Assists in the development of revised rates and pricing factors, and supporting justification, for all lines. Compiles and provides data for state filing forms and internal company documents.

 

Coordinates with Product Management, Research and Compliance, Accounting, Claims, Underwriting and Information Systems in data analysis and rate evaluation. Responds to requests from the states for additional information and rate change justifications.

 

Assists in development and preparation of special analyses of rate adequacy for all lines, as directed by the Actuary or Associate Actuary. Based on these determinations, participates in decisions concerning policy rate changes. Aids in the analysis of underlying pricing assumptions of our product lines based on trends and practices in the industry. Provides input to rate committee and recommends appropriate rate adjustments.

 

Develops and exchanges information concerning loss ratio information with Regional Sales and Marketing personnel. Provides comparison figures of competitors and requests additional information on specific losses for areas of concern to identify unordinary losses or to identify new trends for further examination.

Assists in the development of the rating systems and their enhancements. Participates in the development of new techniques of data gathering and analysis and adopts new methods as required. Assists in the development of new soft wares, as needed, to more efficiently access and process data.

Provides actuarial input to rate filings and helps in coordinating implementation; analyzes loss ratios and determines if these permit a return on investment as forecasted by the Company. Coordinates with appropriate people to distribute new information on rate changes and provides it in the appropriate format.

 

Actively participates in the Casualty Actuarial Society's (CAS) education and certification program.

 

 


GuideOne Insurance

Address

Chicago, IL
USA

Industry

Finance and Insurance

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