Develops actuarial pricing in accordance with CAS (Casualty Actuarial Society) principles, to produce indicated overall rate level changes and/or loss and loss adjustment expense reserve levels. Provides actuarial input to other product pricing analyses, such as class plans, territories, new coverages and endorsements, etc. Works with MAPFRE Insurance Product Management Department, as needed, to develop competitor analyses and to quantify the impact of proposed pricing changes on insureds. Provides other support to the actuary as needed.
Knowledge, Skills and Abilities
Education: Bachelor's plus Certificate, e.g. INS 21, 22, 23, or equivalent, related experience.
Experience: 2 - 4 years - or Associates Degree equivalent plus 4 - 6 years.
Knowledge: Limited to moderate knowledge of industry practices, standards, and concepts within field of work. Learns to apply them to the job.
Decision Making: Makes decisions related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion. Decisions influence portions of a project, client relationships and/or expenditures.
Supervision Received: Works independently under general supervision. Work is reviewed for overall adequacy in performing tasks.
Leadership: May provide training and guidance to less experienced staff.
Problem Solving /Operations/Direct Work Involvement: Applies knowledge to determine solutions to complex problems with minimal direction. Uses research and analysis to develop innovative and practical solutions which are consistent with organizational objectives.
Client Contacts: Contacts other departments and or external organizations or parties frequently. Contacts are primarily at or below upper management levels. Represents organization on specific projects. Communication may involve persuasion, and negotiation.
Additional Knowledge, Skills and Abilities
Credit for at least two (2) exams of the Casualty Actuarial Society (2000 Syllabus). Thorough knowledge of Microsoft Office software is essential to perform analyses. Candidate should be pursuing CAS (Casualty Actuarial Society) accreditation to at least ACAS level.
If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at email@example.com.