Sr. Actuarial Analyst II

Location: Dearborn, MI, United States
Primary Duties and Responsibilities:
  • Develops pricing for current or new property/casualty insurance coverage and products.  Coordinates and executes scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory, and internally consistent with experience. Provides complex level analysis and preparation of competitive product and rate comparison reports.  Formulates and interprets complex mathematical ratemaking models using available tools.  Provides consultation and clarification regarding complex actuarial and risk assessment models. 
  • Provides recommendations for improving methods, analysis and data gathering techniques used by the actuarial team.  Provides instruction in basic actuarial methods and techniques to less senior analysts.  Works with Actuarial Support in gathering and verifying data for rate indications, rate revisions and special projects.  Develops complex models and manipulates data for actuarial review using standard software packages.  Determines relevant factors and researches suitable trend indications for analysis, providing material and oral support to recommendations made to management.  Performs actuarial adjustments to meet the analysis purpose. Analyzes competitor’s rate structures and coverage.  Develops and prepares competitor rate manual analysis.  Prepares reports, proposals, system documents and documentation as required. Takes a lead role on projects and/or assignments as required.
 Required Qualifications (these are the minimum requirements to qualify):
  •  Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field. 
  • Successful completion of five or more actuarial examinations and a minimum of four or more years of experience in an actuarial environment.
  • Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
Experience in four or more of the following:
  • Preparing quarterly rate indications
  • Formulating and interpreting mathematical rate making models
  • Preparing property and casualty rate filings
  • Preparing competitive product and rate comparison analysis reports
  • Calculating reserves
  • Pricing property and casualty insurance products
  • Completing actuarial research relating to insurance operations
 Extensive experience in/with:
  •  Coordination and execution of projects
  • Use of statistical tools and software applications to complete assignments
  • Preparing reports and exhibits for senior management review
  • Analysis of technical studies and data and draw sound conclusions
  • Modeling and complex quantitative analysis resulting in sound recommendations
Knowledge and Skills/Ability to:
  •  Make oral presentations to business units and management
  • Represent the department on inter-department teams
Tami Andrade Fitzpatrick
Senior Recruiter
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