Provide support for pricing projects
Compile data to be used in analysis
Analyze production and loss experience by agent, dealer, plans, classes, terms, and other rating variables to determine key drivers for product performance
Use actuarial methods to determine proper rate levels by product
Identify high loss dealers and develop high risk rates for them
Create write-up of pricing recommendations for leadership review
Provide support for implementation of new rates
Prepare underwriting request with supporting documents for carrier review
Provide rates to Operations for implementation
Create or update rate cards used by Sales
Provide loss experience requested by Sales
Review exception requests from Sales and recommend responses
Provide support for financial projections and liability estimates including Profit share forecasts
Calculating buyout offers for agreements with contingent liabilities
No Charge-Back reserves
Roadside reserves
Assist in other tasks as needed
Setup earnings for new programs
Review application of earnings curves
Serve as testing lead for department

Bachelors of Science degree in Actuarial Science, Mathematics, Statistics, or related field
2 or more years prior work experience in actuarial, risk management, or similar function
Prior work experience with vehicle service contracts preferred
Advanced Excel knowledge
Proficient with MS Office suite
Knowledge of SQL, PowerBI, or other data analysis tools preferred

Actuarial Analyst

Key skills