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EMC Insurance Companies · 9 hours ago

Actuarial Analyst

Des Moines, IA

Full-time

Onsite

New Grad, Entry Level

$59K/yr - $82K/yr

EMC Insurance Companies is focused on making an impact through teamwork and collaboration. The Actuarial Analyst role involves performing pricing, reserving, and modeling assignments while supporting senior team members and engaging in self-directed learning of actuarial methodologies.

Financial ServicesInsurance

Responsibilities

Performs pricing, reserving and/or modeling work assignments including data preparation and analysis and makes initial recommendations to team

Participates in rate and reserve reviews and the reviews of existing models by applying industry standard methodologies and techniques

Reviews and addresses potential challenges posed by states or lines of business

Recognizes, acknowledges, and documents assumptions

Identifies and calculates impacts of potential problems and solutions

Performs quality control functions as part of peer review process

Maintains and utilizes assigned workbooks and databases

Recommends modifications for improvements to workbooks, work products, and databases to people leader and/or senior team members. Implements and documents approved improvements as assigned

Prepares data for analysis and completes simple data validation checks

Organizes information into spreadsheets and databases

Researches new modeling techniques and/or predictive variables

Produces basic data visualizations and reports

Documents data processes, assumptions, and outputs

Completes competitive analysis

Prepares filings and filing support for enhanced/new rating algorithms, products, and coverages

Explores new reserving line split and new reserving techniques

Analyzes legislative or regulatory changes and reacts appropriately

Documents circulars

Makes initial recommendations to team as appropriate

Conducts testing for implementation

Researches and follows industry trends

Studies for Actuarial exams

Engages in self-directed and collaborative learning of actuarial methodologies and techniques, including asking questions to learn context and data sources

Develops skills and knowledge of insurance operations