Location: Birmingham, AL
Company: Proassurance
growth. This position supports our medical professional liability line of business and is hybrid, based in Birmingham AL. Please note we are not offering sponsorship, now or in the future, for this position. Job Summary: The Senior Actuarial Assistant conducts rate reviews, prepares data calls, assists in the preparation of quarterly and annual financial statements, and assists with a variety of other special projects.
This position is a more experienced and independent Actuarial Assistant able to handle more complex assignments. The Senior Actuarial Assistant will work with limited supervision and must be able to independently analyze trends and indications and propose projections. Essential
Duties and Responsibilities: 30% - Develop and analyze rate indications and loss development factors. Prepare analyses for rate making decisions. 15% - Responsible for quarterly and annuals financial reporting including but not limited to Schedule P, Statutory Page 14, and Supplement A to Schedule T.
10% - Assists with data collection and analysis. 10% - Reviews (both technical and peer) work products from co-workers. 10% - Performs special projects as directed by management and other related duties as required. 9% - Performs class plan and territory analysis. 5% - Responds to statistical data calls and data requests from state insurance departments and other governmental or industry
entities including interfacing with other departments (Claims, Underwriting, Legal) as required.
Secondary Responsibilities: 3% - Represents Actuarial, working cooperatively with other departments on projects and in meetings. 3% - Mentor junior team members. 3% - Prepares rate filings for insurance departments. 1% - Creates rate spreadsheets that contain data to be uploaded into the policy administration system. 1% - Maintains spreadsheets that store miscellaneous company, competitor, and industry information. Explains include class plans, indicated specialty relativities, rates (by states), ratemaking assumptions and expenses. Qualifications: Bachelor's degree in mathematics or financial related field.
A minimum of 4 years' actuarial experience. Completion of two or more actuarial exams preferred. Working knowledge of the insurance industry. Superior written and verbal communication and problem-solving skills. Must be proficient with Microsoft Office Suite including Access. Experience using a mapping software such as Map Info is preferred. Use programming languages to develop spreadsheets, databases, and statistical models. Must be able to identify trends and patterns in complex data sets. Position Salary Range$61,862.00 - $102,083.00The salary range displayed represents the entirety of the pay grade for this position.
Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.
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