Senior Actuarial Analyst
COMPANY OVERVIEW:
This is a leading operations management and analytics company that helps businesses enhance growth and profitability. The company integrates analytics, automation, benchmarking, BPO, consulting, industry best practices and technology platforms to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance.
The Analytics Practice provides data-driven, action-oriented solutions to business problems through statistical data mining, cutting edge analytics techniques and a consultative approach. The company takes an industry-specific approach to transform clients’ decision making and embed analytics more deeply into their business processes. The global footprint of nearly 10,000 data scientists and analysts serves the insurance, healthcare, banking, capital markets, utilities, retail and e-commerce, travel, transportation and logistics industries.
This US based company has more than 58,000 professionals in locations throughout the United States, Europe, Asia (primarily India and Philippines), Latin America, Australia and South Africa.
POSITION OVERVIEW:
We are seeking an experienced Sr. Actuarial Analyst, focusing on risk monitoring, profitability analysis, and other key actuarial functions. This role involves conducting in-depth reviews of insurance product profitability, assessing portfolio risk, and working closely with various teams to support sound underwriting and pricing decisions. The ideal candidate will bring a blend of technical actuarial skills, analytical expertise, and experience within the general insurance industry, particularly in Property & Casualty (P&C).
RESPONSIBILITIES:
- Data extraction and preparation for pricing studies and analysis
- Conduct market and competitor research esp. filing material
- Support filing activities including indications, base rate changes, rate monitoring, dislocations etc.
- Prepare filing exhibits or regulatory requirement exhibits
- Develop internal QC processes to ensure filing accuracy and quality
- Train and upskill team members in new rating and filing tools & techniques
- Identify process enhancements opportunities and propose automation-based solutions
- Apply actuarial pricing techniques of exposure and experience rating based on data quality and availability
- Understand and incorporate product changes, rating factors and other inputs to develop new rates or revise existing rates
- Coordinate with product owners to understand pricing requirements and timelines
- Support actuarial data processing involving loss development, trend analysis and IBNR allocation
- Support data extraction, analysis and transformation to produce final datasets for downstream analysis
- Apply advanced statistical techniques like GLMs, XGBoost, Lasso etc. to build predictive models
- Understand and incorporate external factors like inflation, CAT impact etc.to produce comprehensive rates
- Cross-Functional Collaboration:
- Partner with underwriting, finance, and data analytics teams to align on product goals and refine risk management strategies.
- Present findings to senior leadership, translating complex actuarial concepts into actionable insights.
QUALIFICATIONS:
- Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field; completion of actuarial exams with ASA or FSA designation preferred.
- 5+ years of actuarial experience in the insurance industry, ideally within P&C.
- Proven expertise in risk assessment, monitoring, and profitability review.
- Strong analytical and quantitative skills, with proficiency in actuarial modeling software (e.g., R, SAS, Python) and Excel.
- Familiarity with insurance regulations, rate filings, and compliance requirements.
- Excellent communication and interpersonal skills, with the ability to explain complex concepts to non-technical stakeholders.
- Ability to work independently and collaboratively in a fast-paced, dynamic environment.
LOCATION: Remote – (or Hybrid in Columbus)
Job ID# 3010420
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