Advice Data & Analytics Director/Executive

MagMutual

1d • Remote

About The Position

OVERALL RESPONSIBILITIES: The Actuary is responsible for building, supporting, and maintaining models for actuarial reporting and management purposes, across a broad range of activities (e.g., pricing, modeling, forecasting, planning, profitability, etc.). This role develops reserving processes and performs reviews of premium, loss, and expense reserves. The Actuary makes recommendations and advises on reserving levels. SPECIFIC DUTIES: Analyze and make recommendations for refining the pricing and underwriting of our business within the existing pricing model. Enhance the models as appropriate. Develop and revise quoting macros for manually processed lines of business where necessary. Responsible for analysis and estimation of loss and loss adjustment expense reserves by line of business. Support the development of predictive models to enable accurate estimation of the ultimate value of claims. Develop projections of operating results based on emerging trends, competitive conditions, and operational changes. Continuously improve accuracy and efficiency of pricing and forecasting templates. Provide clear communication of technical work to technical and non-technical audiences. Provide technical assistance and information to other departments.

Requirements

• Bachelor’s degree in Mathematics, Statistics, Economics, Actuarial Science, or related field.
• Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS).
• Minimum of 5 years of insurance industry experience.
• Experience with a programming language (R, SAS, SQL, Python, VBA, or similar).
• Demonstrated ability to develop software using a primary programming language.
• Strong Microsoft Excel skills including experience in coding Macros/VBA.
• Effective written and verbal communication skills.
• Solid interpersonal skills and the ability to work in a team environment as well as independently.
• Must possess ability to interact with individuals at all levels of the organization.
• Demonstrated high level of problem solving aptitude.

Responsibilities

• Building, supporting, and maintaining models for actuarial reporting and management purposes.
• Developing reserving processes and performs reviews of premium, loss, and expense reserves.
• Making recommendations and advises on reserving levels.
• Analyzing and making recommendations for refining the pricing and underwriting of our business within the existing pricing model.
• Enhancing the models as appropriate.
• Developing and revising quoting macros for manually processed lines of business where necessary.
• Analyzing and estimating loss and loss adjustment expense reserves by line of business.
• Supporting the development of predictive models to enable accurate estimation of the ultimate value of claims.
• Developing projections of operating results based on emerging trends, competitive conditions, and operational changes.
• Continuously improving accuracy and efficiency of pricing and forecasting templates.
• Providing clear communication of technical work to technical and non-technical audiences.
• Providing technical assistance and information to other departments.

Benefits

• 401(k) and Roth 401(k) with 100% matching on every dollar you save, up to 7% of your salary
• Multiple bonus programs to reward your contributions
• Health, dental, and vision coverage for you and your family
• Company-paid short-term disability, long-term disability, and life insurance
• Generous paid time off, including vacation, holidays, and flexible time-off options
• Comprehensive wellness program featuring health risk assessments and fitness incentives
• Gym membership discounts and incentives
• Paid parental leave to support your family when it matters most
• Professional development opportunities and a culture of transparency — every employee receives a copy of our strategic plan

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees