Actuary

Coverys • Boston, MA

1d • $146,390 - $172,220

About The Position

The Actuary analyzes insurance premium, claim and exposure information in developing actuarial analyses. This position will provide analyses and commentary to our internal and external customers as well as take ownership of processes and methodologies. Essential Duties & Responsibilities Apply complex and advanced actuarial techniques and expertise to multiple, cross-functional projects for existing and new products. Utilize specialized line of business, product or functional expertise and broad experience to recommend actuarial methodologies. Identify data issues and collaborate with external customers to resolve issues. Communicate findings and assumptions to various parties, from company management to regulators. Develop and update actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams. Participate in training of others regarding rating models and other analyses. Collaborate with key leaders in order to identify and meet information needs. Maintain actuarial qualifications in compliance with regulations. Ownership of analysis and processes. Functional responsibilities may include: Analyzing loss and loss expense reserves; Analyzing unearned premium reserves and earnings patterns; Supporting the production of financial statements, forecasts and budget loss ratio assumptions; Developing rate indications, evaluating pricing and segmentation; Supporting large account pricing; and Evaluating profitability. May supervise 1-2 Actuarial Analyst. If applicable, carry out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Requirements

• Bachelor's degree required
• 6 or more years of related experience and/or training required
• ACAS or FCAS credentials
• Demonstrates leadership qualities
• Ability to interpret and analyze various types of data
• Ability to write reports and correspondence
• Ability to present analytical analyses and concepts to diverse groups
• Advanced knowledge of Microsoft Excel
• Advanced knowledge of other tools such as Tableau, R, SAS, Python or Microsoft SQL

Responsibilities

• Apply complex and advanced actuarial techniques and expertise to multiple, cross-functional projects for existing and new products.
• Utilize specialized line of business, product or functional expertise and broad experience to recommend actuarial methodologies.
• Identify data issues and collaborate with external customers to resolve issues.
• Communicate findings and assumptions to various parties, from company management to regulators.
• Develop and update actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.
• Participate in training of others regarding rating models and other analyses.
• Collaborate with key leaders in order to identify and meet information needs.
• Maintain actuarial qualifications in compliance with regulations.
• Ownership of analysis and processes.
• Analyzing loss and loss expense reserves
• Analyzing unearned premium reserves and earnings patterns
• Supporting the production of financial statements, forecasts and budget loss ratio assumptions
• Developing rate indications, evaluating pricing and segmentation
• Supporting large account pricing
• Evaluating profitability
• Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Benefits

• If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!
• The talented employees of Coverys have made us a dynamic company and a thought leader in the industry.
• That’s why we support a work culture focused on employee engagement and professional development.
• It’s also why we provide our employees with benefit plans that go beyond the basics to retain and attract the very best talent.
• Coverys is a growing organization currently enlarging our geographic footprint.
• Our continued growth requires team members who embrace change, are solution oriented, and demonstrate initiative, motivation, and forward thinking.
• Coverys is an equal-opportunity employer.
• Coverys’ job openings are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status, or veteran status.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level