Westfield Insurance
Senior Actuarial Analyst, Commercial Lines
Westfield Insurance, Westfield Center, Ohio, us, 44251
Senior Actuarial Analyst, Commercial Lines
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Senior Actuarial Analyst, Commercial Lines
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Westfield Insurance Senior Actuarial Analyst, Commercial Lines
1 day ago Be among the first 25 applicants Join to apply for the
Senior Actuarial Analyst, Commercial Lines
role at
Westfield Insurance Get AI-powered advice on this job and more exclusive features. Job Summary
The Senior Actuarial Analyst, working with limited supervision, conducts complex analyses, provides recommendations, and leads special actuarial projects. The role applies highly technical actuarial acumen and skill set in completing assignments and works to improve processes in the actuarial department. The role researches and develops best practices pricing techniques to be implemented across the business, serves as a mentor to less experienced professionals, provides general expertise on market trends and product performance and adheres to internal and external compliance requirements/standards. Job Summary
The Senior Actuarial Analyst, working with limited supervision, conducts complex analyses, provides recommendations, and leads special actuarial projects. The role applies highly technical actuarial acumen and skill set in completing assignments and works to improve processes in the actuarial department. The role researches and develops best practices pricing techniques to be implemented across the business, serves as a mentor to less experienced professionals, provides general expertise on market trends and product performance and adheres to internal and external compliance requirements/standards.
Job Responsibilities
Directs actuarial projects while applying actuarial skills and knowledge of the Company's insurance products and operations. Completes research, ensures accuracy of calculations and analyses, and meets project deadlines. Completes all complex actuarial assignments by following standard processes in areas like Pricing, Loss Reserving, Research and Development, etc. Provides input on the pricing of new and existing products, collaborates with the Underwriting and Product team, and determines loss and loss expense reserve recommendations. Assists in developing management reports that are used to monitor performance, behavior, and results of company goals and objectives. Develops and maintains adequate knowledge and awareness of industry activities through attendance at seminars, reading trade journals and magazines, and through personal contact with other insurance companies, state regulatory bodies, and professional affiliations. Gathers information, prepares reports, and creates datasets following already documented processes in support of the Actuarial Department. Prepares collateral for defending state filing materials, estimates unpaid loss and loss expense liabilities, provides support to Finance Reporting, and partners with the IT team to implement rate and rule changes in rating. Provides ongoing review and improvements of pricing and processes for greater automation, accuracy, and rate adequacy. Supports peers and less experienced professionals, analysts, and associates in their respective activities on pricing, reserving, and research and development.
Job Qualifications
5+ years of insurance and/or business experience. 4+ years of actuarial experience. Bachelor's degree in Mathematics, Actuarial Science, Statistics, or a related field and/or commensurate work experience. Credit for completion of the following Casualty Actuarial Society work: passing the "Basic techniques for rate making and estimating claims liability" exam and completion all CAS preliminary requirements (e.g. exams, VEEs, online courses) prior to this exam.
Behavioral Competencies
Collaborates Customer focus Communicates effectively Decision quality Nimble learning
Technical Skills
Financial Acumen Knowledge of Programming Languages Statistical Modelling Software Pricing Modeling Statistical Analysis Predictive Analytics Corporate Reserving Data Analysis and Reporting Actuarial Analytics Insurance Industry Knowledge
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
Equal Opportunity Employer
United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.
United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Insurance Referrals increase your chances of interviewing at Westfield Insurance by 2x Get notified about new Senior Actuarial Analyst jobs in
Westfield Center, OH . We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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Join to apply for the
Senior Actuarial Analyst, Commercial Lines
role at
Westfield Insurance Senior Actuarial Analyst, Commercial Lines
1 day ago Be among the first 25 applicants Join to apply for the
Senior Actuarial Analyst, Commercial Lines
role at
Westfield Insurance Get AI-powered advice on this job and more exclusive features. Job Summary
The Senior Actuarial Analyst, working with limited supervision, conducts complex analyses, provides recommendations, and leads special actuarial projects. The role applies highly technical actuarial acumen and skill set in completing assignments and works to improve processes in the actuarial department. The role researches and develops best practices pricing techniques to be implemented across the business, serves as a mentor to less experienced professionals, provides general expertise on market trends and product performance and adheres to internal and external compliance requirements/standards. Job Summary
The Senior Actuarial Analyst, working with limited supervision, conducts complex analyses, provides recommendations, and leads special actuarial projects. The role applies highly technical actuarial acumen and skill set in completing assignments and works to improve processes in the actuarial department. The role researches and develops best practices pricing techniques to be implemented across the business, serves as a mentor to less experienced professionals, provides general expertise on market trends and product performance and adheres to internal and external compliance requirements/standards.
Job Responsibilities
Directs actuarial projects while applying actuarial skills and knowledge of the Company's insurance products and operations. Completes research, ensures accuracy of calculations and analyses, and meets project deadlines. Completes all complex actuarial assignments by following standard processes in areas like Pricing, Loss Reserving, Research and Development, etc. Provides input on the pricing of new and existing products, collaborates with the Underwriting and Product team, and determines loss and loss expense reserve recommendations. Assists in developing management reports that are used to monitor performance, behavior, and results of company goals and objectives. Develops and maintains adequate knowledge and awareness of industry activities through attendance at seminars, reading trade journals and magazines, and through personal contact with other insurance companies, state regulatory bodies, and professional affiliations. Gathers information, prepares reports, and creates datasets following already documented processes in support of the Actuarial Department. Prepares collateral for defending state filing materials, estimates unpaid loss and loss expense liabilities, provides support to Finance Reporting, and partners with the IT team to implement rate and rule changes in rating. Provides ongoing review and improvements of pricing and processes for greater automation, accuracy, and rate adequacy. Supports peers and less experienced professionals, analysts, and associates in their respective activities on pricing, reserving, and research and development.
Job Qualifications
5+ years of insurance and/or business experience. 4+ years of actuarial experience. Bachelor's degree in Mathematics, Actuarial Science, Statistics, or a related field and/or commensurate work experience. Credit for completion of the following Casualty Actuarial Society work: passing the "Basic techniques for rate making and estimating claims liability" exam and completion all CAS preliminary requirements (e.g. exams, VEEs, online courses) prior to this exam.
Behavioral Competencies
Collaborates Customer focus Communicates effectively Decision quality Nimble learning
Technical Skills
Financial Acumen Knowledge of Programming Languages Statistical Modelling Software Pricing Modeling Statistical Analysis Predictive Analytics Corporate Reserving Data Analysis and Reporting Actuarial Analytics Insurance Industry Knowledge
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
Equal Opportunity Employer
United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.
United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Insurance Referrals increase your chances of interviewing at Westfield Insurance by 2x Get notified about new Senior Actuarial Analyst jobs in
Westfield Center, OH . We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr