It's a great time to join AAA The Auto Club Group!
JOIN THE TEAM COMMITTED TO DRIVING YOUR CAREER FORWARD
Job Type:
Full time
Exempt/Non Exempt:
Salary
Job Description:
Associate Actuary - The Auto Club Group
What you will do:
Coordinates and participates in the development of ultimates for current or new property/casualty insurance coverage and products. Coordinates and executes quarterly ultimate analyses to ensure reserves are adequate, not excessive or unfairly discriminatory, and internally consistent with experience. Leads department efforts in the research, design and implementation of new actuarial business and project plans. Reviews industry reserve trends and provides feedback. Provides support to other areas in the interpretation of reserving data. Represents the finance department on internal and external project teams, task forces and meetings. Performs inflation and tail factor analysis. Prepares and presents information and recommendations to Senior Leaders, internal and external audiences.
Participates in the preparation and actuarial review of underwriting, pricing/product, and claims information. Reviews and analyzes recommendations for improving methods, analysis and data gathering techniques used by the actuarial reserving team. Assesses the impact of assigned projects/initiatives on the organization in terms of underwriting, claims, marketing, pricing/product and other business areas. Keeps current on new legislation/requirements. Provides recommendations to management regarding changes to product design or reserving structure and follow-up on system modifications. Prepares budget estimates and projections for review and ensures resources are adequate to support current and planned goals and objectives.
Supervisory:
Participates in the department process related to the selection, hiring, training, and development, coaching and counseling of assigned staff.
How you will benefit:
Associate Actuary will earn a competitive salary of $140,000 - $170,000 annually with annual bonus potential based on performance.
Excellent and comprehensive benefits packages are just another reason to work for the Auto Club Group. Benefits include:
401k Match
Medical
Dental
Vision
PTO
Paid Holidays
Tuition Reimbursement
We're looking for candidates who:
Required Qualifications:
Education:
Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field
Designation of Fellow of the Casualty Actuarial Society and six years of experience in an actuarial environment
Maintain eligibility in the Actuarial Professional Development Program following department guidelines
Experience in six or more of the following:
Calculating reserves
Calculating tail factors on long tail lines
Calculating stochastic reserves
Formulating and interpreting mathematical models
Completing actuarial research relating to insurance operations
Preparing quarterly rate indications
Preparing property and casualty rate filings
Preparing competitive product and rate comparison analysis reports
Pricing property and casualty insurance products
Extensive experience:
Coordination and execution of projects
Managing actuarial students
Use of statistical tools and software applications to complete assignments
Preparing reports and exhibits for management review
Analysis of technical studies and data and draw sound conclusions
Knowledge and Skills:
Knowledge of:
Insurance terminology, techniques, and concepts
Actuarial methods and principals to obtain indications, complete projects, analyze results and make recommendations
Extensive knowledge of personal lines insurance industry and competitors' product offering
Extensive knowledge of insurance industry trends and competitive environment
Demonstrated skills in:
Preparation/presentation of material
Managing workflow to achieve multiple goals
Working individually and as part of a team
Improving efficiency and effectiveness of the team
Researching and mastering a new area or approach, e.g. statistical software, insurance system, etc.
Ability to:
Make oral presentations to business units
Represent the department on inter-department teams
Ability to manage and train Actuarial staff in the following:
analysis of premium, claim, expense and economic data
completion of management reports, rate filings and pricing analysis
Preferred Qualifications:
Master or Doctoral Degree in Mathematics, Actuarial Science, Statistics or related field
Extensive experience in personal lines Property and Casualty with specific focus on actuarial reserving or research
#appcast
Work Environment
This is a hybrid work arrangement (time spent in office and remote). Depending on the employee's role and leadership's assessment, some employees will come in to an ACG facility on a weekly basis, a monthly basis, or on an "as needed" basis for key meetings and collaborative activities. Most employees will be required to come into the office, at a minimum, for important departmental meetings or team building events.
Who We Are
Become a part of something bigger.
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As an equal opportunity employer, ACG is committed to providing equal opportunity in all employment practices,
including but not limited to: selection, hiring, assignment, re-assignment, promotion, transfer, compensation,
evaluation, benefits, training and development, discipline and termination. The company prohibits discrimination,
harassment, and retaliation in employment based on race, color, religion, national origin, gender, sexual
preference/orientation, marital status, pregnancy, childbirth or related medical conditions, age, disability or
handicap, citizenship status, service member status, genetic information, or any other category protected by
federal, state, or local law. Violation of this policy may result in disciplinary action including termination of
employment.
