Actuarial Executive
3 weeks ago
**Job Summary**:
Acts in an actuarial capacity while in pursuit of an actuarial qualification, performing duties which are of a mathematical and/or financial nature, in order to provide highly accurate data and analyses for use by Actuaries in the evaluation of reserves, financial reporting or the pricing of business.
**Job Accountabilities - Key Accountabilities**:
- Calculates actuarial best estimate reserves (loss and premium), planning, and profitability analyses for defined segments of insurance business.- Performs research, loss emergence studies, and other statistical analyses.
- Ensures that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
- Calculates pricing or rate indications for new/renewal business, and assist in price monitoring, planning, and profitability analyses for defined segments of insurance business.
- Performs research, experience studies and other statistical analysis.
- Prepares premium rate filings, schedules of statistics/statistical analyses, and financial statements.
- Tests and maintains pricing models and tools.
- Performs experience investigations and data validation.
- Establishes and runs actuarial cash flow models for use in actuarial reporting.
- Provide support for calculation of statutory reserves and financial valuations.
- Provides product development and pricing support.
- Executes and tests pricing models.
**Additional Job Functions**:
- Solves problems on portfolios with a limited level of complexity / diversity.
**Business Accountabilities**:
- Provide basic actuarial services in order to fulfill routine business requirements.- Performs statistical analysis, model and analyze data and develop models/programs for model building and analyses; interpret results of models and analyses.
- Compile and categorize data, documents and verify factors and assumptions used in computations to ensure robust output.
- Develops risk based capital models as well as parameterization and allocation activities to support actuarial services.
- Participate in the evaluation and review of new/proposed processes and systems, where analysis is conducted to support the implementation of upgraded systems.
- Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to build value-adding, relevant technical knowledge.
- Work with actuarial colleagues in becoming familiar with company operations, business objectives and actuarial methodologies in order to be able to provide analytical support across an increasing breadth of scenarios.
- Actively pursue local actuarial qualification and demonstrate consistent progress towards designation in order to maintain the talent pipeline for Actuarial.
**Performance Management Accountabilities**:
- Model behaviors that demonstrate commitment to corporate values.
- Provide input into performance management discussions of project team members
- Educate team members and business partners on area of technical expertise.
- Provide guidance and support for team members.
- Take action to manage own personal development and encourage others to do the same.
**Job Qualifications**:
- Required:
- Zurich Certified Insurance Apprentice, including Associate Degree and 2 or more years technical/insurance experience
OR- Bachelors Degree with 3.0 cumulative GPA and No prior experience required in the Actuarial area
AND- Successful completion of one or more actuarial exams
Preferred:
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