EMC Insurance Companies

Senior Actuarial Analyst – Predictive Modeling

EMC Insurance Companies

full-time

Posted on:

Location Type: Remote

Location: IowaUnited States

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Salary

💰 $72,726 - $99,800 per year

Job Level

Tech Stack

About the role

  • Performs moderately complex actuarial work for ratemaking, reserving and/or modeling
  • Completes and coordinates the completion of pricing, reserving, and/or modeling work assignments including data preparation and analysis, and presents recommendations to key stakeholders
  • Applies industry standard methodologies and techniques for pricing, reserving, and/or modeling
  • Demonstrates methodologies and assumptions for other team members as appropriate
  • Tests, measures, and documents impacts of changes to methods, assumptions, and model variables
  • Researches market trends and emerging issues for potential impacts to EMC and opportunities for implementation
  • Ensures actuarial work conforms to professional standards
  • Recognizes, acknowledges, and documents assumptions, biases, and limitations
  • Detects and corrects errors in own and others’ work as identified in part of a peer review process
  • Utilizes Microsoft office products such as Excel, Word, PowerPoint, Power BI, as well as programming languages such as SQL to perform moderately complex pricing, reserving, and/or modeling analysis
  • Develops and maintains dynamic and macro driven Excel templates and data solutions for each line of business, state, and program
  • Addresses unique operational issues requiring special attention such as challenges posed by state regulatory requirements and/or changing economic environment

Requirements

  • Bachelor’s degree in actuarial science, math, or statistics
  • Two years of actuarial experience, relevant internship experience will be considered
  • Completion of VEEs and at least two actuarial exams
  • Strong knowledge of mathematics, probability, statistics, and financial mathematics
  • Proficiency in Pricing or Reserving in at least 2 lines of business
  • Strong knowledge of Microsoft office products (Excel, Word, Powerpoint, Power BI)
  • Knowledge of at least one programming language, such as SQL preferred
  • Strong analytical, investigation, and problem solving abilities
  • Knowledge of P&C organization structure, including claims and underwriting processes
  • Knowledge of basic accounting principles
Benefits
  • Health insurance
  • 401(k) matching
  • Competitive paid time off plan
  • Full day of volunteer time off annually
  • Professional development and growth opportunities including tuition reimbursement
  • Wellness initiatives to improve team member well-being and reduce health insurance costs
  • Flexibility to dress for your day and opportunities for alternative work arrangements
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
actuarial workpricingreservingmodelingdata analysismathematicsprobabilitystatisticsfinancial mathematicsaccounting principles
Soft Skills
analytical abilitiesinvestigation skillsproblem solvingcommunicationteam collaborationattention to detailpeer reviewstakeholder engagementmethodology demonstrationerror detection
Certifications
Bachelor’s degree in actuarial scienceBachelor’s degree in mathBachelor’s degree in statisticsCompletion of VEEsActuarial exams