Actuarial Analyst
Westfield Health
full-time
Posted on:
Location Type: Hybrid
Location: Chicago • Illinois • New York • United States
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About the role
- Assist in conducting profitability and segmentation analyses to identify profitable growth opportunities and areas requiring remediation.
- Prepare monthly and quarterly reports on pricing and portfolio performance, monitoring key actuarial metrics including risk-adjusted rate change, actual vs. technical price, and mix of business.
- Assist in building and analyzing exposure profiles to assess portfolio composition and concentrations of risk.
- Support regular improvements to technical pricing models including enhancements for unique structures and implementing more comprehensive data capture
- Collaborate with underwriting teams to perform pricing / profitability evaluations for individual accounts as needed.
- Partner with other functions to improve data quality and integration into pricing tools and analytical frameworks.
- Contribute to actuarial studies and research projects aimed at improving pricing sophistication, drawing on predictive modeling techniques.
- Assist in actuarial due diligence for new product launches and program opportunities, including development of pricing structures and regulatory support.
- Improve efficiency of data extraction and manipulation processes for routine projects.
- Communicate analytical insights to underwriting and business partners to inform decision-making and strategy.
Requirements
- Bachelor’s degree within Actuarial Science, Statistics, or similar technical field
- At least 2 Exams toward qualification by the Casualty Actuarial Society or equivalent professional body
- Actuarial or related internship experience at an insurance carrier, broker, or consultancy; understanding of actuarial concepts such as loss development and exposure rating
- Advanced skills in Microsoft Excel and familiarity with coding in SQL, VBA, or R/Python
- Experience with statistical modeling and predictive analytics
- Ability to work with large datasets and ensure data integrity
- Strong written and verbal communication skills and an ability to explain technical concepts to a wide audience
- Ability to prioritize competing demands and requests to complete work within required time constraints
- Self-starter that is energized by independent learning and research
Benefits
- Health insurance
- 401(k) matching
- Flexible work hours
- Paid time off
- Professional development
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
actuarial analysisprofitability analysissegmentation analysistechnical pricing modelspredictive modelingstatistical modelingdata extractiondata manipulationSQLVBA
Soft Skills
communication skillsanalytical skillsindependent learningtime managementcollaborationproblem-solvingprioritizationresearch skillspresentation skillsinterpersonal skills
Certifications
Bachelor’s degree in Actuarial ScienceBachelor’s degree in StatisticsCasualty Actuarial Society Exams