Workers'​ Compensation Insurance Rating Bureau of California (WCIRB)

Lead Actuarial Analyst

Workers'​ Compensation Insurance Rating Bureau of California (WCIRB)

full-time

Posted on:

Location Type: Hybrid

Location: San FranciscoCaliforniaUnited States

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Salary

💰 $160,000 - $170,000 per year

Job Level

Tech Stack

About the role

  • Leads the analysis and evaluation of statistical data pertaining to pure premium rates; identifies trends or cost drivers; prepares materials for committees or rate filings to evaluate impact of various cost drivers on pure premium rates.
  • Leads actuarial analyses of aggregate data and ratemaking methodologies; recommends adjustments to actuarial ratemaking methodologies to the Vice President, Actuary and Chief Actuary; periodically validates appropriateness of methodologies.
  • Provides key deliverables and correspondence with WCIRB members and other customers, such as the insurance department and governmental agencies, on complex data and other technical issues, with minimal or no supervision.
  • Represents Actuarial department and provides subject matter expertise on actuarial data and data collection processes to representatives of other units of the WCIRB on various cross-functional projects and issues.
  • Prepares, reviews, and analyzes various studies of aggregate and classification experience for rate filings and other reports produced by Actuarial Services included those presented to WCIRB Committees and Working Groups.
  • Leads the Actuarial team’s efforts in collaboration with the IT department on the development and changes to applications used by the Actuarial team and customers to submit, retrieve, and/or analyze data.
  • Supervises the development and maintenance of data products and oversees the fulfillment of data requirements pursuant to statutory and regulatory mandates.
  • Performs peer reviews of analysts’ work.
  • Supervises actuarial analysts in various aspects of analyses; oversees progress of projects and guides projects to completion in an accurate and timely manner.

Requirements

  • Educational background (Bachelor’s degree or above) in technical field such as mathematics, actuarial science, applied statistics, or economics.
  • Five years of experience as an actuarial analyst in a property/casualty insurance company, rating organization, consulting firm, or a state insurance department.
  • Very strong professional communication skills, both verbally and in writing.
  • Strong listening and interpersonal skills.
  • A high level of ability in the utilization of mathematical techniques for the analysis of statistical information.
  • The ability to develop a complete theoretical framework with precisely-defined relationships, as necessary in special studies or rate revisions.
  • Very strong proficiency in the following three areas with six years' experience preferred: mathematics, applied statistics, and programming (in a language such as VBA, SQL, R, or Python).
  • Proficiency in Microsoft Office Suite.
  • Associate of the Casualty Actuarial Society (CAS) or at least six CAS exams with extensive related experience.
Benefits
  • Hybrid work environment (40% onsite 60% remote)
  • Medical, dental and vision benefits
  • Competitive PTO Program
  • 401K and pension plan
  • Annual incentive plan
  • Social activities
  • Community volunteer involvement

Applicant Tracking System Keywords

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

Hard skills
actuarial analysisratemaking methodologiesmathematicsapplied statisticsprogrammingVBASQLRPythondata analysis
Soft skills
professional communicationlistening skillsinterpersonal skillsleadershipproject managementsupervisioncollaborationanalytical thinkingattention to detailproblem-solving
Certifications
Bachelor's degreeAssociate of the Casualty Actuarial Society (CAS)CAS exams