What are the responsibilities and job description for the Associate Actuarial Analyst - Remote Opportunity position at GuideOne Insurance Career Center?
As the Associate Actuarial Analyst, you will be responsible for supporting the company's reserving and loss ratio forecasting processes. You will assist in the development and maintenance of actuarial models and tools to estimate loss reserves and evaluate the adequacy of carried reserves. You will analyze company data to identify trends, patterns, and emerging issues that may affect loss ratio and reserve adequacy as well as work with internal partners to collect, validate, and analyze data. You will assist in the preparation of reports and presentations to communicate the results of actuarial analyses to stakeholders. To be successful in the role, you will participate in the documentation of reserving and loss ratio forecasting practices in accordance with industry standards and regulatory requirements as well as stay informed of developments in the actuarial field, including changes to regulatory requirements, industry trends, and emerging issues that may impact reserving and loss ration forecasting processes.
Responsibilities:
- Completes rate level indications, rate comparisons in support of profitability analyses and filings.
- Completes quarterly reserve analysis along with a more in-depth annual reserve analysis, by line of business, including ALAE.
- Partner with filings team to coordinate the actuarial support necessary for rate filings.