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Actuarial Senior Analyst(Open to REMOTE)

Company: Homesite
Location: Madison
Posted on: March 17, 2023

Job Description:

Homesite Insurance was founded in 1997 and was one of the first companies to enable customers to purchase home insurance directly online, during a single visit. Since then, we've continued to innovate rapidly to meet the needs of our customers and their changing expectations.One thing that's stayed the same since our founding: our commitment to our customers, partners and employees.Join us on our journey as we continue to grow into a powerful contender in the field of insurance.Compensation may vary based on the job level and your geographic work location.Compensation Minimum:$76,100 AnnualCompensation Maximum:$126,800 AnnualThe Enterprise Small Business Reserving team is looking for a Senior Actuarial Analyst to perform loss reserving analysis and loss ratio reporting. The primary role will be to execute and enhance quarterly and monthly reserve analyses, understand and report on profitability metrics, assist with loss ratio forecasting, and communicate financial information to various stakeholders.

The successful candidate has excellent technical skills and is a creative, out-of-the-box thinker who is intellectually curious with a demonstrated interest in learning. This person will also need to be a self-motivated, high-energy individual who can easily function in a fast-paced, performance-driven environment. They must be accustomed to working on multiple tasks in parallel and committed to meeting deadlines, including some with short time frames.Primary Roles and ResponsibilitiesReserve Analysis

  • Perform and enhance quarterly and monthly reserve analyses for commercial lines and communicate results to leadership.
  • Collaborate with business partners in Claims, Reserving, and Product to understand impact from internal and external factors on reserves, loss development patterns, and trends.
  • Support technical and data initiatives to improve the reserving process.
  • Address ad hoc reserving analyses and research as requested.Loss Ratio Reporting
    • Maintains and enhances processes and standards for report automation, report distribution, and tool / information access.
    • Draws insights from data and clearlycommunicates complex findings to stakeholders and external customers.Loss Ratio Forecasting
      • Executes, maintains, and enhances forecasting models.
        • Conducts business analysis to support and drive business decisions and forecast results.Analytics Support
          • Provides analytic services to the Product and Actuarial functions within the division.
          • Sources data for analytics projects; assesses data quality.
          • Partners with database and data analytics teams to ensure quality reporting and analysis.Qualifications:
            • Experience: 2 - 4+ years P&C actuarial experience
            • Educational Credentials: Bachelor's degree in Mathematics, Statistics, Economics, Finance, Actuarial Science, or another quantitative field of study required.
            • Actuarial Exams: 3 - 5+ Actuarial Exams passed; potentially ACAS
            • Analytical Expertise: Capable of conducting quantitative analysis; strong problem solving and troubleshooting skills; proficiency with Microsoft Excel and other Business Intelligence applications a plus.
            • Technical Knowledge: Experience with database tools and software packages including SQL, R, and Python a plus.
              • Teamwork and Adaptability: Ability to be flexible and work as part of a team in dynamic business environment.#LI-Remote#LI-AB1When you work at Homesite you can expect benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, and a paid-time off program. In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Enterprise benefits.Stay connected: Join Our Enterprise !

Keywords: Homesite, Madison , Actuarial Senior Analyst(Open to REMOTE), Professions , Madison, Wisconsin

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