GAINSCO Auto Insurance markets non-standard private passenger automobile products through retail agencies in Texas, New Mexico, Arizona, Oklahoma, Florida, Georgia, Virginia, Tennessee, Utah and South Carolina. GAINSCO Auto Insurance has fully integrated insurance capabilities, including marketing, underwriting, customer service and claims handling. Our operations are bilingual (English/Spanish).
Job Function: Working with Department, Product and Regional Office business partners to help to achieve company's financial goals through actuarially sound product pricing and through reserving adequacy.
Programming, Data, and Business monitoring reports:
Aid in the development of new reports, and the migration of old reports to new platforms.
Utilize extensive programming skillset and database manipulation to provide improve and streamline reports, information and processes into user-friendly reports and dashboards (e.g. Microsoft Power BI).
Maintain monitoring reports.
Detect data problems and communicate issues; Answer questions from report users.
Rate reviews and rate change proposals. Assist senior level actuarial team on pricing projects. Perform actuarial review of rates and produce rate indication data. Participate in rate change product meetings. Calculate rate change proposal impacts on book of business. Produce rate change impact frequency histogram exhibits. Run data queries off AS-400 system; use SAS to manipulate data into useable pricing template formats.
Work with IT to deliver production rates timely and accurately.(Prepare system rate set loading tables, rate checkers and rate pages.)Load and test rates in conjunction with Product and IT staff to ensure accurate rates in production.
Business monitoring reports. Design and maintain monitoring reports. Detect data problems and communicate issues. Answer questions from report users. Provide improvement ideas on streamlining and automating processes.
Assist senior level actuarial team on reserving projects. Produce loss triangle data and premium-exposure data. Cross check data with internal files and with accounting financial files.
Produce required exhibits for quarterly financial reporting and audit support. Prepare IBNR (Incurred But Not Reported) information for accounting allocation split files; prepare audit book triangle files; assist auditor testing.
Produce catastrophe reinsurance model exposure data for reinsurance broker. Collaborate with accounting and claims staff on collecting and evaluating catastrophe claims history information.
Run data queries off AS-400 system; use SAS to manipulate data into useable pricing template formats.
Career Development Considerations:
Pursue actuarial designations through CAS actuarial exam system.
On the job depth should be gained in insurance, applying actuarial knowledge and learning new skills and techniques.
Participate in mutually agreed to internal and external training classes.
Completion of at least one actuarial exam.
Minimum of 1 or more years of expert on-the-job programming and database experience.
Minimum of 1 or more years of Property/Casualty Insurance actuarial pricing / reserving work experience with working knowledge of actuarial pricing / reserving methods is preferred.
Prefer insurance or other relevant work experience.
Skills and Abilities:
REQUIRE Minimum 1-2 years of full-time, daily SQL programming experience. Ideally working with Microsoft SQL Server and relational database experience.
REQUIRE Minimum 1 year of full-time, daily SAS programming.
REQUIRE advanced computer skills and master of Microsoft Excel.
Strongly prefer experience in or exposure to VBA, R, AS400, Microsoft Power BI, and other MS Office products.
Excellent organizational skills; keen attention to detail.
Advanced skills in performing mathematical calculation
Excellent verbal and written communications skills.
The ability to gather information and express ideas effectively to individuals and groups at all levels of the organization.
Understanding of non-standard auto insurance is preferred.
Communicate with co-workers, management, customers, vendors, and others in a courteous and professional manner.
Conform with and abide by all Company codes, regulations, policies, values, work procedures and instructions.
Adherence to Company attendance policy.
Education: Bachelor's degree, with preference in a quantitative analytical field such as Actuarial Science, Math, Statistics, Data Science, Programming, Finance and Economics; preference is also given to those who are actively pursuing CAS actuarial designations through continuing coursework and examinations.
We offer competitive salary and excellent benefits: medical, dental, vision, 401K Retirement Savings Plan, life and accident insurance, short term and long term disability insurance, company sponsored actuarial career development program. EOE.
All offers are contingent upon a background investigation (including employment, education, criminal and DMV verification, if required) and a pre-employment drug test with results satisfactory to GAINSCO.