Actuarial Analyst - Property/Casualty

Country Financial Bloomington , IL 61701

Posted 2 months ago

COUNTRY Financial has two Actuarial Analyst opportunities within the Property/Casualty Actuarial Division. One role will focus on analyzing data and trends for purposes of determining pricing for our agribusiness and commercial lines product offerings and the other will focus on our home and auto product offerings. Be part of a dynamic team and experience the evolving new product management structure and the ever increasing sophistication of our rating plans and methodologies. Your actuarial work will expose you to an array of computational and product/business challenges through a continually changing set of assignments. Company provided actuarial exam support will help ensure progress towards becoming a designated actuary and bolster career development opportunities.

The person in this role develops basic to very complex actuarial formulas leading to the recommendation of extensive and impactful strategies. Provides consultation and clarification on actuarial models and risk issues, and influences management towards courses of action that have potentially sizeable impact on products, markets, underwriting, pricing, risk management, carried reserves and/or profitability. May direct simple to complex actuarial projects simultaneously, cross-functionally, as well as aspects of very broad, large and complex initiatives. May specialize in reserve analysis for loss or loss adjustment expenses or other company liabilities, economic capital modeling, pricing/product development including determining rating and pricing structures and premiums, and/or the origination and evaluation of rate structures for new product ideas, which are complex and strategic. In addition, supports research in the development in actuarial techniques, standards, and assumptions, and in the legal and regulatory environment. When involved in PC pricing, supports Product Line Directors in determining the product line's premium rates and pricing structures, profit forecasts, and other product line actuarial determinations.

  • This position is part of a job family. Placement will be determined by skills and qualifications of the candidate.

Responsibilities:

  • Researches and analyzes various types of data to produce rate adjustment proposals, reserve estimates or economic capital models; and/or actuarial support for filings with state insurance departments; and/or to implement new rates and rating plans, using existing procedures, recommending changes where appropriate.

  • Analyzes data towards developing and proposing solutions for actuarial issues.

  • Pursues a Casualty Actuarial Society designation at least through ACAS level. Maintains appropriate Continuing Education credit to maintain Actuarial credentials.

  • Researches and analyzes data for special projects within a defined scope. Serves as Property/Casualty Actuarial representative for project committees as assigned.

Preferred Qualifications:

  • 3 years Commercial and/or Agribusiness pricing experience (Commercial and Agribusiness position only)

  • 3 years Personal Lines (Auto and/or Homeowners) pricing experience (Personal Lines position only)

  • 5 actuarial exams completed

  • Experience with Property/Casualty rate level indication process

  • Demonstrated ability solving intermediate level actuarial/pricing problems

  • Computer skills including Intermediate/Advanced skills using Microsoft Office Suite and basic/intermediate programming skills

Required Qualifications:

  • Typically requires:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics or related field of study.

  • At least 2 years of actuarial student or related experience

  • OR, Master's degree in Actuarial Science, Mathematics, Statistics or related field of study experience

Physical Requirements:

  • Normal office environment.

  • Work may extend beyond normal business hours as business needs dictate.

For more details about careers at COUNTRY Financial, please visit us online at www.countryfinancial.com/careers

COUNTRY Financial does not generally sponsor individuals for employment-based visas for this position.

#LI-AH1


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Subrogation Property Adjuster

Wilber & Associates

Posted 1 week ago

VIEW JOBS 4/12/2019 12:00:00 AM 2019-07-11T00:00 We pride ourselves in being great at what we do and have developed a work culture that inspires innovation and pushing boundaries. We value our developer happiness, our tools and the quality of everything we do. Join us to work with a bunch of friendly, intelligent team members while honing your craft and becoming a better adjuster. * Experienced Subrogation Property Adjusters earn annual salaries of up to $88,000 including commissions; * Paid time off + public holidays * Health, Dental, Vision, etc. * 401K Retirement program with company match after 1-year employment Free coffee, monthly work parties on company time, and an amazing group of people to work with. Remote candidates must be available for two weeks of initial training at headquarters in Bloomington, IL and subsequent headquarters visits on an as needed basis. As a Subrogation Property Adjuster, you will: * Be responsible for investigations, adjustments, negotiations, while meeting individual and team production goals. * Perform skip tracing and other investigative work, with daily follow-up. * Prepare subrogation demands per department guidelines * Negotiate subrogation claims with adverse insurance carriers. * Research state laws to support and resolve claim, using proper procedures. * Contact responsible parties to negotiate a settlement on behalf of the client. Here at Wilber, we: * Provide client-partners with an excellent net return through continuously improved recovery management services. * Foster a community where team members provide excellent service to client-partners. * Strive to hand complaints up and compliments around and down, encouraging an environment of trust and professionalism. * Offer company activities that include quarterly off-site events, contests, and special events. * Are a family of team members that believe in doing the right thing for each other and the world around us. You are qualified if you: * Have a bachelor's degree or equivalent education and experience in the insurance industry, particularly subrogation. * Have one or more of these professional insurance designations: CPCU, AIC, AIS, AINS, or CSRP. * Are self-driven with proven track record of meeting and exceeding expectations. * Possess a competitive nature and positive attitude. * Are a good negotiator and think outside of the box. * Pass a criminal background check and drug screen. * Have computer skills such as typing, learning new software, general internet navigation. Wilber & Associates Bloomington IL

Actuarial Analyst - Property/Casualty

Country Financial