Primary Duties and Responsibilities:
Develops pricing for current or new property/casualty insurance coverage and products. Coordinates and executes scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory, and internally consistent with experience. Provides senior level analysis and preparation of competitive product and rate comparison reports. Formulates and interprets mathematical ratemaking models using available tools. Analyzes data, develops material and prepares appropriate communications.
Provides recommendations for improving methods, analysis and data gathering techniques used by the actuarial team. Works with Actuarial Support in gathering and verifying data for rate indications, rate revisions and special projects. Manipulates data for actuarial review using standard software packages. Determines relevant factors and researches suitable trend indications for analysis, providing material and oral support to recommendations made to management. Performs actuarial adjustments to meet the analysis purpose. Analyzes competitor’s rate structures and coverage. Develops and prepares competitor rate manual analysis. Prepares reports, proposals, system documents and documentation as required. Provides support/oversight to projects as required.
Works in a temperature controlled office environment.