National General Insurance

National General Insurance

Actuarial Analyst I

Milwaukee, WI
Full Time
Paid
  • Responsibilities

    PRIMARY PURPOSE:

    Entry-level position with responsibility for collecting, reviewing, and analyzing data to determine relationships, trends, and issues

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

    Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

    • Develop pricing recommendations and/or reserving projections by performing analysis that involves retrieving, reviewing and analyzing appropriate data and populating actuarial models
    • Assist with analysis and implementation of changes to existing pricing models and/or reserving models as well as the development of enhancements to improve prediction accuracy
    • Demonstrate ability to organize and summarize analytical data
    • Develop conclusions from data analysis and present results to stakeholders
    • Perform deep-dive data reviews that require analysis of trends, factors, and other data-related issues to answer specific business questions
    • Provide support for required filings and follow-up questions from regulators or auditors related to pricing or reserving models
    • Provide support for regulatory filings including state surveys, annual statement, supplemental healthcare exhibit, and MLR
    • Assist in analyzing financial results, profitability and forecasting
    • Communicate and collaborate with internal business partners in other functional areas including product, finance, accounting, claims, IT, and senior management
    • Analyze the impacts and benefits of new products and rating characteristics
    • Identify and implement improvements to processes (spreadsheets, coding, etc.)
    • Seek a greater level of understanding around products, sales and policy administration
    • Ask questions outside of individual projects, demonstrate intellectual curiosity
  • Qualifications

    MINIMUM SKILLS AND COMPETENCIES:

    The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    • Bachelor Degree or in-lieu of degree equivalent education, training and work-related experience
    • General understanding of the insurance market
    • Interest in pursuing ASA desgination
    • Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint, Access)
    • Demonstrated understanding of relational databases, data extraction, and ability to organize and analyze complex data sets
    • Strong analytical, critical thinking, and project skills
    • Must possess effective verbal and written communication skills
    • Ability to project results, work with ambiguity, solve problems, make decisions, identify trends/patterns within data sets, and communicate root causes
    • Must be able to work independently as well as in a team environment
    • Experience in SAS/SQL/VBA programming
    • Demonstrates ability to interpret state and federal insurance regulations
    • Able to interpret data and offer preliminary recommendations based on the results of the analysis
    • Able to meet multiple deadlines and work on multiple projects at the same time
    • Actively participate in meetings and asks questions
    • Makes timely decisions, knows priorities and recognizes deadlines
    • Keeps commitments, produces accurate results and meets deadlines
    • Accepts and responds to changes within their own area of responsibility
    • Learns from mistakes
    • Use concrete examples and data to support position
    • Perform routine work under immediate or general supervision
    • Ability to work extra hours

    DESIRED SKILLS:

    • Bachelor or advanced degree in insurance, actuarial science, engineering, mathematics, statistics, risk management, economics, business administration or related analytics-oriented discipline.
    • 1+ actuarial exams passed
    • Proficiency with Microsoft Access
    • Proficiency with VBA
    • 2+ years of relevant industry experience
  • Industry
    Insurance
  • Fun Fact
    We're a company of many niche businesses where you can grow and thrive in many different disciplines.
  • About Us
    National General is a leading insurance carrier which has been in the industry since 1939. Through subsidiaries and other affiliated companies, National General offers homeowners, flood, personal and commercial auto, RV, motorcycle, life, accident and supplemental health insurance products. National General Insurance is a thriving company committed to ensuring that our employees achieve their personal best. Our employees are advancing their careers at a best-in-class insurance provider that is an industry leader in innovation. We give employees resources which enable them to take charge of their own future success.