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Quality Control Technician

Frankenmuth Mutual Insurance Co.

Quality Control Technician

Frankenmuth, MI
Full Time
Paid
  • Responsibilities

    Under general supervision and with independent judgment, applies knowledge of mathematics, probability, statistics, principles of finance and business to problems in property and casualty insurance, while providing actuarial support for pricing/product management and/or risk and reserving, by performing the following duties:

     

    Essential Duties and Responsibilities:

     

    Pricing/Product Management Actuarial Support:

     

    1. Prepares and reviews rate indications for major insurance lines of business, including:
    • Obtains premium and loss data using predefined or user created database procedures
    • Creates and/or maintains existing tools to obtain relevant indication assumptions
    • Researches and reviews multi variate rating results at various stages of model development, providing actuarial insight on potential model attributes
    • Reviews rate effect exhibits and assists junior staff in revising or correcting exhibits
    1. Provides pricing and product management support by:
    • Preparing and reviewing experience, expense or rate effect exhibits
    • Evaluating new product or product enhancement recommendations
    1. Develops and implements predictive analytics by:
    • Researching technology changes and trends
    1. Provides actuarial support on corporate projects such as:
    • Prepares the annual Permissible Loss Ratio Analysis
    • Provides actuarial recommendations on corporate issues such as internal rate of return
    1. Serves as a contributing member to project team(s), or leader of project team(s), coordinating resources to ensure achievement of project activities.

    2. Provides leadership to junior staff through guidance and training.

    3. Performs other duties as assigned.

    Required Skills Required Experience

    • Bachelor’s degree (B.A.) from four-year college or university, Associate level designation from The Casualty Actuarial Society (ACAS) with six or more years of actuarial experience; or equivalent combination of course completion and actuarial experience.

    • A minimum requirement for this position is the ability to work legally in the United States. No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.