Actuary Job at Edgewater Actuarial Insights LLC, Itasca, IL 60143

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Job Description

SKILLS/COMPETENCIES REQUIREMENTS:

  • Works well independently and in a team environment.
  • Detail oriented and high level of accuracy.
  • Strong interpersonal and communication skills.
  • Advanced skills in Microsoft Excel.
  • Organization, planning and prioritization skills.
  • Strong analytical, problem solving and judgment skills.
  • Effective time management skills, including the capability to balance multiple projects with competing deadlines.
  • Takes initiative on projects and assignments.
  • Strong mathematical skills, and a deep understanding of risk management.
  • Ability to translate actuarial research into written recommendations.
  • Intermediate programming skills (SQL, Python, R,).


ESSENTIAL DUTIES AND REPONSIBILITIES:

  • Support the rate review process by preparing rate indications, analyzing specific components of rating, developing pricing proposals and calculating impacts.
  • Provide data to support underwriting decision-making.
  • Assist with analysis on project initiatives.
  • Evaluate success and drive continuous improvement in product enhancements.
  • Solve complex business problems by leveraging analytical and actuarial techniques.
  • Provide support in the preparation and presentation of materials for clients.
  • Perform statistical data analysis in support of new product development.
  • Analyze market, industry, competitor, legal, and regulatory trends and use these to provide actionable insights that drive the business of both the company and its customers.
  • Gather and compile statistical data via Excel, Access, or data management programs, to develop reports facilitating and supporting pricing, reinsurance reporting, and valuation function.

Education Qualifications:

  • Bachelor’s Degree in actuarial science, mathematics, statistics, or business-related discipline. 2+ years Actuarial experience (required) and 3 Exams passed (required).

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