Senior Actuarial Analyst
Proassurance

An exciting opportunity exists to join the ProAssurance family of companies!

Our mission is powerful and simple: We protect others. Choosing a place to apply your talents is an important decision for anyone. You have plenty of options. Why choose ProAssurance?

At ProAssurance, we sell a pledge, and that pledge is delivered by our team members. We are seeking individuals who value integrity, leadership, relationships, and enthusiasm-and want to build their career with a great company where they can be their authentic self and feel valued, recognized, and rewarded for their contributions. ProAssurance specializes in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are an industry-leading specialty insurer operating in all 50 states, with in-office, hybrid, and remote job opportunities around the country.

This position supports our medical professional liability line of business. Ideally, this position is hybrid and based in Birmingham AL; however, we will consider qualified candidates located elsewhere in the US to work a fully remote work arrangement.

We may fill the position at a different level depending upon candidate qualifications.

Job Summary:

The Senior Actuarial Analyst uses statistical models to analyze data and calculate profitability and rate/price adequacy, and the probability of costs associated with certain events. Through a broader understanding of different rate making techniques and complex reinsurance treaties, this person is able to identify areas that need attention, understand when to use different techniques and provide solutions. In addition, this position requires a mastery of actuarial functions as well as a mastery of reserving techniques and substantial knowledge of compliance as it pertains to the actuarial function and assists in ensuring that statutory requirements are fulfilled. The Senior Actuarial Analyst will work with minimal supervision and must be able to independently perform complex assignments, such as consolidated reserving and complex reinsurance treaties, in addition to providing problem resolution. This individual coaches others in the department and manages one or more processes or controls.

Essential Duties and Responsibilities:

• 30% - Responsible for quarterly and annuals financial reporting including but not limited to Schedule P, Statutory Page 14, and Supplement A to Schedule T, includes managing the process for consolidated reserves and complex reinsurance agreements.
• 20% - Develop and analyze rate indications and loss development factors. Prepare analyses for rate making decisions.
• 10% - Reviews (both technical and peer) work products from co-workers.
• 10% - Performs special projects as directed by management and other related duties as required.
• 7% - Coach, develop and mentor team members.
• 5% - Performs class plan and territory analysis.
• 5% - Assists with data collection and analysis.
• 5% - Represents Actuarial, working cooperatively with other departments in meetings and on projects, such as developing actuarial process for new operating systems and coordinating actuarial functions to meet compliance requirements.

Secondary Responsibilities:

• 3% - Prepares rate filings for insurance departments.
• 3% - Responds to statistical data calls and data requests from state insurance departments and other governmental or industry entities including interfacing with other departments (Claims, Underwriting, Legal) as required.
• 1% - Creates rate spreadsheets that contain data to be uploaded into the policy administration system.
• 1% - Maintains spreadsheets that store miscellaneous company, competitor, and industry information. Explains include class plans, indicated specialty relativities, rates (by states), ratemaking assumptions and expenses.

Qualifications:

• Bachelor's degree in mathematics or financial related field.
• A minimum of 10 years' actuarial experience.
• Completion of 5 or more actuarial exams preferred.
• Substantive knowledge of the insurance industry.
• Superior written and verbal communication and problem-solving skills.
• Must be proficient with Microsoft Office Suite including Access.
• Experience using a mapping software such as MapInfo is preferred.
• Use programming languages to develop spreadsheets, databases, and statistical models.
• Must be able to identify trends and patterns in complex data sets.
• Explain complex ideas and technical data to different audiences.
• Ability to successfully lead teams and work well with others.

#LI-Hybrid

We are committed to providing a dynamic and inclusive environment where everyone can do their best work and grow personally and professionally.

For that reason, we partner with The Predictive Index (PI) - an organization equally committed to improving the working lives of people, to help us hire the best talent by providing additional insight about one's work style.

The position you applied to requires completion of two assessments prior to being scheduled to interview with a hiring manager. Completion of the assessments is not required in order for your application to be reviewed and to speak with a Talent Acquisition team member. These assessments are Behavioral and Cognitive (internal candidates will only receive the Behavioral assessment), and each assessment takes less than 12 minutes to complete.

After submitting your application, you will receive two emails from The Predictive Index inviting you to complete each of these assessments (please check your SPAM or Junk email folder if you do not see these emails in your inbox).

Position Salary Range$96,465.00 - $159,184.00The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.

Build your career with us and enjoy access to a best-in-class benefits program.

This job has expired.