Whitehouse Station, NJ
4 days ago
Senior Actuarial Analyst

MAJOR DUTIES & RESPONSIBILITIES:                                                                                                                                           

Collaborate with other areas of PRS (ex: Product Management, I/T, Data Sciences, etc.) to implement a new Homeowners By Peril rating plan using the “Radar Live” software application, as well as revisions to that rating plan. Support the externalization of other products and rating plans (ex: Valuable Articles and Legacy Homeowners) into “RADAR Live” as part of PRS’s broader technological transformation efforts.  Explore additional analytical capabilities enabled by RADAR to improve speed to market related to the rate change cycle and enhance our ability to scenario test and create optimal rating. Produce state-level Homeowners rate indications and present key findings to actuarial and business management. Collaborate with product managers to develop detailed rate level changes on a state by state basis.  Quantify impacts of rate change proposals and communicate findings to management via clearly laid out reports, presentations and exhibits. Convert existing Excel based tools to Radar to enable more efficient rating analysis and implementation. Provide actuarial support for rate filings. Participate in the annual countrywide Profitability Study. Contribute to the improvement, creation, and/or implementation of processes to expand capabilities, improve efficiency, modernize tools, and enhance overall effectiveness.

MINIMUM REQUIREMENTS:

Minimum of four (4) years of insurance industry pricing experience, preferably in Personal lines. Experience with developing automated rating calculations in tools such as Radar, Python, SAS or similar is strongly preferred. Strong analytical skills with the ability to provide clear and concise verbal and written communications of analyses, financial results, and work products.Highly detail oriented with excellent organization skills along with the ability to maintain adequate documentation and record keeping.Ability to work independently and recommend/formulate innovative solutions when confronted with new problems.Bachelor’s or Masters degree in Actuarial Science, Mathematics, Statistics, Finance or similar technical discipline.
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