Actuarial Analyst - Pricing

Posted 12 Hours Ago
Be an Early Applicant
Chicago, IL
Junior
Insurance
The Role
The Actuarial Analyst will support multiple lines of business by monitoring portfolios, evaluating ratings, and assisting with annual planning. Key responsibilities include developing rating tools, premium budgeting, pricing of programs, and preparing reports while applying actuarial principles to analyze data.
Summary Generated by Built In

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The Core Specialty Actuarial Pricing team is looking for an Actuarial Analyst. This role is primarily responsible for supporting the Property, Marine & Energy, and Surety lines of business. This role will primarily focus on monitoring the portfolio, supporting and evaluating rating, evaluating new opportunities, and supporting the annual planning process.

Key Accountabilities/Deliverables:

  • Supports the Property, Marine & Energy, and Surety divisions in the duties described below

  • Assists with the development of new rating tools when requested, while supporting existing rating tools

  • Assists with premium budgeting and loss ratio planning as requested

  • Supports pricing of new program opportunities and existing programs and product lines with technical pricing, expected loss ratios, indicated capital utilization, and any reinsurance analytics as requested

  • Assists with preparations of monthly, quarterly, and/or ad-hoc reports as needed, while synthesizing and shaping key messages

  • Supports rate filings as requested

  • Applies fundamental actuarial principles in analyzing company and industry data to prepare actuarial analyses

  • Prepares and may help present summaries of actuarial analyses for distribution to business partners and senior leadership

  • Participates in the development and documentation of actuarial department processes

  • Prepares for and progresses in the CAS examinations through on-the-job and home study

  • In addition to the above key responsibilities, you may be required to undertake other related duties from time to time as the Company may reasonably require.


Technical Knowledge and Understanding:

  • Ability to demonstrate sufficient progress in understanding and applying basic actuarial principles

  • Studying for and showing a commitment to the actuarial exam process; must have 1 exam passed, preferably has 2 exams passed

Experience:

  • Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Economics, Finance, or a related field

  • At least 1 year of prior experience in an Actuarial position

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
#LI-Hybrid
 

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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program

Top Skills

Mathematics
Statistics
The Company
HQ: Cincinnati, Ohio
390 Employees
On-site Workplace

What We Do

Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses.
We have the capital to take on risk, the underwriting talent in place, decisive leadership team, infrastructure, and a proven track record of making things happen – fast!

When you’re ready to solve your toughest insurance needs, we’re ready to get it done for you.
We free customers up to focus on their business by taking the load of complicated specialty insurance off their hands.
We break down the walls of bureaucracy to provide optimal underwriting solutions for brokers.
We’re ready, equipped, and motivated to get the job done, efficiently and professionally, by empowering experts with what they need to move quickly on behalf of customers and their brokers.

Our specialty focus is the essential part of our identity.
It is at our core

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