Actuarial Analyst

Pharmacists Mutual • Des Moines, IA, US • 2w ago

Pharmacists Mutual Insruance has and opening for an Actuarial Analyst. This role applies analytical skills to quantify risk and financial consequences. The position aids in designing, pricing new products, and revising rating plans. It also compiles data and performs miscellaneous research activities for use on analysis of experience, development of forecasts, and revisions of rates.

Actuarial Analyst I

Perform simple preliminary actuarial reviews including but not limited to rate, risk analysis, and additional data analyses or projects.
Complete comparative analysis against competition to provide recommendations.
Collaborate with other departments to gather data, monitor industry trends, and changes that may impact actuarial calculations.

Actuarial Analyst II

Perform more complex actuarial reviews including but not limited to rate, risk analysis, and additional data analyses or projects with some assistance.
May train and assist others on rating and analytical skills and concepts.

Essential Functions

Essential functions may include, but are not limited to the following:

Designs, develops, and maintains rate and pricing models to optimize competitive advantage and support corporate objectives.
Coordinates data compilation, validation, and presentation.
Completes data requests related to reinsurance renewal efforts.
Assists Chief Actuary with tasks as needed.
Completes other actuarial studies as assigned.
Ability to apply theoretical solutions to applicable problems within the department and company.

Knowledge, Skills And Abilities

Knowledge of PhMIC products and pricing.
Understand principles and practices of insurance underwriting.
Interpret premium algorithms and coverage nuances.
General understanding of insurance accounting and Company financial statements.
Communicate effectively with others (oral and written).
Analyze complex issues and make critical decisions.
Maintain records, prepare reports and conduct correspondence related to the work.
Interpret and apply laws, rules and regulations, as well as complex policy and contract coverage.
Obtain and use sensitive information discreetly and objectively, both internal and external.
Determine when to escalate concerns to the appropriate level of management.
Follow oral and written directions.
Correct English usage, spelling, grammar, vocabulary and punctuation.
Work effectively with others in a team environment.
Contribute effectively to the accomplishment of team or work unit goals, objectives and activities.
Establish and maintain effective working relationships with those contacted in the course of work.
Excellent customer service skills.
Ability to organize and prioritize work.
Work independently and demonstrate drive and initiative.
Ability to handle multiple tasks at once.
Meet definite deadlines and deal with pressure situations.
Collect, interpret, and input data efficiently and accurately.
Use computer and related software effectively.