Actuarial Analyst

<strong>AF Group (Lansing, Mich.) and its subsidiaries are a premier provider of innovative insurance solutions. Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company, or CompWest Insurance Company.</strong>

United States, USA

AF Group

<p class="p1"><strong>AF Group&rsquo;s focused and passionate team uses industry-leading best practices, analytics and resources to manage risk and minimize loss for our policyholders while strengthening businesses with our valued independent agent partners.</strong></p> <p class="p1"><strong>We strive to continuously increase the long-term value of our organization by outperforming our industry peers and fostering a culture of underwriting and claims excellence.</strong></p> https://www.afgroup.com/

keywords: job description,compensation,analysis,performance,management,presentation,pricing,forecasting,research,education,experience,skills

Non-Manager

Competitive Compensation and Benefits Package

Overview: <p><strong>This position supports Emerging Markets&rsquo; profitable growth and effective use of capital through analyses and reporting on risk, financial metrics, capital, reinsurance, and other topics in order to support strategic decision making. Strong analytical and communication skills are required. This role is comprised of three focus areas: capital management, corporate actuarial, and MA risk adjustment. Role spans all areas of Emerging Markets, including P&amp;C and health insurance segments.</strong></p> <p><strong>Corporate actuarial serves as a consulting actuary by linking technical work to practical insights; it is responsible for the development and management of strategic pricing and forecasting architecture for Medicare related products and services in COBX. This position designs, leads and performs advanced financial and actuarial analyses in support of department objectives, and undertakes special projects and ad hoc problem solving.<br /><br /></strong><em>Actual compensation decision relies on the consideration of internal equity, candidate&rsquo;s skills and professional experience, geographic location, market and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $57,400 and $96,200.</em></p>
Responsibilities: <p><strong>RESPONSIBILITIES/TASKS by FOCUS AREA:&nbsp;</strong></p> <p><strong>Program, Fronting &amp; Reinsurance</strong><strong>:&nbsp;</strong></p> <ul> <li>Monitor, analyze, and forecast trends and risks across Emerging Markets</li> <li>Complete ad hoc actuarial analysis as requested to support and inform the bid process.</li> <li>Analyze profitability across business segments and effectively communicate results.</li> <li>Gather and evaluate competitive information and advise on potential competitive strategies.</li> <li>Analyze pricing of insurance products and develop prospective profitability assessments, and communicate results as requested.</li> <li>Monitor pricing of non-insurance products and analyze relative to competitors and internal margin targets, including consideration of scope of products, services, and risk sharing quoted, and communicate findings to manager.</li> <li>Monitor results relative to strategic plans and metrics.</li> <li>Develop and maintain tool to forecast of key actuarial assumptions supporting Senior Health Services forecast and annual plan.</li> <li>Research reinsurance options, analyze financial impacts around potential reinsurance structures and make recommendations.</li> <li>Monitor industry results and trends and Emerging Markets relative performance to the industry.</li> </ul> <p><em><strong>Specific Responsibilities by Job Title:</strong></em></p> <p><strong>Actuarial Analyst:</strong></p> <ul> <li>Perform routine actuarial analyses requiring the application of acceptable actuarial techniques, procedures and criteria.</li> <li>Analyze completed work for reasonableness and accuracy; utilize judgment in recommending specific courses of action considering the internal, external and customer impacts.&nbsp;</li> <li>Learn, use and implement programming and maintain analytical programs with limited direction.</li> <li>Utilize data management and structure techniques with limited direction and oversight.</li> <li>Develop and enhance procedures including review for actuarial soundness.</li> <li>Perform experience and financial analysis to identify root causes and develop multiple solutions for actuarial problems.</li> <li>With guidance, present completed work and related implications to team members, internal clients and leadership.</li> <li>Remain current on actuarial techniques, seek development and improvement opportunities and understand corporate/cross-functional objectives and cultural beliefs.</li> </ul>
Requirements: <p><strong>EDUCATION</strong></p> <p>Bachelor&rsquo;s degree in actuarial science, mathematics, or a related field is required.&nbsp; Successful completion of one CAS or SOA examination required; OR, earned at least one (1) course credit towards the attainment of the FSA designation and is a member, in good standing, of the Actuarial Development Program.</p> <p><br /><strong>EXPERIENCE</strong></p> <p>With proper education credentials, no experience is required; however actuarial experience is preferred.</p> <p><strong>QUALIFICATIONS</strong></p> <ul> <li>Knowledge of actuarial principles and practices, underwriting and claims practices preferred.</li> <li>Knowledge of mathematics and statistics with the ability to perform necessary mathematical computations.</li> <li>Ability to apply the principles of logical thinking to define problems, collect data, identify trends and draw conclusions.</li> <li>Excellent oral and written communications skills, with the ability to communicate actuarial concepts and conclusions to non-actuaries.</li> <li>Working knowledge of Microsoft Excel.</li> <li>Competent and comfortable learning and working with new software.</li> <li>Maintain confidentiality as appropriate.</li> <li>Ability to work both independently and as part of a team.</li> </ul>