Sr. Actuarial Analyst II

A career at The Auto Club Group (ACG) can be satisfying, exciting and rewarding. By aligning your professional development with our business objectives, ACG can help you attain your career goals — and make a difference. Get started by choosing the career that’s right for you.

Dearborn, MI

The Auto Club Group

AAA was founded over 100 years ago for the purpose of lobbying for driver and passenger rights, fair laws and safer vehicles — all to better promote the love of the open road and the adventure of driving. Since then, AAA has grown to over 50 million members strong, while providing valuable membership services such as roadside assistance. Additionally, AAA has broadened its horizons to include all types of travel-related services, as well as offer a variety of insurance and financial products and services. Today’s AAA is a national federation comprised of more than 50 individual clubs throughout the United States and Canada. Whether you’re traveling around the world or to the corner grocery store, planning a honeymoon or weekend road trip, learning to drive or in need of a battery boost, the best way to begin your journey is with AAA.

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Competitive Compensation and Benefits Package

Overview: The Auto Club Group (ACG) provides membership, travel, insurance and financial services offerings to approximately 9 million members and customers across 11 states and 2 U.S. territories through the AAA, Meemic and Fremont brands. ACG belongs to the national AAA federation and is the second largest AAA club in North America. <br /> <br />
Responsibilities: <ul> <li>Develops pricing for current or new property/casualty insurance coverage and products.</li> <li>Coordinates and executes scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory, and internally consistent with experience.</li> <li>Provides complex level analysis and preparation of competitive product and rate comparison reports.</li> <li>Formulates and interprets complex mathematical ratemaking models using available tools.</li> <li>Provides consultation and clarification regarding complex actuarial and risk assessment models.</li> <li>Provides recommendations for improving methods, analysis and data gathering techniques used by the actuarial team.</li> <li>Provides instruction in basic actuarial methods and techniques to less senior analysts.</li> <li>Works with Actuarial Support in gathering and verifying data for rate indications, rate revisions and special projects.</li> <li>Develops complex models and manipulates data for actuarial review using standard software packages.</li> <li>Determines relevant factors and researches suitable trend indications for analysis, providing material and oral support to recommendations made to management.</li> <li>Performs actuarial adjustments to meet the analysis purpose.</li> <li>Analyzes competitor&rsquo;s rate structures and coverage.</li> <li>Develops and prepares competitor rate manual analysis.</li> <li>Prepares reports, proposals, system documents and documentation as required.</li> <li>Takes a lead role on projects and/or assignments as required.</li> </ul> <br /><br /><br /> <br /><br /><br />
Requirements: <span style="text-decoration: underline;">Education:</span><br /> <ul> <li>Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.</li> <li>Successful completion of five or more actuarial examinations and a minimum of four or more years of experience in an actuarial environment.</li> <li>Maintain eligibility in the Actuarial Professional Development Program following department guidelines.</li> </ul> <span style="text-decoration: underline;">Experience in four or more of the following:</span><br /> <ul> <li>Preparing quarterly rate indications.</li> <li>Formulating and interpreting mathematical predictive analytics models.</li> <li>Preparing property and casualty rate filings.</li> <li>Preparing competitive product and rate comparison analysis reports.</li> <li>Pricing property and casualty insurance products.</li> <li>Completing actuarial research relating to insurance operations.</li> </ul> <span style="text-decoration: underline;">Extensive experience in/with:</span><br /> <ul> <li>Coordination and execution of projects.</li> <li>Use of statistical tools and software applications to complete assignments.</li> <li>Preparing reports and exhibits for senior management review.</li> <li>Analysis of technical studies and data and draw sound conclusions.</li> <li>Modeling and complex quantitative analysis resulting in sound recommendations.&nbsp;</li> </ul> <span style="text-decoration: underline;">Knowledge and Skills/Ability to:</span><br /> <ul> <li>Make oral presentations to business units and management.</li> <li>Represent the department on inter-department teams.</li> <li></li> </ul>