Job Description
Job Description
Job Title - Actuarial Analyst
Location - New York, New York, 10004
Duration - 2 Years (Possible Extension)
Minimum Candidate Qualifications:
a. Bachelor's degree including 24 semester credit hours in mathematics, statistics, or actuarial science
b. Eligible to work in New York State
c. One or more of the following:
1. Three (3) or more years of experience performing rate studies in the Property Casualty Insurance industry and is a Fellow or Associate of the Casualty Actuary Society (CAS)
2. Passed at least four (4) CAS exams and has seven (7) or more years of experience in Property Casualty Insurance actuarial ratemaking.
Job Description and Required Services:
• Provide recommendations for disposition of rate filings assigned to contractor.
• Participation in various meetings at the request of the Department may be required to discuss all facets of the rate filing.
• Provide a completed client's indication spreadsheet and presentation spreadsheet.
• The following Deliverables should be included in an Internal Actuarial Memo:
o Actuarial rate recommendations
o Description of the process used to evaluate the rate filing
o Recommendations to the preparer of the subject rate filing
o Assumptions and methods
o Reliability of underlying data sources
o Caveats related to the study
o must include all written and electronic report(s), along with all supporting documentation for the recommended disposition.
• Assists in checking the mathematical accuracy of calculations;
• Reviews insurance company rate filings for compliance with standards; maintains in-house databases;
• Assists with special projects and research as needed; and
• Performs other duties as assigned.