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Actuary I

Employer
MAPFRE Insurance
Location
Remote or On-Site at our Webster, MA campus
Salary
Commensurate with experience
Closing date
Jul 20, 2021

View more

Category
Actuary
Job Type
Full Time
Career Level
Experienced (Non-Manager)

Job Details

Remote candidates will be considered

Job Summary
The Actuary I develops actuarial analyses, with a focus on either pricing or reserving, in accordance with CAS (Casualty Actuarial Society) principles. These analyses will directly contribute to the overall performance of the actuarial area. As the analyses typically rely upon complex processes, with the potential to change in connection with the organization’s needs, the Actuary I will be accountable for making changes necessary to keep the analyses up-to-date and free of errors. The Actuary I is therefore expected to thoroughly understand the analyses undertaken, with the ability to detail the inputs to others in the actuarial area and the organization. Ideal candidate will have California Personal Lines experience.

Knowledge, Skills and Abilities
Education: Bachelor's Degree or higher
Experience: 1 - 4 years of experience in related roles.
Knowledge: Limited to moderate knowledge of industry practices,
standards, and concepts within field of work. Learns to apply them to the job.
Decision Making: Makes decisions related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion. Decisions influence portions of a project, client relationships and/or expenditures.
Supervision Received: Works independently under general supervision. Work is reviewed for overall adequacy in performing tasks.
Leadership: May provide training and guidance to less experienced staff.
Problem Solving /Operations/Direct Work Involvement: Applies knowledge to determine solutions to complex problems with minimal direction. Uses research and analysis to develop innovative and practical solutions which are consistent with organizational objectives.
Client Contacts: Contacts other departments and or external organizations or parties frequently. Contacts are primarily at or below upper management levels. Represents organization on specific projects. Communication may involve persuasion, and negotiation.

Additional Knowledge, Skills and Abilities
Required
· Thorough knowledge of Microsoft Office
· Experience carrying out complicated quantitative analyses for insurance companies or similar organizations; preferably related to products similar to MAPFRE’s
· General knowledge of either SAS or SQL
· General knowledge of insurance operations and insurance accounting
· General knowledge of insurance regulation
· Ability to use these skills to modify existing processes or innovate new processes

Preferred
· Credit for at least two exams on the current CAS syllabus
· Experience with Emblem (for Pricing) or ResQ (for Reserving) depending on the Actuary I’s area of focus
· Experience with Earnix, R, or Insure Quote preferred for pricing area of focus
General knowledge of applicable industry practices, standards, and concepts

 

If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com.

We are proud to be an equal opportunity employer.

Company

About MAPFRE Insurance

MAPFRE Insurance offers friendly service from over 2,000 professional focused on taking care of your and your family.

Global Presence:  MAPFRE Across the Globe:

Part of the MAPFRE Group - a global insurance group doing business in over 100 countries across five continents.  MAPFRE has over 36,000 employees serving over 30 million customers worldwide. 

Local Focus:  MAPFRE in the United States

Offers a wide range of insurance solutions for the home and vehicle

Is the 23rd largest Property-Casualty Insurer

Is the 19th largest private passenger auto insurer

Has a network of more than 5,000 independent agents and brokers

Has a presence in 14 States

Rated “A” (Excellent) by A.M. Best Company

Company info
Telephone
15089495998
Location
11 Gore Rd
Webster
MA
01570
US

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