Assistant Actuarial Analyst/Actuarial Analsyt

 


Fireman's Fund Insurance Company is currently recruiting for Actuarial Analysts for our Home Office, located in Novato, California.


Responsibilities:


· Develop, update and maintain the methodologies for testing the adequacy of reserves, including loss, loss expense, premium dividend, and incentive commission reserves.


· Maximize earnings through timely and thorough pricing analyses, including manual rates, class plans, pricing credits and deviations, program pricing, industry group pricing, dividend schedules, policy coverages and financial/service arrangements.


· Develop projections of likely corporate/line operating results based on emerging trends, competitive conditions and operational changes.


· Monitor, analyze and report on reasons for variances in corporate, line and regional underwriting results.


· Design, develop, and communicate appropriate solutions to a wide range of quantifiable business problems to meet or exceed business plan.


· Continuously improve accuracy and efficiency of pricing, reserving, and forecasting templates.


· Develop and maintain knowledge of all Company and industry factors which have an effect on assigned areas of responsibility.


· Act as advisor to business partners by providing counsel and interpretation of actuarial analyses, financial metrics, and rating programs (role will vary based on position level).


· Provide supporting materials to secure regulatory approval of company rating programs.


Requirements:


Demonstrated high level of problem solving aptitude.


• Strong written & verbal communication skills.


• Demonstrated leadership skills and interest in developing self and others.


• Strong math aptitude.


• Ability to work independently.


• Ability to complete all levels of FFIC training track.


Training Requirements


• Successful completion of college course work equivalent to a math, statistics, economics, finance or other heavy problem solving oriented major, highly desirable.


• Knowledge & demonstrated interest of requirements toward actuarial designation.


• Completion of 1 CAS exam, highly preferred.


Problem Solving


• Performs wide range of mathematical calculations.


• Learns actuarial techniques & applies them within established context to perform rate reviews & reserve analysis.


• Collects and analyzes historical data from various systems and management reports to draw valid conclusions and make recommendations.


• Explains analysis results to project leader and participates in discussions with business partners on a limited basis.


 


 





 


 


More information about Fireman's Fund, our privacy policy, and our relationship with Allianz Group can be found at http://www.firemansfund.com/about_ffic/careers.html. An equal opportunity employer.





Education: Bachelors Degree
Job Level: 0-2 years