Personal Lines, Predictive modeling, Property/casualty
4 Year Degree
Virginia Farm Bureau has an opening for a Senior Actuarial Analyst to work out of our West Creek Home Office in Richmond, VA. In this position, you will participate in research activities to obtain information required for rate changes, product development and management decisions.
At Virginia Farm Bureau we provide an exceptional benefits package, including ongoing job development and support in all roles, paid training and continuing education reimbursement, medical and dental insurance on your first day, generous employee “401K” contribution, excellent Paid Time off (PTO) plan and more!
Develop rates which are profitable, competitive, and consistent with company goals and objectives.
Develop and maintain actuarial sound pricing models for all property and casualty products.
Design, develop and maintain property and casualty competitive models.
Perform loss, loss adjustment expense and salvage/subrogation reserve studies.
Coordinate research activities to obtain information required for rate changes, product design and management decision making.
Provide actuarial data, cost analysis and technical assistance in the implementation of all property and casualty products.
Assist in personal lines predictive modeling.
Assist in corporate budget forecasting and modeling.
Assure that rate manual pages, premium determination rules and computer support are in compliance with the rating rules and procedures on file with the Bureau of Insurance for each line of business.
All other duties as assigned by the manager and/or Sr. VP of Product Development and Actuarial
Minimum Skill Qualifications
Extensive PC skills including databases, spreadsheets, and Windows word processing packages
Proven analytical ability
Strong interpersonal skills
Excellent oral and written communication skills
Proficiency in predictive modeling using Emblem and Radar
Proficiency in accessing mainframe database
Ability to format analytical report requests and exchange information between mainframe systems and personal computers.
Minimum of 5 exams in Casualty Actuarial Society or equivalent experience
Minimum Education / Experience Qualifications
Bachelor’s degree in Mathematics, or Statistics or Actuarial Science.
Minimum 7 years of experience in the actuarial field.
About Virginia Farm Bureau Mutual Insurance Company
Virginia Farm Bureau Mutual Insurance Co. writes property, casualty, and farm insurance products through agents in Virginia. It offers auto, home and renters, life, health, and business insurance products. The company also provides insurance coverage products for motorcycles, motor homes, farms and crops, long term care, boat, umbrella, ID theft, flood, and financial services. Virginia Farm Bureau Mutual Insurance Co. was founded in 1950 and is based in Richmond, Virginia. Virginia Farm Bureau Mutual Insurance Co. operates as a subsidiary of Virginia Farm Bureau Federation Inc.