This is an entry level position assisting the Actuarial & Risk team with analytical functions having strategic and financial impact to corporate and long-term success. Job functions include collecting, organizing and analyzing information in support of rate and reserve analysis; obtain, manipulate and perform complex analysis of data; solve complex business problems by leveraging the latest analytical and actuarial techniques. Duties emphasize proactive, independent analysis, are cross-functional in scope and have corporate-wide impact.
CopperPoint’s culture of compassion extends to the community through employee volunteerism, corporate matching, Board service, program sponsorships and in-kind contributions. We empower employees by providing 12-hours of paid volunteer time annually and matching their personal contribution to the charities of their choice up to $500 per year. In 2018, CopperPoint employees reported 3,500 volunteer hours.
CopperPoint offers a competitive compensation package and comprehensive benefits package including major medical, dental, vision and a wide range of competitive benefits programs, generous matching contributions to your 401(k) plan, generous paid time off, tuition reimbursement and other education benefits and business casual dress. CopperPoint is an equal employment opportunity employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by state, federal or local law. CopperPoint maintains a drug-free workplace.
Collect, organize and analyze information to support selection of loss development factors and loss and loss adjustment expense liabilities. Identify and analyze significant changes and trends and seek operational reasons for the changes and trends through discussion with the VP, Lead Reserving Actuary and key personnel in Claims and Underwriting. Coordinate and implement the resulting reserves with Financial Reporting.
Prepare rate indications, analyzing specific components of rating, developing pricing proposals and calculating impacts on the Company’s book of business. This include analysis of any bureau rate/loss cost revisions. Perform loss evaluations to assist Underwriting with pricing large accounts. Provide rate filing support as necessary and understand rate filing requirements in all jurisdictions and lines of business.
Technical and peer review of work product from co-workers.
Create new reports and tools for imporved data consumption throughout the organization.
Represents Actuarial & Risk team, working cooperatively with other departments on projects and in meetings.
Assist with statutorily required statistical reporting.
Performs special projects as directed by management and other related duties as required.
Continue to develop a detailed knowledge of the lines of business and states in which the Company operates. Understand the Company’s operations and the Company’s role in the various markets.
Participate in independent study programs and other development opportunities to acquire additional expertise and satisfy continuing education requirements.
Completion of actuarial exams with minimum goal of achieving ACAS designation.
Excellent analytical, problem solving, decision making and oral and written communication skills.
Ability to work independently and to initiate, prioritize, plan, coordinate, review and ensure completion of work within time requirements.
Demonstrated ability to apply actuarial, business and insurance principles and practices, utilize effective research methods and synthesize, analyze and interpret complex information. Develop innovative approaches for resolving business issues and problems.
Ability to establish and maintain effective professional working relationships and work in a team environment.
Excellent English verbal and written communications skills.
Bachelor’s degree in actuarial science, mathematics, statistics, finance, economics or related field.
COGNOS, SAS, SQL or other data querying tools
Completion of one or more actuarial exams. No prior work experience is required although an actuarial internship is preferred.
This job operates in a professional office environment. This role routinely uses standard office equipment including personal computers, phones, and photocopiers.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to sit for long periods of time, stand and walk; as well as spend a significant amount of time in front of a personal computer screen including keyboarding for data entry, email and creation of business documents.
About Copperpoint Insurance Company
Founded in 1925, CopperPoint Insurance Companies is a leading provider of workers’ compensation and commercial insurance solutions. With an expanded Line of insurance products and a growing six-state footprint in the southwestern United States, CopperPoint embodies stability for policyholders in Arizona, California, Colorado, Nevada, New Mexico and Utah. CopperPoint Mutual Insurance Holding Company is the corporate parent of Arizona-based CopperPoint Insurance Companies, California-based Pacific Compensation Insurance Company and other CopperPoint Insurance Entities.