The Actuarial Analyst participates in development and maintenance of the Actuarial Department's reporting and data extraction infrastructure. This person prepares rate change indications using generally accepted actuarial methods, prepares property and casualty rate/rule change proposals and provides support to the filing of changes. The Actuarial Analyst participates in the development of improved ratemaking procedures for existing products and develops ratemaking procedures for new products. This person also conducts research and data reporting as directed for external parties' usage.
DUTIES & RESPONSIBILITIES
Accountable for maintaining ratemaking data infrastructure and routine reporting to meet the needs of the department.
Responsible for the completeness and accuracy of rate indications and rate adjustment recommendations.
Responsible for developing knowledge of generally accepted actuarial ratemaking methods and new technologies or methodologies as they emerge.
Assists in modeling and on-going data analysis. Accountable for excellent time management and ability to multitask effectively.
Builds knowledge of current and emerging actuarial principles and practices by successfully completing Casualty Actuarial Society exams.
Performs other duties as directed by Property and Casualty Actuaries or in response to management initiatives.
Other duties may be assigned to meet ongoing business needs.
Ability to perform essential functions of the job, with or without a reasonable accommodation.
SKILLS, EDUCATION, & WORK EXPERIENCE
Experience with programming and the use of data analysis tools. SAS experience preferable.
College degree in a field with sufficient background in Mathematics and/or Statistics and excellent ability in the use of advanced mathematics, probability and statistics.
Potential for success on the Casualty Actuarial Society exams, preferably with completion of at least one CAS Exam.
Ability to communicate effectively with and work well with others.
About Shelter Insurance
When Shelter Insurance® opened in Columbia, MO in 1946, our mission was simple: to provide affordable auto insurance to Missourians. Since then we've come a long way. More than 70 years later, we offer protection for your home, life, car, farm, business and more in 18 states. We have more than 1,300 licensed agents providing professional advice to our customers, helping them make insurance choices that work for their needs and budgets. Our friendly, professional way of doing business has transformed us into one of the top regional insurance companies in the country.
At Shelter Insurance® you feel like part of a family. Our leaders know employees personally and support a work/life balance. We’re a financially stable company with the desire to innovate and we enjoy a unique benefits plan you won’t find many places these days. We believe in doing the right thing and having a little fun along the way, supporting the communities where we live and work.
Shelter is known for having exceptional benefits for our employees and for offering programs to help them balance work with their lifestyle.
By joining our team, we will support you and your career endeavors by giving you the opportunities you deserve to flourish and grow here at Shelter.