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.
Knowledge, Skills and Abilities Education: Bachelor's plus Certificate, e.g. INS 21, 22, 23, or equivalent, related experience. Experience: 2 - 4 years - or Associates Degree equivalent plus 4 - 6 years. 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 · Bachelor's Degree or higher · 1 - 4 years of experience in related roles · 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
Additional Salary Information: Full benefits effective as of Day 1 of employment; PTO effective at conclusion of 90 days of employment.
Internal Number: 13541
About MAPFRE Insurance
Who We Are
MAPFRE Insurance is a forward thinking property and casualty insurance company focused on taking care of you and your family with high-quality products and friendly service.
What We Do
For decades, MAPFRE Insurance has been protecting families and their possessions with quality insurance coverage and a strong commitment to service excellence. We are a leading insurance provider offering auto and home insurance solutions to fit your specific needs.
Why Join Our Team
We are a leading insurer committed to recognizing
our employees as our most valuable resource. We are
committed to attracting, developing, engaging, and
retaining quality employees to ensure mutual success.
What Our Employees Say We have to Offer…
• Competitive Total Compensation/Benefit Package
• Financially Stable Company
• Future Career Opportunities
• Job-Interests Alignment
• Quality Management and Colleagues
• Strong People Management Practices
• Quality Senior Leadership Reputation
• Employee Empowerment
• Convenient Company Locations
Please visit our job at: https://jobs.mapfre.com/?locale=en_US