The Actuary II develops actuarial analyses, with a focus on pricing for California Personal Lines, in accordance with CAS (Casualty Actuarial Society) principles. These analyses will directly contribute to the overall performance of the actuarial area, with the potential to positively impact other departments across the organization and overall the results of the company. As the analyses typically rely upon complex processes, with the potential to change in connection with the organization’s needs, the Actuary II will be accountable for ensuring that the processes are kept up-to-date and free of errors. The Actuary II therefore acts as the SME (subject matter expert) for the actuarial analyses carried out, detailing the inputs and conclusions to others in the organization.
Bachelor's Degree or higher · 3 - 6 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 applicable industry practices, standards, and concepts · 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
California Personal Lines Experience · Credit for at least four exams on the current CAS syllabus · Experience with Emblem · Experience with Earnix, R, or Insure Quote preferred for pricing area of focus · General knowledge of applicable industry practices, standards, and concepts
Works independently under general supervision · Makes decisions related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion · Proactive in recognizing existing or emerging problems with analysis processes and remediating the problems · May provide training and guidance to less experienced staff · Manages internal and external relationships · Represents actuarial area as prime contact for completed analyses · Ability to communicate with senior management and external personnel
At MAPFRE, the safety of our employees matters. We have taken vital steps across all offices from the improvements to our air ventilation, the installation of touch-free devices, to embracing social distancing and requiring medical self-screening to ensure the safety of our employees. We embrace the ability to collaborate with peers in-office, while also offering a flexible work arrangement for many roles in our organization.
If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at firstname.lastname@example.org.
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MAPFRE Across the Globe
Part of the MAPFRE Group – a global insurance group doing business in over 100 countries across five continents. MAPFRE has over 36,000 employees serving over 30 million customers worldwide.
MAPFRE in the United States
Offers a wide range of insurance solutions for the home and vehicle
Is the 21st largest Property-Casualty Insurer
Is the 20th largest private passenger auto insurer
Has a network of more than 5000 independent agents and brokers
Has a presence in 14 states
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