A Little About Us: With over 1,600 employees in 11 offices across Ohio, BWC is the state agency that cares for Ohio workers by promoting a culture of safety at work and at home and ensuring quality medical and pharmacy care is provided to injured workers.
For Ohio employers, we provide insurance policies to cover workplace injuries and safety and wellness services to prevent injuries.
Our Culture: BWC is a dynamic organization that offers career opportunities across many different disciplines. BWC employees strive to maintain an inclusive workplace. We begin by being an equal opportunity employer. Employees can participate in and lead employee resource groups, participate in online forums discussing society’s impact on our services and workplace, and learn about how different perspectives can improve leadership skills. If you are interested in helping BWC grow, please click this link to read more, and then come back to this job posting to submit your application!
What You'll Be Doing:
Utilizes mathematical, statistical and actuarial concepts in order to prepare and analyze data, classification level base rates, employers’ experience modifiers, calculate self-insured employer assessment rates, support projection of unpaid losses, & conduct special data collections & studies:
Supports development of manual classification base rates & expected loss rates
Investigates discrepancies & anomalies using mechanized methods (e.g. querying tables, crosschecking databases) &/or researching with other divisions to identify underlying causes & further items requiring investigation.
Performs adjustments & analysis to achieve desired overall rate change at the statewide &/or industry group level.
Develops &/or verifies accuracy of adjustments (e.g. large loss provisions, loss development factors) used in calculation of rates, assessments, EMs & financial estimated unpaid losses.
Produces summary material (e.g. narrative description, rate charts & tables, loss development triangles, comparisons of projected payroll, premiums &/or losses) for internal & external customers.
To read more details about this position, please click here.
Required Experience and/or Education: Completion of an undergraduate core program in a quantitative field of study (actuarial science, mathematics, statistics, finance, economics, physics, engineering, or related field); 1 actuarial exam recognized by the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA)
Or 2 years of relevant actuarial work experience in the actuarial profession or in an analytically-focused field within the insurance industry (predictive modeling, predictive analytics, data science, or related field); 1 actuarial exam recognized by the CAS or the SOA
Necessary Skills and Competencies: General knowledge of basic mathematical, statistical, & actuarial terminology & concepts; BWC, state, &/or federal statutes, rules, regulations, policies, & procedures governing actuarial activities *.
Skill in use of personal computer & applicable business software including Microsoft Word, intermediate level of Excel; basic level of database querying tools; BWC specific programs, applications, & database structures*.
Ability to define problems, collect data, establish facts, & draw valid conclusions; prepare meaningful, concise, & accurate technical reports; communicate technical ideas in speaking so the intended audience will understand; establish & maintain effective working relationships.