Boca Raton,
Posted: 19-Jan-23
Location: Webster, Massachusetts
Type: Full Time
Salary: $85,000 - $105,000
Categories:
Salary Details:
Preferred Education:
The Actuary II develops actuarial models in accordance with CAS (Casualty Actuarial Society) principles. These models 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. The Actuary II will be accountable for ensuring that the models are kept up-to-date and free of errors. The Actuary II therefore acts as the SME (subject matter expert) for the actuarial models built, detailing the inputs and conclusions to others in the organization.
- Modeling Area of Focus
Builds predictive models for selected property and casualty insurance products offered by MAPFRE Insurance. Such models include loss cost, retention, and conversion models.
Position can be at a higher level commensurate with experience. Hybrid- Boston or Webster MA or Remote
Additional Knowledge, Skills and Abilities:
Education: Bachelor's plus Certificate, e.g. INS 21, 22, 23, or equivalent, related experience.
Experience:4 - 6 years - or Associates Degree equivalent plus 6 - 8 years.
Required experience:
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 regulation
· Ability to use these skills to modify existing processes or innovate new processes
Preferred experience:
Credit for at least four exams on the current CAS syllabus
- Experience with Python, R, Earnix, Radar or Emblem
- Programming ability in SAS, SQL, R or Python
- Experience with cloud-based platforms such as AWS
Experience with developing and implementing multivariate predictive models using GLMs
