Actuarial Analyst I

Description

Tower Hill Insurance Group has an exciting opportunity for a talented and experienced Actuarial Analyst who enjoys intellectual challenges and is seeking a rewarding career with a company that is experiencing growth. Not only is Tower Hill Insurance one of Florida's most trusted names in homeowners insurance, but it offers great opportunities for career advancement and personal growth, along with very competitive benefits and rewards. We are growing at a consistent pace and seek professional individuals with drive, team mentality, who want to make an impact, and are committed to a long-term career in the insurance industry.  

The Actuarial Analyst I is responsible for evaluating insurance pricing for rate adequacy and competitiveness, developing estimates of the impact of updates to company products and procedures, and analyzing the effectiveness and profitability of insurance rating structures. 

ESSENTIAL DUTIES AND RESPONSIBILITIES

· Review, verify and analyze insurance data.

· Perform actuarial analysis necessary to prepare a variety of exhibits (including rate indications, territorial base rate analysis, competitor rate comparisons, exposure reports, and any other exhibits necessary for state filings).

· Develop working knowledge of rating procedures for various insurance programs.

· Extract data from various databases to prepare required exhibits.

· Review industry publications and monitor pending legislation and regulations to determine the impact of new developments on company insurance products.

· Prepare miscellaneous reports to aid in monitoring the performance of products, producers, and other key elements of insurance profitable growth.

· Conduct Multivariate Analysis of pricing variables to determine the appropriate level of pricing for new and existing pricing variables.

ADDITIONAL DUTIES

This job description reflects the general duties considered necessary to describe the essential functions of the job and should not be considered a complete description of all the work requirements and expectations of the position. Tower Hill reserves the right to assign duties not listed herein as necessary to accomplish the goals of the organization.

Requirements

POSITION QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION

Bachelor’s Degree or higher in Actuarial Science, Mathematics, Statistics, Physics, Economics or related technical field with demonstrated rigorous mathematical course work required.

EXPERIENCE

Experience in an Actuarial Internship in insurance or consulting preferred. Strong analytical experience with Excel, SQL, Access, Word preferred. Previous experience with R, Python, SAS or similar statistical programming languages a plus.

CERTIFICATIONS

Passing credit for one (1) or more Actuarial Exams required.

BENEFITS

• Medical
• Dental
• Vision
• Life & Accidental Death and Dismemberment (AD&D), and Disability Insurance
• 401 (k)
• Health Savings Account
• Accident and Cancer insurance plan

We offer competitive pay and benefits, and well-being programs to support you and your family. For more information about our company, careers and Total Compensation visit:   Total Compensation - Tower Hill Insurance (thig.com) 

Tower Hill Insurance currently operates in these states AL, CT, FL, GA, IA, IN, KY, MI, MS, NC, OH, PA, SC, TN, TX, UT, VA, WV. 

Tower Hill Insurance is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. 

Tower Hill Insurance is committed to working with and providing reasonable accommodation for individuals with disabilities. If you need reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to hrdepartment@thig.com or call (561) 812-6247 and let us know the nature of your request and your contact information.  

All applicants will receive an acknowledgement that their application has been received. Candidates will not receive status updates regarding their application; however, those candidates selected for further consideration will be contacted by Human Resources.