The Actuarial Analyst is responsible for (1) auditing and compiling data for analysis and ratemaking, (2) performing various analyses and ratemaking functions, and (3) the development and maintenance of data products and reports.

The Actuarial Analyst works independently or collaboratively with other members of the Actuarial Services team or other WCIRB research teams, generally under minimal supervision, and where work is regularly peer reviewed by other analysts or supervisors.

The Actuarial Analyst reports to the Associate Director, Actuarial Services and works closely with the Vice President, Actuary. Depending on experience and number of exams passed, may be filled at senior analyst level.

Essential Duties and Responsibilities:

• Collects and compiles aggregate data for ratemaking and research and performs thorough review of both aggregate and individual insured data for errors, anomalies, and changing trends.
• Corresponds verbally, as well as in writing, with WCIRB members and other customers such as the insurance department and governmental agencies, on complex technical and data quality issues.
• Interacts and communicates with representatives of other units of the WCIRB on various data-related and operational projects and issues.
• Performs various studies of experience by classification.
• Performs peer review of other analysts’ work.
• Independently performs thorough actuarial analyses of aggregate data, applying judgment and discretion in the analyses, identifying trends and cost drivers, and communicating results and recommended actions to management, for the production of reports and presentations.
• Develops new data products or services and engages in the fulfillment of data compilation and analysis requirements pursuant to statutory and regulatory mandates and other business requirements.
• Performs thorough actuarial studies with minimal supervision and recommends enhancements to processes or methodologies to achieve greater accuracy or efficiency.
• Responsible for producing actuarial analyses and projections in rate filings.
• Provides training for other analysts in core procedures and projects.

Education, Experience, and Skill Qualifications:

• Educational background (Bachelor’s degree or above) with a strong GPA in a technical field such as mathematics, actuarial science, applied statistics, or economics.
• Minimum of two years’ demonstrated proficiency as an Associate Actuarial Analyst or equivalent actuarial position.
• Completion of at least three Casualty Actuarial Society examinations.
• Ability to communicate both effectively and professionally, both verbally and in writing.
• Strong listening and interpersonal skills.
• Proficiency in the following three areas: mathematics, applied statistics, or programming (in a language such as VBA, SQL, or R).
• Proficiency in Microsoft Office Suite.
• Able to work independently or with minimal supervision.

Qualifications

To perform this job successfully, the individual must be able to execute the tasks discussed in this job description. The requirements listed below are representative of the knowledge, skills and/or ability required. Reasonable accommodations, as required by ADA, may be made to enable individuals with disabilities to perform the essential functions.

Company Benefits/Perks

• Competitive medical, dental, vision, commuter, and FSA benefits
• 401k and Pension Plan
• Annual Incentive Plan
• Gym and Wellness Subsidy
• Community Involvement

Work Environment

Equal opportunity is a core value at the WCIRB. We recognize that individuals representing diverse backgrounds, experiences and perspectives enhance our working environment and improve the quality of service to our members. The WCIRB is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion.

Since talent is not limited by characteristics such as age, race, disability, gender, gender identity, national origin, religious belief, sexual orientation, or veteran status we find that we attract the most exceptional individuals when we seek talent from the entire spectrum of the greater world we live in.

The work environment characteristics described in this section are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Sometimes highly paced, high stress environment.
• Job requires performing multiple tasks concurrently.
• Requires a cooperative and collaborative inclination.
• Work requires attention to detail, follow-through and analysis of collected information.
• Extended hours often required during rate filing season.
• Option for compressed work week available.
• Hybrid position

Physical Demands

The physical demands described in this section are to be representative of those that must be met by an employee to perform successfully the essential functions of this job. Reasonable accommodations, as required by ADA, may be made to enable individuals with disabilities to perform the essential functions.

• Job requires both sitting at a workstation (90%) and moving about the office (10%).
• Majority of time spent at a PC using keyboard and/or mouse.

Disclaimer

Management may assign or reassign duties and responsibilities to this position at any time. As such, the job description may be revised depending on the WCIRB’s needs. Further, this job description is a general summary of responsibilities and requirements and is not intended to be all-inclusive of the responsibilities and requirements of this position.

Please note that the WCIRB has enacted a mandatory COVID-19 vaccine requirement for all employees. Proof of full vaccination or an approved exemption or deferral is required of all employees, including new hires.

Salary range: Actuarial Analyst $88,158 - $128,755