Actuarial Analyst I

Date: Sep 10, 2019

Division or Field Office:

Actuarial Division

Department of Position: Pricing Department 

Work from:

Corporate Office in Erie, PA

 

At Erie Insurance, you’re not just part of a Fortune 500 company; you’re also a valued member of a diverse and inclusive team that includes more than 5,000 employees and over 2,200 independent agencies.  Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.  To attract and retain the best talent, we reward our team members with competitive salaries and a very generous benefits package.

 

Position Summary

Conducts basic actuarial reviews for P/C lines of business. Collects and analyzes data, develops and presents proposals, compiles state insurance department filings and coordinates the implementation of actuarial changes with other areas of the company.

Duties and Responsibilities
  • Conducts basic actuarial analyses, prepares studies, recommendations, state insurance department filings and manual pages, and updates system tables as required. Works closely with experienced departmental staff and learns actuarial techniques, data sources and computer programs as required.
  • Acts as a project coordinator for actuarial data processes. Works with other areas of the company as necessary.
  • Creates exhibits, reports, maps and charts for actuarial and reserve studies, state insurance department filings and rate recommendations. Analyzes ERIE's financial data and industry statistical information and prepares periodic updates for management, using appropriate presentation format.
  • Develops and maintains automated procedures to improve work flow and productivity.
  • Rates, analyzes and responds to inquiries related to premiums and online assistance and provides actuarial assistance to ERIE Agents, branch managers, district sales managers and other divisions and departments throughout ERIE. Completes rate surveys for state insurance departments and research organizations.
  • Develops and applies a basic knowledge of actuarial procedures used by ERIE, competitors and governmental bodies.
  • Presents actuarial information to management and communicates actuarial changes to other departments as required.
  • Visits field offices and/or Agent meetings as required to present actuarial information.
  • Completes special projects as required.
  • Competencies
    Ability To Learn And Follow Procedures
    Ability to Manage Complexity
    Decision Making
    Developing And Maintaining Relationships
    Information Management Skills
    Interpersonal Communication
    Job-Specific Knowledge
    Planning And Organizing
    Presentation Skills
    Problem Analysis
    Service Orientation
    Time Management
    Qualifications

    Bachelor's degree in mathematics or a related field required. Successful completion of one actuarial exam and demonstrated exam progress required. Basic knowledge of spreadsheet, database and related software required. Some previous programming experience preferred.

    Physical Requirements
    Lifting 0-20 lbs; Occasional (<20%)
    Lifting 20-50 lbs; Occasional (<20%)
    Lifting Over 50 lbs; Occasional (<20%)
    Driving; Rarely
    Pushing/Pulling; Occasional (<20%)
    Manual Keying/Data Entry; Often (20-50%)
    Climbing; Rarely


    Nearest Major Market: Erie

    Job Segment: Actuarial, Database, Insurance, Technology