Actuarial Research Analyst I or II

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Date: Dec 10, 2024

Location: Erie, PA, US, 16530

Company: Erie Insurance

Division or Field Office:

Actuarial Division
Department of Position: Pricing Department 

Work from:

 Corporate Office, Erie PA
Salary Range:

$48,371.00 - $77,269.00 *

salary range is for this level and may vary based on actual level of role hired for

*This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location, and experience of an applicant, as well as level of role for which the successful candidate is hired. Position may be eligible for an annual bonus payment.

 

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 6,000 employees and over 13,000 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. 

Benefits That Go Beyond The Basics

We strive to be Above all in Service® to our customers—and to our employees. That’s why Erie Insurance offers you an exceptional benefits package, including:

  • Premier health, prescription, dental, and vision benefits for you and your dependents. Coverage begins your first day of work.
  • Low contributions to medical and prescription premiums. We currently pay up to 97% of employees’ monthly premium costs.
  • Pension. We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service.
  • 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension.
  • Paid time off. Paid vacation, personal days, sick days, bereavement days and parental leave.
  • Career development. Including a tuition reimbursement program for higher education and industry designations.
     

Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts each year.

 

Position Summary

  • The Hiring Manager will also consider candidates for Actuarial Research Analyst I (F08) or II (F10).  Level of position offered will be based upon the depth and breadth of selected candidate’s experience and qualifications.

Supports reviews and analysis within actuarial disciplines, including pricing, enterprise risk management, loss reserving, data science, and/or predictive analytics. Compiles and updates data, exhibits, and competitor information. Prepares communications and state insurance department filings.

Duties and Responsibilities

  • Gathers information for rate reviews, actuarial studies, and state insurance department filings. Researches competitor activity and performance. May conduct basic actuarial analyses. Assists with project communications.
  • Maintains exhibits, reports, maps, and charts for rate recommendations, actuarial studies, and state insurance department filings. Analyzes ERIE's financial data and industry statistical information and prepares periodic updates for management, using appropriate presentation format.
  • Supports responses to basic inquiries from ERIE Agents, branch managers, district sales managers, and other divisions and departments throughout ERIE. Completes information requests for state insurance departments and research organizations.
  • Balances and analyzes report and exhibit output for reasonability. Conducts basic troubleshooting before notifying lead analyst and management of unreasonable results.
  • Acts as a project coordinator for actuarial data processes. Works with other areas of the company as necessary.
  • Maintains automated procedures to improve workflow and productivity.

Duties and Responsibilities (cont'd if applicable)

  • Develops and applies a basic knowledge of actuarial procedures used by ERIE, competitors, and governmental bodies.
  • Completes special projects as required.


The first four duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished.


This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become clear. 

Capabilities

  • Values Diversity
  • Nimble Learning
  • Self-Development
  • Collaborates
  • Customer Focus
  • Information Management Skills
  • Cultivates Innovation
  • Instills Trust
  • Job-Specific Knowledge
  • Optimizes Work Processes
  • Ensures Accountability
  • Decision Quality

Qualifications

Minimum Educational Requirements

  • Bachelor's degree in mathematics or a related field required.

 

Additional Experience

  • Successful completion of insurance exam or demonstrated proficiency in mathematics required.
  • Basic knowledge of spreadsheet, database and related software required.
  • Some previous programming experience preferred.

Physical Requirements

  • Lifting/Moving 0-20 lbs; Occasional (<20%)
  • Lifting/Moving 20-50 lbs; Occasional (<20%)
  • Ability to move over 50 lbs using lifting aide equipment; Occasional (<20%)
  • Driving; Rarely
  • Pushing/Pulling/moving objects, equipment with wheels; Occasional (<20%)
  • Manual Keying/Data Entry/inputting information/computer use; Often (20-50%)
  • Climbing/accessing heights; Rarely


Nearest Major Market: Erie