Job Description

Position Summary

Manages the research, analysis and development of prices and/or reserves for assigned ERIE products and states.

Additional Summary:

Preferred candidates will relocate or be local to the Erie, PA area
Consideration may be given for the selected individual to work remote outside of Erie, PA based on qualifcations and business need
The hiring manager will consider candidates for the following levels: Sr. Actuarial Analyst, Associate Actuary, Actuary.  Level of position offered will be based upon the depth and breadth of selected candidate's experience and qualifications.

Duties and Responsibilities

Conducts complex rate reviews and/or reserving analyses and prepares in-depth rate studies and rate recommendations. Directs the preparation of materials to support state insurance department rate filings and the preparation of manual pages and computer rate tables. Recommends innovations to improve current methodologies.

Acts as a project coordinator for the rate review process. Leads project team with product development, rate change services, underwriting, claims and marketing to ensure proper rate reviews.

Presents rate development information to senior management and communicates rate changes to other departments as required. Presents effectively formatted analyses regarding various developments and activities and their impacts on those areas.

Designs or improves rate study procedures and formats when appropriate. Recommends, designs, and directs special projects for ratemaking, reserving or reinsurance needs. Presents results and recommendations to management.

Represents The ERIE at hearings and on industry and actuarial organizations and committees.

Visits field offices and/or Agent meetings as required to present actuarial information.

Applies an extensive knowledge of ratemaking and reserving procedures used by The ERIE, competitors, and rate bureaus. Maintains current knowledge of generally accepted actuarial methods, competitive standings, and related developments and information.

Coordinates the education of less experienced staff regarding ERIE and industry practices, data sources, and job efficiencies.

The first six 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.