Actuarial Specialist
Posted on: 18 Apr 2022
Bellevue, WA | Austin, TX | Grand Rapids, MI
Job Description
Job Summary
Prepares actuarial portions of financial statements, exhibits of experience reports and performs studies used in the development of new products.
Essential Job Functions
Checks accuracy of data files and plan description files, and prepares input to correct errors found. Performs calculations for actuarial research and experience studies to support development of new products. Performs audits of data files and recommends procedures for correcting errors to ensure accurate reporting of financial results. Prepares input and validates the output for new product additions to administration, valuation and proposal systems to maintain consistency between development and implementation of new products. Prepares input, calculates, verifies and documents the output for profit study, projection, reserve, and nonforfeiture calculation programs to provide quality control for financial reporting. Creates, updates and maintains required documentation in compliance with End- User Standards. Reviews and documents programming and procedure changes to create gains in efficiency and accuracy. Participates in cross-functional committees where assigned to provide prompt and accurate communication of department needs and concerns. Supports more experienced actuaries on ad hoc projects. Promotes safety at all times and complies with safety/ergonomic standards as outlined in relevant company published manuals. Performs other duties as assigned.
Physical Actions
Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10-lbs. maximum and seeing.
Physical Environment
Required job duties are normally performed in a climate- controlled office environment.
Education Requirements
Four-year college degree and three of the five validated by educational experience (VEE) subjects and three of the preliminary education examinations of the Society of Actuaries.
Experience Requirements
Two years of actuarial experience as an Actuarial Analyst or the equivalent.
Special Skill Requirement
Intermediate level knowledge of spreadsheet, database and word- processing software and a beginning level knowledge of actuarial projections software.
Farmers Insurance
Woodland Hills, CA
Farmers Group, Inc., doing business as Farmers Underwriters Association, operates as a multiline insurer. The company provides auto insurance and recreational insurance, including auto, collectible auto, motorcycle, boat, travel trailer, motor home, off-road, and food truck insurance; home insurance, such as mobile and manufactured home insurance, homeowner insurance, specialty home insurance, condo insurance, earthquake insurance, and flood insurance; and business insurance that covers property, liability, crime, auto, and worker compensation.
It also offers rideshare insurance coverage for ride-hailing drivers; liability and physical damage insurance that focuses on private passenger vehicles; personal umbrella coverage insurance; health insurance; and life and financial insurance that includes term life and whole life insurance, annuities, and mutual funds. The company was incorporated in 1927 and is based in Woodland Hills, California with additional offices in the United States. Farmers Group, Inc. operates as a subsidiary of Zurich Insurance Group Ltd.
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IndustryInsurance
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No. of Employees7,935
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Website
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Jobs Posted278
