Actuarial Analyst
- Employer
- The Philadelphia Contributionship
- Location
- Philadelphia, Pennsylvania
- Salary
- Competititve salary, bonus and benefits package
- Posted
- Apr 24, 2019
- Closes
- Jun 12, 2019
- Ref
- Actuarial
- Category
- Actuary
- Job Type
- Full Time
- Career Level
- Entry Level
The Philadelphia Contributionship
Actuarial Analyst
The Philadelphia Contributionship is the oldest successful property and casualty insurance company in the United States, having been founded by Ben Franklin in 1752. We write homeowners insurance and related products in Pennsylvania, New Jersey, Delaware, Maryland, and Virginia. We have an A (Excellent) rating from A.M. Best and are frequently recognized as one of the Top Workplaces in the Delaware Valley. Our offices are located in the historic “Old City” section of downtown Philadelphia.
We currently have an opening for an Actuarial Analyst to join our team. This is a unique opportunity to make a meaningful contribution to the success and growth of the organization while gaining valuable experience in wide range of disciplines. This position reports to the Chief Actuary and is responsible for supporting four separate functions: Loss reserving, economic capital modeling, pricing/ratemaking and predictive analytics.
Responsibilities:
- Analyze loss and loss adjustment expense reserves.
- Support the production of financial statements, premium forecasts, and budget loss ratio assumptions.
- Evaluate profitability.
- Support the economic capital modeling function.
- Assist in the development of rate indications and evaluating price levels.
- Gather data, analyze information, and make recommendations to solve business problems throughout the organization.
Hiring Requirements:
- Bachelor’s Degree in Mathematics, Statistics, Actuarial Science, Finance, Economics, Computer Science, or related quantitative discipline is required.
- Exam experience: 1-3 actuarial exams preferred.
- Work experience: 0-5 years of experience preferred.
- Local candidates preferred.
- Personable and self-motivated with a drive to make continuous improvements.
- A strong work ethic and the ability to manage challenging projects.
- Ability to proactively identify problems, facilitate understanding, and recommend solutions.
- Expert proficiency in Microsoft Excel.
- Proficiency in SQL, VBA, or R is a plus.
An actuarial student program with exam support is provided but achieving the ACAS or FCAS designation is not a requirement for this position.