Actuarial Analyst - Hybrid work schedule

Actuarial Analyst

Hybrid work schedule

Buffalo, NY

Merchants Insurance Group, a leading Property and Casualty Insurer in the Northeast, is looking for an Actuarial Analyst for our Corporate Actuarial team based in our Corporate Headquarters in Buffalo, New York.  The Actuarial Analyst will become part of a dedicated actuarial team focusing on providing support and production of monthly and quarterly reserve reviews and analytics related to loss reserves, loss ratio analysis, planning and projections, and reinsurance data capture and review.

Merchants Insurance Group is proud to be named a “Fast Track” company and Top Private Company for the 4^th year in a row by Buffalo’s Business First, a Super Regional Property/Casualty Insurer by the Insurance Journal, and as one of Ward's top 50 performing insurance companies in the United States two years in a row.  Ward's is a provider of insurance benchmarking and best practices services, analyzing staff levels, compensation, business practices and expenses for all areas of company operations.

Merchants offers its colleagues a Hybrid work schedule. The Hybrid work schedule requires 8 full days per month in the office, with the option to work the remaining days at home or in the office. This exciting Hybrid Work benefit offers colleagues a flexible work schedule with the ability to remain connected with their Merchants team and colleagues.

Essential Duties and Responsibilities include, but are not limited to: 

• Provides support for the quarterly and annual reserve review process: maintain underlying data and triangles, validate historical data, improve efficiency of review process, assist in development of summary reports for presentation to various internal and external stakeholders.
• Provides support to data reporting team on specified external data calls and development of internal data warehouse and reporting platform as it relates specifically to claims and reserving data.
• Develops internal and external databases and querying tools.
• Develops standardized reports for reserve-related analyses, maintenance and improvement of reserving queries and pricing analyses.

Qualifications & Skills:

• Qualified candidates will have a 4 year degree in math, actuarial science, finance, economics or equivalent work related experience.
• 1 – 3 years Property & Casualty insurance experience.
• 1 – 3 actuarial exams preferred, or a strong commitment to pursue exams.
• Excellent Excel skills required.

• ResQ or similar reserve software knowledge is a plus.
• SQL experience preferred.
• Python or other coding knowledge is a plus.

• PowerBI or Tableau experience is a plus.
• Ability to work in a team environment as well as independently.
• Exceptional organization, verbal and written communication skills are highly desirable. 
• The ability to excel in a team environment.

Merchants Insurance Group Benefits:

• The Actuarial Analyst qualifies for participation in the Merchants Insurance Group’s Actuarial Student Program.
• Welcoming and positive work environment.
• Flexible work arrangements, including flex scheduling and summer hours.
• Hybrid work schedule.
• Colleague Appreciation Events.
• Competitive pay scale.
• Generous paid time off package.
• Full Benefits: Health, Dental, Vision, Life Insurance, Short Term Disability, 401(k) employer match amount is 100% up to 6% of your annual contributions. You are immediately 100% vested in the employer match dollars.
• Outstanding company bonus program.
• Tuition Reimbursement.

And many more exciting company benefits!! EOE