The Auto Club Group Actuarial Analyst II in Dearborn, Michigan
The Auto Club Group (ACG) provides membership, travel, insurance and financial services offerings to approximately 9 million members and customers across 11 states and 2 U.S. territories through the AAA, Meemic and Fremont brands. ACG belongs to the national AAA federation and is the second largest AAA club in North America.
_Primary Duties and Responsibilities (details of the basic job functions):_
Develops pricing for current or new property/casualty insurance coverage and products. Executes scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience. Analyzes and prepares competitive product and rate comparison reports. Formulates and interprets mathematical ratemaking models using available tools. Analyzes data, develops material and prepares appropriate communication.
Works with Actuarial Support in gathering and verifying data for rate indications, rate revisions and special projects. Manipulates data for actuarial review using standard software packages. Applies actuarial methods and principals to obtain indications, complete projects, analyze results and make recommendations. Determines relevant factors and researches suitable trend indications for analysis. Analyzes competitor’s rate structures and coverage. Develops and prepares competitor rate manual analysis. Prepares reports, proposals, system documents, filing support and documentation files. Provides support to projects as required.
insurance industry terminology and concepts.
Works in a temperature controlled office environment.
_Required Qualifications (these are the minimum requirements to qualify):_
Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.
Successful completion of three or more actuarial examinations and a minimum of 2 or more years of experience in an actuarial environment.
Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
Analyzing technical studies and data and drawing sound conclusions
Calculating premium or reserves for new or existing products
Performing research and statistical analyses
Statistical tools in order to complete assignments
PC software applications (e.g. Word, Excel, PowerPoint, etc.)
Demonstrated skills in:
Preparation/presentation of material
Managing workflow to achieve multiple goals
Working individually and as part of a team
Make oral presentations to business units
Represent the department on inter-department teams
Apply actuarial methods and principals to obtain indications, complete projects, analyze results and make recommendations.
The Auto Club Group offers a competitive compensation and benefits packages including a base salary with performance based incentives; medical/dental/vision insurance, pension, 401(k), generous time off, a complimentary AAA Membership and much more!
Important Note: The above statements describe the principal and essential functions, but not all functions that may be inherent in the job. This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodations will be made for otherwise qualified applicants, as needed, to enable them to fulfill these requirements.__
The Auto Club Group, and all of its affiliated companies, is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, disability or protected veteran status.
Title: Actuarial Analyst II
Requisition ID: 160001TW