Actuarial Analyst II
AAA The Auto Club Group is a leading provider of membership, travel, insurance, and financial services. They are seeking an Actuarial Analyst II to develop pricing and reserving for property/casualty insurance products, analyze data, and prepare necessary documentation and reports. Responsibilities Analyze data, develop material and prepare appropriate communications Compile and organize data for actuarial review Prepare reports, proposals, system documents, filing support and documentation files Provide support to projects as required Formulate and interpret mathematical ratemaking and/or reserving models using available tools Perform ad hoc analyses, including classification, inflation, and tail factor analyses, for current and future products Support state and regulatory filings and respond to inquiries from auditors/DOIs Work with IT and business technical support in gathering and verifying data for rate indications, rate revisions, reserve indications and special projects Apply actuarial methods and principles to obtain indications, complete projects, analyze results and make recommendations Research suitable trend indications for analysis Communicate effectively with others in a work environment and make oral presentations to business units Represent the department on inter-department teams Execute the scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience Analyze and prepare competitive product and rate comparison reports Analyze competitor’s rate structures and coverage Develop and prepare competitor rate manual analysis Skills Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field Successful completion of two or more actuarial examinations Maintain eligibility in the Actuarial Professional Development Program following department guidelines 18 months (1.5 yrs) of experience in an actuarial environment to include: Analyzing technical studies and data and drawing sound conclusions Calculating premium or reserves for new or existing products Performing research and statistical analysis to complete assignments PC software applications (e.g. Word, Excel, PowerPoint, etc.) Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusions Prepare presentation of material Manage workflow to achieve multiple goals Work individually and as part of a team Apply actuarial methods and principles to obtain indications, complete projects, analyze results and make recommendations Insurance industry terminology and concepts Benefits 401k Match Medical Dental Vision PTO Paid Holidays Tuition Reimbursement Company Overview AAA - The Auto Club Group (ACG) is the second largest AAA club in North America, serving more than 13+ million members across 14 U.S. It was founded in 1901, and is headquartered in Dearborn, MI, US, with a workforce of 5001-10000 employees. Its website is