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Actuarial Analyst 3 Job in Seville, Ohio US

Actuarial Analyst 3

Ohio Farmers Insurance Company - Seville, OH

Posted: 10/19/2021 - Expires: 1/17/2022

Job ID: 233027281


Job Description


You will be challenged. Rewarded. And valued for your unique experience, background and perspective.

Join a team where hard work pays off and original thinking is celebrated. As you build your future at Westfield, you will quickly learn that protecting our customer's future is at the heart of what we do. We deliver on our promise to help restore lives and rebuild businesses when the unexpected happens. Building relationships has been a part of our culture since 1848.

Be a part of a team that recognizes and appreciates those who take initiative, seek opportunity and strive for innovation in a changing world.

Actuarial Analyst 3 Job Summary

Location: Westfield Center, OH (could be open to remote worker within our operating territory)

Salary Range: $90,491 - $117,639

The Actuarial Analyst 3, working under limited supervision, conducts complex analyses, provides recommendations, and participates in special projects of an actuarial nature. The Actuarial Analyst 3 draws on actuarial experience and knowledge to solve problems, improve analyses, and advance actuarial methodologies.  The Actuarial Analyst 3 often serves as a peer mentor to less experienced Actuarial Analysts, reviewing their work and providing suggestions for improvement. Within assigned areas, the Actuarial Analyst 3 applies their actuarial experience and knowledge to complete a wide-variety of actuarial duties as outlined in the essential functions below.

Essential Functions (primary functions and/or reasons the job exists in order of importance)

Working under limited supervision, completes actuarial assignments. Improves upon standard processes and thinks through better ways to approach assignments and analyses. Applies actuarial experience and knowledge in completing tasks in assigned area (e.g. Pricing, Loss Reserving, Research and Development):

Providing input on pricing of new and existing products.

Collaborating with Underwriting and Product in managing business.
Determining loss and loss expense reserve recommendations.
Preparing and defending state filing materials and developing management reports.
Estimating unpaid loss and loss expense liabilities.
Providing support to Financial Reporting (e.g. annual statements).

Provides recommendations on actuarial matters such as pricing, reserving, or modeling. May provide recommendations directly to business partners (e.g. Reserve Committee, Underwriting and Product leaders).
Completes assigned complex projects of an actuarial nature with limited input including researching, ensuring accuracy of calculations and analyses, and meeting project deadlines.
Develops and utilizes management reports to monitor performance, behavior, and results of company goals and objectives.
Utilizes advanced actuarial methods, leveraging relevant tools and technologies, to improve analyses.
Extracts, organizes, and validates data in support of actuarial analysis.
Develops, maintains, and applies knowledge of industry and actuarial trends, market conditions, and competitor information.
Serves as peer mentor and subject matter expert to less experienced actuarial analysts in the department.
Travels occasionally in order to participate in special assignments, training, and/or travel between office locations.

Desired Qualifications/Experience/Certification/Education (in order of importance)

Minimum of 6 years of insurance and/or business experience.
Minimum of 4 years of actuarial experience.
Credit for completion of the following Casualty Actuarial Society work: passing the "Basic techniques for rate making and estimating claims liability" exam and completion all CAS preliminary requirements (e.g. exams, VEEs, online courses) prior to this exam.
Demonstrated experience and advanced proficiency with Excel (e.g. array formulas, complex multi-tab workbooks, pivot tables, visual basic macros).
Proven ability to collect and analyze complex data, identify trends, establish facts, and recommend solutions.
Demonstrated skills with programming languages such as SAS, R, SQL, and Visual Basic.
Demonstrated strong attention to detail along with organizational skills.
Demonstrated excellent written and oral communication skills including the ability to convey advanced concepts to a non-technical audience.
BS or BA degree in actuarial science, mathematics, or related field or commensurate experience.
Valid driver's license and a driving record that conforms to company standards.

Physical Requirements (specific to the role)

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Ability to work effectively in an office environment for 40+ hours per week (including sitting, standing and working on a computer for extended periods of time).
Ability to communicate effectively in a collaborative work environment utilizing various technologies such as:  telephone, computer, web, voice, teleconferencing, e-mail, etc.
Ability to travel as required.

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

We are an equal opportunity employer/minority/female/disability/protected veteran.



Job Summary

Employment Type:
Full Time Employee
Job type:
Federal Contractor
Skill Based Partner:
Education Level:
Bachelor's degree
Work Days:
Mon, Tue, Wed, Thu, Fri
Job Reference Code
Licenses / Certifications:
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