Location: Westfield's operating territory
BUILD YOUR FUTURE, WHILE PROTECTING THEIRS.
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
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.
May perform talent management responsibilities (supervising 1-2 employees, as assigned) including employee selection, performance management, coaching, and development. Manages priorities and workload distribution and removes barriers that impede progress. Completes all personnel, salary administration, and reporting duties.
Desired Qualifications/Experience/Certification/Education (in order of importance)
5+ years of insurance and/or business experience.
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.
Experience and advanced proficiency utilizing Excel (e.g. array formulas, complex multi-tab workbooks, pivot tables, visual basic macros).
Experience collecting and analyzing data, identifying trends, establishing facts, and recommending solutions.
Experience and skills utilizing programming languages such as SAS, R, SQL, and Visual Basic.
Experience being accurate with a focus on attention to details.
Strong organizational skills gained through previous work experiences
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.
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.
Westfield offers a Total Rewards program that focuses on compensation, benefits and wellness, and includes perks like 401(k), pension plan, annual incentive, education reimbursement, flex-time, onsite fitness center and casual dress. Work-life balance, recognition, and learning and career development are all part of a rewarding career with Westfield.
To learn more about Westfield and the opportunities available, please visit us at westfieldinsurance.com.
We are an equal opportunity employer/minority/female/disability/protected veteran.