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What is an associate actuary

what is an associate actuary

Basic Job Info

Job Description

Associate Actuary Implement Actuarial services within area of responsibility by applying advanced statistical methodologies to conduct complex quantitative analyses and report to senior level actuaries and other internal departments to assist with risk management, financial planning and decision-making surrounding incoming business.

  • Play a large strategic role in developing and advancing agricultural insurance products at QBE
  • Develop a multivariate rating plan model for agriculture
  • Create pricing points considering the Farmer as the central customer and all their insurance needs
  • Developing competitive position indices in the agriculture space

Primary Responsibilities

  • Forecast financial exposures by utilizing broad knowledge of advanced statistical methodologies to analyze and interpret complex data surrounding new business and develop recommendations to mitigate risk and achieve profitability goals
  • Support pricing and financial planning by performing extensive research on high-impact and complex actuarial studies to share information and advise leaders on pricing and financial strategies and policies
  • Facilitate the development of actuarial analysis tools and methods by monitoring and evaluating trends and outside developments to ensure adopted methods are robust and valid for business use
  • Ensure utilization of industry best practices by managing and revising actuarial systems, models and procedures to encourage efficiency and organizational competitiveness in the market
  • Guide decision-making by researching new business and analyzing data to advise senior level actuaries and other departments on profitable business opportunities
  • Build relationships by partnering and collaborating with team and across the business to communicate information and foster understanding of Actuarial department functioning
  • Implement high quality analysis by ensuring program reviews are accurate, complete and communicated to end-users to ensure the sharing of useful knowledge for decision-making
  • Manage budgeted resources by anticipating expenditures, accurately forecasting resource needs/costs and properly accounting for expenses to meet requirements and achieve fiscal responsibility
  • Contribute to a positive environment by demonstrating cultural expectations and guiding leaders to reward performance and value “can do" people, accountability, diversity and inclusion, flexibility,

    continuous improvement, collaboration, creativity and fun

  • Adopt QBE values in personal work behaviors, decision-making, contributions and interpersonal interactions; manage own career development by soliciting feedback and valuing other perspectives

Job Requirements

Associate Actuary Required Qualifications

  • Bachelor’s Degree or equivalent combination of education and work experience
  • 4 years relevant experience
  • Property and casualty actuarial field; experience with actuarial analyses in area of responsibility; increasing levels of responsibility

Preferred Qualifications

  • Associate-Casualty Actuary Society (CAS) Certification
  • Advanced working knowledge of specialized math including calculus, statistics, probability
  • Advanced working knowledge of current and possible future policies, practices, trends, technology and information affecting his/her business and organization; knows how the business works
  • Advanced working knowledge of computer systems and software
  • Advanced working knowledge of complex actuarial pricing techniques and best practices.
  • Utilize actuarial techniques to analyze data
  • Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
  • Identify complex problems and review related information to develop and evaluate options and implement solutions
  • Apply business and financial acumen
  • Influence team to adopt recommendations
  • Adapt and be flexible in a complex changing environment
  • Choose a solution to a problem even in ambiguous or difficult situations
  • Clearly and confidently convey information to a wide audience
  • Keep an open-mind, consider unique approaches and be open to change and considerable variety in the workplace
  • Show drive and initiative
  • Establish a high degree of trust and credibility with others

Work is generally performed in an office environment in which there is not substantial exposure to adverse environmental conditions. Must have the ability to remain in a stationary position for extended periods of time. Must be able to operate basic office equipment including telephone, headset and computer. Incumbent must be able to lift basic office equipment up to 20 pounds.

Number of Openings:

How to Apply:

Category: Insurance

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