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Senior Actuarial Analyst
at Homesite Insurance
Homesite Insurance was founded in 1997 and was one of the first companies to enable customers to purchase home insurance directly online, during a single visit. Since then, we've continued to innovate rapidly to meet the needs of our customers and their changing expectations.
One thing that's stayed the same since our founding: our commitment to our customers, partners and employees.
Join us on our journey as we continue to grow into a powerful contender in the field of insurance.
We are seeking a strong contributor who is dedicated to pursuing their actuarial exams and who is looking for an engaging work environment that values collaboration and strives for excellence. The Actuarial Analyst position will be part of the Pricing team and will work closely with other actuaries to review the pricing of our homeowner’s products. The analyst will be the main pricing resource for select states. Their primary responsibility will be to provide sound actuarial pricing recommendations to the Product Manager who is responsible for the performance of these states.
This position also offers an excellent opportunity to interact with a variety of departments in the organization (Government Affairs, Compliance, IT Leadership, Partner Management, Operations, Claims, etc.) and the broader American Family community.
Primary Roles and Responsibilities:
State Management: The Actuarial Analyst is responsible for conducting reviews of rates, rules, underwriting, and product offerings. These reviews consist of:
- Using actuarial methods to develop rate filings at a state level to ensure Homesite is priced appropriately across all products and segments
- Understanding profitability on a state basis, and what actions can be taken to improve performance
- Contribute to analysis which determines, at a state level, whether the company is selling the right product, to the right customer, at the right price
Contribute to the development of new products: The Actuarial Analyst may participate in the analysis and implementation of new products
Functional Expertise: Gain knowledge in insurance content matters that cut across Homeowners products
- Relevant Experience: A minimum of 1 year of professional experience or 1 actuarial internship, ideally including work in Property & Casualty insurance
- Exams: Passing grades on a minimum of 2 Casualty Actuarial exams and desire to achieve Fellowship in the Casualty Actuarial Society (FCAS)
- Educational Credentials: A bachelor’s degree and quantitative analytical knowledge is required; a graduate degree is preferred, but not required
- Entrepreneurial Mindset: A self-starter who is willing to learn to identify business opportunities, develop a product plan to capitalize on those opportunities, and successfully implement the plan
- Structured & Logical Thinking: The ability to learn to identify and define business problems and issues, and develop strategic, analytical, and financial frameworks to conduct analyses
- Analytical Rigor: Analyze state performance and identify additional areas of research; Powerful Communication: The ability to communicate effectively and succinctly across a variety of media
- Team Player: The candidate will need to work well as part of a team
- Software Experience: Knowledge of SQL, SAS, R, Python, Tableau, Microstrategy, and/or other programming/data query/reporting knowledge, in addition, intermediate to advanced skills in Microsoft Excel is required;
The candidate selected for this position will be a creative, out-of-the-box thinker who is intellectually curious with a demonstrated interest in learning. This person will also need to be a self-motivated, high-energy individual who can easily function in a fast-paced, performance-driven environment. He/she must be accustomed to working on multiple tasks in parallel and committed to meeting deadlines, including some with short time frames. This professional must demonstrate strong leadership skills, including the ability to gain credibility with and influence both team members and management.
Homesite is a fast-paced, fast-growing insurance company with presence in Boston and Seattle. At Homesite:
- Everyone makes a difference: All levels of our organization make a significant and direct impact and clearly see how their work ties to Homesite goals.
- We have awesome talent: We are a fun, smart, collaborative team that likes to learn new technology and be innovative in our approach to solving problems.
- We are invested in your growth: Analysts at all levels have opportunities to work on special projects and interact with senior leaders.
- We are invested in your success: You get paid study time, materials for actuarial exams, and access to a group of over 35 actuaries and students.
- We have fun at work: We believe that work should be fun. From summer socials, to team lunches, to department-wide trivia contests, we strive to incorporate fun in our day-to-day. And we have free pizza on Fridays!
Homesite is an insurance company that's big on technology. Finding faster and smarter methods of improving how people buy insurance is our jam. Our crew is made up of talented and passionate professionals who aren't afraid to push the envelope. When you work at Homesite, you'll have the opportunity to pursue your creative ideas in an environment that welcomes them.
Join our team as we shake up the world of insurance!