Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Location: Onsite; Omaha, Nebraska
Terms: Direct Placement with end client
Salary Estimate: $145K-$170K plus attractive benefits package
Capstone IT is seeking a Senior Actuarial Pricing Analyst to join our client's team. This role includes leading pricing strategies, risk management, and solutions for their growing product line. The ideal candidate will have had prior experience serving as the primary point of contact for pricing and risk management in an insurance environment. Key qualifications include strong collaboration skills, experience with pricing and risk management leadership, and excellent communication abilities for conveying complex information clearly.
Our client is serious about providing a great culture, work/life balance and opportunities for all employees to be empowered and learn in their role. Signing bonus and relocation assistance will be offered as part of the total compensation package.
Key Responsibilities:
· Initiate, organize, direct, and analyze actuarial work.
· Develop actuarial assumptions and maintain product pricing, profit studies, reserves, rate filings, and related procedures.
· Compile and evaluate statistical data, applying advanced actuarial concepts and insurance knowledge.
· Collaborate with various departments to enhance product performance and manage risk effectively.
· Present voluminous data in a concise, understandable format.
· Prepare basic financial and statistical reports.
· Build, maintain, and upgrade financial models utilizing complex actuarial concepts.
Requirements:
· Bachelor’s degree in actuarial science or a related discipline.
· Completion of FSA designation is required.
· Expert level proficiency in Excel for mathematical modeling and statistical analysis.
Preferred:
· Medicare Supplement pricing experience.
· Experience with running SQL queries.
· Insurance industry experience.
· Experience with ALFA.
Capstone IT is an EEO Employer
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Job Type: Full-time
Pay: $145,000.00 - $160,000.00 per year
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Work Location: In person