Actuarial Fellow jobs in Colorado
Actuarial Fellow 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 Actuarial Fellow 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, Actuarial Fellow 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. Requires Fellow of Society of Actuaries (FSA). Typically reports to a manager. To be an Actuarial Fellow typically requires 12+ years of related experience. Achievement and depth of knowledge of specialization or field is the main differentiator. Advisory role on complex and challenging projects and initiatives. Recognized for deep technical and industry knowledge and innovative thinking. Provides thought leadership and guidance to a functional area and the organization. (Copyright 2024 Salary.com)
Recently Added Actuarial Fellow jobs
- Berkley
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Englewood, CO
OTHER
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Company Details
Verus Specialty Insurance is an Excess and Surplus Lines provider writing business countrywide, a member of W.R. Berkley Corporate (NYSE: WRB), one of the largest property casualty insurance holding companies in the United States. The resources and strength of a Fortune 500 company back us and we operate with the flexibility and closeness of a small underwriting company. As such, Verus Specialty Insurance operates through a group of wholesale producers nationwide.
Our leadership encourages a culture that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We believe our strength comes from building an exceptional team that embraces collaboration, growth and ownership. If you share our vision and want to work for an organization that values your contributions, we want to hear from you!
The Company is an equal employment opportunity employer.
https://www.verusins.com/
Responsibilities
- Analyze both internal and external data to adapt and develop rating methodologies for existing company products.
- Use techniques to incorporate new variables in pursuit of a competitive advantage and improved underwriting results.
- Utilizes loss development and other methods to participate in the determination of incurred but not reported reserve estimates to be used in profitability analyses.
- Produce regular monthly reports and/or analyses used to complete the financial close process and/or used to improve underwriting results of the company.
- Represent the needs of the actuarial department on cross functional projects.
- Constantly seek to improve current reporting and actuarial processes.
- Participate in planning ultimate loss and loss adjustment ratios based on underwriting leadership plans and changes to underwriting guidelines.
Qualifications
Education and Experience
- Bachelor’s degree in a quantitative discipline such as Actuarial Science, Statistics, or Mathematics.
- Preferred experience level of at least one actuarial internship, or other relevant experience in predictive analytics.
- Requires minimum of two actuarial exams completed with strong track record of passing exams, actively pursuing FCAS.
- Requires proficiency with Microsoft products including Excel and VBA.
- Power BI and SQL Server knowledge preferred.
- R and Arius knowledge preferred.
- Requires familiarity with basic insurance concepts.
- Preferred familiarity with Professional Liability and/or Commercial Auto pricing.
Knowledge and Skills
- Proven experience in organizing, prioritizing, and managing multiple priorities.
- Strong attention to detail.
- Excellent written and verbal skills.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $70k - 90k The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Eligible to participate in the annual discretionary bonus program Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.Additional Requirements
The application window for this role is estimated to be open through April 15, 2024, but may be extended if necessary, please submit your application as soon as possible prior to April 15, 2024.Sponsorship Details
Sponsorship not Offered for this Role - 16 Days Ago
- Fidelity Investments
-
Greenwood, CO
FULL_TIME
- 2030855-4Job DescriptionSearching for an experienced future actuary interested in building a career in a team centric fast paced consulting environment.The TeamThe Fidelity Workplace Consulting Group ...
- 9 Days Ago
- Kaiser Permanente
-
Denver, CO
OTHER
- Salary Scale: $48.94/hour - $57.54/hourJob Summary:This position is remote; however candidates must reside within the States that we operate in, which include California, Colorado, Georgia, Hawaii, Il...
- 17 Days Ago
- CEDENT
-
Aurora, CO
FULL_TIME
- Title: Senior Actuarial Associate / Senior Actuarial Analyst@ Aurora, CO Terms of Hire: Full Time. No of positions: Multiple Job description Provide actuarial services to develop best-practice actuari...
- 10 Days Ago
- SMA/PD/COPPS
-
Greenwood, CO
FULL_TIME
- The Postdoctoral Fellow will have earned a Doctoral degree from an APA Accredited psychology program and will work under the direct supervision of the Staff Psychologist or Police and Public Safety Ps...
- 9 Days Ago
- Trust for Public Land
-
Greeley, CO
FULL_TIME
- About the opportunity:This is a 2-year, full-time fellowship position with Trust for Public Land. The Greeley C.O.R.E. Fellow will serve as a liaison with the community and Trust for Public Land (TPL)...
- Just Posted
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- Friendship Public Charter School
-
Washington, DC
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- Drexel University
-
Philadelphia, PA
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- HealthPartners
-
Saint Paul, MN
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- Details Sign-on bonus: 5,000 Department: SNW Med Surg Schedule: Full Time Rotating Hospital: Seton Northwest Hospital Lo...
- 6/10/2024 12:00:00 AM
- Ascension
-
Woodway, TX
- Details Sign-on bonus: 5,000 Department: Cardiovascular UnitUnit Schedule: Full Time Rotating Hospital: Ascension Provid...
- 6/10/2024 12:00:00 AM
- MultiCare Health System
-
Spokane, WA
- You Belong Here. At MultiCare, we strive to offer a true sense of belonging for all our employees. Across our health car...
- 6/9/2024 12:00:00 AM
- State of Nebraska
-
Lincoln, NE
- The work we do matters! Hiring Agency: Attorney General - Agency 11 Location: Lincoln Job Posting Hiring Rate: $0.000 Cl...
- 6/9/2024 12:00:00 AM
- Albany Med Health System
-
Albany, NY
- Department/Unit: Regenerative & Cancer Cell Biology Work Shift: Day (United States of America) A postdoctoral fellow pos...
- 6/9/2024 12:00:00 AM