The Senior Actuarial Analyst conducts complex analyses, mentors staff, improves actuarial processes, and collaborates on pricing strategies in Commercial Lines.
Job Summary
The Senior Actuarial Analyst in Commercial Lines, working with limited supervision, conducts complex analyses, provides recommendations, and leads special actuarial projects. The role applies highly technical actuarial acumen and skill set in completing assignments and works to improve processes in the actuarial department. The role researches and develops best practices pricing techniques to be implemented across the business, serves as a mentor to less experienced professionals, provides general expertise on market trends and product performance and adheres to internal and external compliance requirements/standards.
Job Responsibilities
- Directs actuarial projects while applying actuarial skills and knowledge of the Company's insurance products and operations.
- Completes research, ensures accuracy of calculations and analyses, and meets project deadlines.
- Completes all complex actuarial assignments by following standard processes in area of Commercial Lines Pricing
- Provides input on the pricing of new and existing products, collaborates with the Underwriting, IT, and Product teams.
- Assists in developing management reports that are used to monitor performance, behavior, and results of company goals and objectives.
- Develops and maintains adequate knowledge and awareness of industry activities through attendance at seminars, reading trade journals and magazines, and through personal contact with other insurance companies, state regulatory bodies, and professional affiliations.
- Gathers information, prepares reports, and creates datasets following already documented processes in support of the Actuarial Department.
- Prepares collateral for defending state filing materials, and partners with the IT team to implement rate and rule changes in rating.
- Provides ongoing review and improvements of pricing and processes for greater automation, accuracy, and rate adequacy.
- Supports peers and less experienced professionals, analysts, and associates in their respective activities on pricing.
Job Qualifications
- 5+ years of insurance and/or business experience.
- 4+ years of actuarial experience.
- Bachelor's degree in Mathematics, Actuarial Science, Statistics, or a related field and/or commensurate work 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.
Behavioral Competencies
- Collaborates
- Customer focus
- Communicates effectively
- Decision quality
- Nimble learning
Technical Skills
- Financial Acumen
- Knowledge of Programming Languages
- Statistical Modelling Software
- Pricing Modeling
- Statistical Analysis
- Predictive Analytics
- Corporate Reserving
- Data Analysis and Reporting
- Actuarial Analytics
- Insurance Industry Knowledge
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.
Similar Jobs
Insurance
Leads complex commercial lines pricing analyses and actuarial projects with limited supervision. Develops pricing techniques, evaluates product performance and market trends, supports state filings, creates datasets and management reports, and partners with Underwriting, IT, and Product teams to implement rate changes. Improves pricing processes through automation and accuracy initiatives while mentoring less experienced actuarial professionals and ensuring compliance with internal and external standards.
Top Skills:
Actuarial AnalyticsPredictive AnalyticsPricing ModelingStatistical AnalysisStatistical Modeling Software
Financial Services
Researches credit card fraud cases and provides customer support, spending approximately 80% of time investigating issues and 20% handling calls. The role requires navigating multiple computer systems, interpreting customer needs, following regulatory procedures, resolving complex interactions, and escalating non-standard issues. Candidates must work flexible schedules, including evenings and weekends, attend scheduled training, and maintain accuracy, empathy, sound judgment, and adaptability in a fast-paced call center environment.
eCommerce • Fashion • Retail • Sales • Wearables • Design
The Lead Supervisor leads sales teams, achieves targets, enhances customer experience, and manages operations while promoting collaboration and compliance.
What you need to know about the Los Angeles Tech Scene
Los Angeles is a global leader in entertainment, so it’s no surprise that many of the biggest players in streaming, digital media and game development call the city home. But the city boasts plenty of non-entertainment innovation as well, with tech companies spanning verticals like AI, fintech, e-commerce and biotech. With major universities like Caltech, UCLA, USC and the nearby UC Irvine, the city has a steady supply of top-flight tech and engineering talent — not counting the graduates flocking to Los Angeles from across the world to enjoy its beaches, culture and year-round temperate climate.
Key Facts About Los Angeles Tech
- Number of Tech Workers: 375,800; 5.5% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: Snap, Netflix, SpaceX, Disney, Google
- Key Industries: Artificial intelligence, adtech, media, software, game development
- Funding Landscape: $11.6 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Strong Ventures, Fifth Wall, Upfront Ventures, Mucker Capital, Kittyhawk Ventures
- Research Centers and Universities: California Institute of Technology, UCLA, University of Southern California, UC Irvine, Pepperdine, California Institute for Immunology and Immunotherapy, Center for Quantum Science and Engineering
