Sr. Actuarial Analyst

Virginia Farm Bureau Federation • University Of Richmond, VA 23173

Posted 4 weeks ago

Job Description

Sr. Actuarial Analyst Location: Richmond, VA
Company: Virginia Farm Bureau Mutual Insurance Company

Virginia Farm Bureau has an opening for a Senior Actuarial Analyst to work out of our West Creek Home Office in Richmond, VA. In this position, you will participate in research activities to obtain information required for rate changes, product development and management decisions.

At Virginia Farm Bureau we provide an exceptional benefits package, including ongoing job development and support in all roles, paid training and continuing education reimbursement, medical and dental insurance on your first day, generous employee 401K contribution, excellent Paid Time off (PTO) plan and more!

Primary Duties

  • Develop rates which are profitable, competitive, and consistent with company goals and objectives.

  • Develop and maintain actuarial sound pricing models for all property and casualty products.

  • Design, develop and maintain property and casualty competitive models.

  • Perform loss, loss adjustment expense and salvage/subrogation reserve studies.

  • Coordinate research activities to obtain information required for rate changes, product design and management decision making.

  • Provide actuarial data, cost analysis and technical assistance in the implementation of all property and casualty products.

  • Assist in personal lines predictive modeling.

  • Assist in corporate budget forecasting and modeling.

Additional Duties

  • Assure that rate manual pages, premium determination rules and computer support are in compliance with the rating rules and procedures on file with the Bureau of Insurance for each line of business.

  • All other duties as assigned by the manager and/or Sr. VP of Product Development and Actuarial

Minimum Education / Experience Qualifications

  • Bachelors degree in Mathematics, or Statistics or Actuarial Science.

  • Minimum 7 years of experience in the actuarial field.

Minimum Skill Qualifications

  • Extensive PC skills including databases, spreadsheets, and Windows word processing packages

  • Proven analytical ability

  • Strong interpersonal skills

  • Excellent oral and written communication skills

Preferred Qualifications

  • Proficiency in predictive modeling using Emblem and Radar

  • Proficiency in accessing mainframe database

  • Ability to format analytical report requests and exchange information between mainframe systems and personal computers.

  • Minimum of 5 exams in Casualty Actuarial Society or equivalent experience


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