Company Details

Midwest Employers Casualty (MEC) is a member of the W. R. Berkley Corporation, a fortune 500 company, rated A (Superior) by A.M. Best Company, based in Chesterfield, MO. We improve the quality of life for employees severely injured on the job and help companies understand and mitigate their risk for workers’ compensation injuries. MEC has a friendly, results-focused work environment. We seek employees who take initiative, are quick to adapt, are dependable, and like working as part of a team.

https://www.mecasualty.com/

The company is an equal employment opportunity employer.

Responsibilities

MEC has a friendly, results-focused work environment. Are you detail oriented and an expert in math and analytical skills? Able to prioritize and complete multiple assignments, have strong customer service skills, dependable and like working as part of a team? Are you looking for a team that values your experience, unique perspective and creativity?

This position will be part of a diverse team of experts utilizing your communication, analytical, and technical skills to support Special Projects / Research and the Reserving function of the organization and provide recommendations to stakeholders. You will also gain exposure to our other Actuarial functions, including Pricing, Forecasting, and Modeling. The Actuarial department at MEC owns and maintains several core products, including our proprietary loss cost estimation model and a model that generates policyholder impacts under a variety of in-force and what-if scenarios. Both are critical to the success of our company and this position will play a key role in supporting both. In addition, this role will play an important part in supporting company-wide forward-looking strategic projects.

The Associate Actuary’s role is to take the lead in coordinating, preparing, performing, and communicating increasingly complex statistical and actuarial analyses required to estimate expected losses for insurance products on an individual policy level or across the entire portfolio and/or project future financial results. This role will also participate in both internal and cross-departmental strategic projects that further support MEC’s success. While this role will immediately support our Special Projects / Research and Reserving functions, you will also have the future opportunity to work with our other functional areas within the MEC Actuarial department.

What you will do:

• Use best practices to determine appropriate analysis and perform moderate to highly complex analyses, using creative actuarial and statistical techniques, including proper documentation and evaluation, as appropriate to inform business decisions
• Select, review, use and ensure quality of data used to perform actuarial and statistical services and determine appropriate tool utilization
• Provide thought and/or technical leadership, including contributions to improvement, development and innovation, and sometimes serve as a subject matter expert
• Plan, implement, manage, and/or contribute on projects that are moderate to highly complex and are of moderate to larger scale using accepted project management standards; this work is primarily self-directed
• Communicate analysis results and appropriateness of actuarial/modeling techniques and results to management and non-technical users to inform business decisions
• Leverage understanding of insurance business, products, markets and regulatory environments in the creation of business strategies and decisions, building expertise within a specialized area
• Mentor less experienced talent

Qualifications

To Succeed in this role:

Candidates for this role will hold a bachelor’s or master’s degree in the field of mathematics, statistics, actuarial science or other similar quantitative field. Pursuit of actuarial designation through the CAS or SOA (General Insurance track) is required (existing ACAS/FCAS preferred). Along with advanced or expert knowledge of Microsoft Excel, analytical, actuarial and mathematical skills, this candidate will have intermediate to advanced knowledge of SQL, including query writing and/or Power BI. Prefer intermediate to advanced knowledge of R, Python or related modeling software, and familiarity with predictive analytic/modeling techniques.

This candidate will gain exposure to a variety of insurance products for self-insureds, captives and reinsurance clients, including primary, large deductible as well as specific and aggregate excess workers’ compensation, surety, auto liability and general liability. Possess strong interpersonal verbal and written communication skills and the ability to effectively convey actuarial concepts in understandable terms. Candidate will hold strong decision-making skills and can prioritize and complete multiple concurrent assignments in a timely manner. Finally, given our strong culture of continued personal development, you will have the opportunity to develop and grow in programming and modeling skills as well as knowledge in other areas of the Company.

What are some of the perks at MEC?

We offer flextime with core hours and a hybrid schedule. Health, dental and vision insurance benefits begin day one of employment. Flexible Spending Account, life insurance, Employee Assistance Plan, paid holidays, tuition/training reimbursement, bonus structure, 401(k) savings plan with profit sharing (averaging 10% the past few years). Employee referral program, business casual attire (nice jeans allowed) and fun social events, just to name a few.

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