Job Summary:

The Actuarial Analyst is primarily responsible for the pricing/reserving of the Company’s products. The position also supports the estimation of ultimate loss and loss adjustment expenses for purposes of establishing appropriate reserves.

Essential Duties and Responsibilities:

•Develops rates, rating plans and pricing strategies using actuarial techniques and competitive analyses

•Applies actuarial methods and principles to obtain rate indications, complete projects, analyze results and make recommendations

•Proposes improvements in the accuracy and sophistication of pricing and forecasting models

•Researches emerging trends, competitive conditions and operational changes

•Assists with evaluating loss and loss adjustment expense reserve adequacy

•Provides supporting materials for filings to secure regulatory approval of company rates

•Uses the company’s data warehouse system and suggests changes as necessary

•Reconciles data used in pricing and reserving models to Company financial data

•Communicates results of analyses to various internal and external affiliates

•Coordinates with underwriting, marketing, and systems staff to implement rates and products that support profitable growth

•Documents files

•Communicates with co-workers, management, clients, vendors, and others as needed in a courteous and professional manner. 

•Maintains the integrity of the company and products offered by complying with federal and state regulations as well as company policies and procedures.

•May perform other duties and responsibilities as assigned.

Job Qualifications:

•Bachelor’s degree required; preferably in the areas of actuarial science, mathematics, or statistics.

•One to two actuarial exams completed preferable.

•One to two years of technical experience in P&C insurance focusing on actuarial disciplines such as pricing, reserving, reinsurance, and predictive modeling preferable.

•Possess excellent communication skills and is technically sound with an ability to solve complex actuarial problems

•Experience in/with: Using macros and other advanced spreadsheet applications (i.e. Excel) as well as other software applications (i.e. Microsoft Office)

•General understanding of predictive modeling concepts

•Ability to work independently in a fast paced environment; and manages changing priorities effectively.

•Detail-oriented and exceptionally organized.

•Collaborative partner; ability to contribute to a positive work environment.

General Information:

All employees must pass a pre-employment background check. Other checks may be needed based on position: driving history, credit report, etc.

The preceding job description has been designed to indicate the general nature of work performed; the level of knowledge and skills typically required; and usual working conditions of this position. It is not designed to contain, or be interpreted as, a comprehensive listing of all requirements or responsibilities that may be required by employees in this job. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Heritage Insurance Holdings, Inc. is an Equal Opportunity, Affirmative Action Employer. We will not discriminate unlawfully against qualified applicants or employees with respect to any term or condition of employment based on race, color, national origin, ancestry, sex, sexual orientation, age, religion, physical or mental disability, marital status, place of birth, military service status, or other basis protected by law.