Junior Actuarial Analyst

About Us

Dealer Owned Warranty Company LLC is a leading provider of F&I (Finance and Insurance) partnership services in the automotive industry, offering a full suite of obligor and administrator services, top-of-the-line products, technology, and training. We understand the importance of leveraging process and technology in the F&I industry to drive revenue and ensure success. Our goal is to provide visibility, transparency, and the tools needed for our partners to build their wealth and achieve their goals. DOWC prides itself on taking care of its employees (We were voted one of the “Best Places to Work” three years in a row!), and we also offer award-winning products. All of our positions are fully on-site in Parsippany, NJ.

Job Summary:

The Junior Financial Analyst will perform financial analysis to support the organization as a whole. This role will focus specifically on actuarial insurance performance to analyze and improve the performance of our insurance portfolios. The role will work closely with the Data & Analytics team to deliver financial reports and presentations to make actionable recommendations.

Duties/Responsibilities:

· Conduct high loss ratio analyses and present actionable recommendations such as reserve adjustments, product changes, or coverage modifications.

· Analyze specific data to identify patterns or underlying causes of underperformance.

· Present findings with clear, data-driven strategies for performance improvement.

· Manage runoff calculations for mature portfolios with no new premium inflow, including calculating anticipated runoff and reserves.

· Prepare a monthly report comparing expected vs. actual loss ratios for business review.

· Compare forecasted loss ratios against actual outcomes for the overall book of business.

· Perform detailed risk assessment procedures on revenue by recalculating earnings to validate accuracy and compliance with recognition standards.

· Conduct variance analysis and explain deviations, with insights into drivers of performance.

· Update rate cards based on portfolio analysis by identifying areas where pricing adjustments are needed.

· Ensure rate recommendations align with risk objectives and financial goals.

· Maintain organized work papers for each review and ensure analyses are documented thoroughly for future reference.

· Maintain systematic record keeping of assumptions, methods, and data sources.

· Continuously monitor trends across the insurance portfolio and identify emerging risks and improvement areas.

· Performs other duties as assigned at the discretion of management.

Required Skills & Experience:

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Data Science, or related field.
• Minimum of 1-2 years' experience as a financial analyst preferably in the actuarial field.
• Progress towards actuarial exams (SOA or CAS) highly preferred.
• Experience with programming languages such as Python, R, SQL, or other coding for data analysis and automation.
• Strong experience in data wrangling, including cleaning, transforming, and structuring large datasets for analysis.
• Experience or working knowledge of advanced forecasting techniques, predictive modeling, and trend analysis.
• Proficiency in financial modeling and analysis.
• Advanced knowledge of Excel and Microsoft tools.
• Excellent analytical, problem-solving, and attention to detail.
• Excellent communication skills both written and verbal in English.
• Eagerness to learn and positive can-do attitude.

Come join our growing team here in Parsippany! As NJ's Best Places to Work Honoree for three years in a row, we offer:

• Competitive compensation
• Medical, Dental, Vision, 401k matching, Life Insurance, medical expense card
• PTO and Sick Time
• Corporate events, team and culture building activities, employee awards and recognition, company trips and more!

DOWC is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected Veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law. Applicants who require accommodation to participate in the job application process may contact us for assistance