What are the responsibilities and job description for the Actuarial Analyst position at Old Republic Specialty Insurance Underwriters?
Title: Actuarial Analyst
Reports To: VP, Actuary
Department: Actuary
Location/Schedule: Yardley, PA/Hybrid
Classification: Full-Time/Exempt
Who We Are:
Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart.
Old Republic Specialty Insurance Underwriters (ORSIU) is part of Old Republic International Corporation. We offer insurance and reinsurance spanning most lines of business, and partner with specialists who are committed to providing the highest levels of service with the products necessary to meet the unique needs of the Alternative Risks, Specialty Programs and Excess Casualty marketplace.
Position Overview:
The Actuarial Analyst will assist in the completion of actuarial work products provided by the team, including insurance & reinsurance pricing, tool & model development and internal reporting.
Essential Job Functions:
- Assist and complete individual account pricing and portfolio pricing analyses.
- Prepare monthly/quarterly management reports as required; work with senior leadership to improve and automate these reports.
- Maintain and improve existing pricing models and assist in the development of new models.
- Provide actuarial support for rate filings and data calls; prepare data and exhibits in response to objections from state insurance departments.
- Assist in the collection of internal and external data for rate monitoring and other projects as needed.
Qualifications:
- Degree in Actuarial Science, Mathematics, Statistics, Economics, or other math-focused or programming field. Insurance industry experience preferred.
- Minimum 2-3 years of P/C actuarial experience preferred.
- Strong familiarity with Microsoft Excel required; experience with Access, SQL, VBA, Python or other programming languages.
- Completion of 2-4 CAS actuarial exams is preferred.
ORI is an Equal Opportunity Employer. ORI provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.