What are the responsibilities and job description for the Actuarial Analyst position at Procom?
Job Summary
We are seeking a Actuarial Analyst to support pricing, reserving, and financial analysis for our insurance products. This role partners closely with Finance, Risk, and Accounting to deliver data-driven insights that influence business decisions and ensure accurate financial reporting.
Responsibilities
Actuarial & Analytics
- Analyze and support pricing and reserve calculations for auto insurance products
- Partner with Risk, Finance, and Accounting to ensure accurate loss provisions
- Extract and analyze data to improve underwriting, pricing, and forecasting
- Monitor actual results vs. forecasts and identify key trends and drivers
- Support IFRS 17 reporting and financial analysis
- Assist with audit processes and collaborate with external auditors
- Enhance and automate data processes, reporting, and model outputs
Underwriting Support
- Assist in developing and refining underwriting guidelines
- Collaborate cross-functionally to support product structure and risk selection
- Ensure compliance with internal standards and regulatory requirements
Collaboration
- Partner with senior actuaries and business leaders on key initiatives
- Contribute to process improvements that increase efficiency and accuracy
Qualifications
Experience
- 7 years of actuarial or related experience
- 3 years in an analytics role within financial services
- Insurance experience required; auto insurance preferred
- Risk management experience is a plus
Education
- Bachelor’s degree in a quantitative field (e.g., Mathematics, Statistics, Economics, Data Science)
- Master’s degree preferred
Skills
- Strong analytical and problem-solving abilities
- Ability to communicate complex concepts to non-technical stakeholders
- Advanced Excel and strong SQL skills required
- Python or SAS experience preferred
Preferred
- FCAS designation or progress toward certification
- Experience working with external auditors