Actuarial Analyst

Founded in 1800, Providence Mutual serves the personal and small commercial insurance needs of customers in New England, New York and New Jersey. As a mutual insurance company, we are accountable to our policyholders and manage our operations with their financial protection in mind.

Actuarial Analyst

• Establish and control rates, rating structures, and rating systems, including but not limited to historical experience reviews, competitor product analyses, and impact of changes.
• Assist with drafting proposals to recommend product changes or new product offerings that help achieve company goals for retention, growth, and profitability.
• Support the completion of the filing process, including preparation of actuarial exhibits and responses to regulatory requests.
• Participate in the implementation, testing, and communication of product changes.
• Develop, maintain, and automate actuarial tools and processes that enhance pricing accuracy and efficiency.
• Provide support for evolving data sources and analytics tools that service the business intelligence needs of the company.
• Conduct additional risk and profitability analyses as required or assigned.
• Perform other duties or special projects as required or assigned.

Job Requirements

Educational and Training Requirements

· BS or BA in Mathematics, Actuarial Science, Data Science, Computer Science, or related field.

Experience

· Three to ten years experience in property and casualty insurance pricing or actuarial analyses

Knowledge, Skills, and Abilities

· Strong mathematical, analytical, and critical thinking skills.

· Advanced proficiency in Excel (formulas, pivot tables, data modeling).

· Proficiency in MS SQL Server Management Studio for data extraction and analysis.

· Working knowledge of R and/or Python for statistical modeling, automation, and advanced data analytics.

· Experience with business intelligence tools (e.g., Power BI, Tableau, or similar) a plus.

· Familiarity with automation tools (e.g., VBA, workflow automation, or scripting).

· Working knowledge of other Microsoft products, including Word, Outlook, and Teams.

· Excellent verbal and written communication skills.

· Understanding competitive rating data and insurance regulatory requirements a plus.

· Solid knowledge of insurance concepts and actuarial techniques.

· Ability to meet project deadlines and manage multiple projects simultaneously.

· Ability to balance attention to detail with a broader strategic view.

· Demonstrated creativity and resourcefulness in solving problems.

· Personal leadership and accountability.

Job Type: Full-time

Pay: From $77,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Life insurance
• Matching gift program
• Paid time off
• Retirement plan
• Vision insurance
• Volunteer time off

Experience:

• Property & Casualty : 3 years (Preferred)
• Actuarial Analyses : 3 years (Required)

Ability to Commute:

• Warwick, RI 02886 (Required)

Work Location: Hybrid remote in Warwick, RI 02886

Salary : $77,000