What are the responsibilities and job description for the Sr Actuarial Support Analyst position at UFG?
UFG is currently hiring for an Actuarial Support Senior Analyst whose focus will be to support the actuarial team by collecting and analyzing data, preparing reports, coordinating projects, and collaborating with our internal partners to ensure financial accuracy and mitigate risk. Tasks for this role could include reserve appraisal work, designing and maintaining financial models, identifying and developing process efficiencies and overall quality of work improvements.
This position will maintain and populate current models used in the reserving process and will support actuarial modernization efforts. This includes database management and/or external vendor software migration efforts as well as other special project work as needed. The position will support interactions with external partners and/or audit support.
Essential Duties and Responsibilities:
Data Analysis and Reporting
- Collect and compile data from various sources, departments, and systems for actuarial analysis
- Identify and develop process efficiencies and overall quality of work improvements
- Support the preparation of monthly, quarterly, and year-end financial reports, including statutory annual statements
- Assist with building and maintaining financial models and projecting future trends
- Assist with reserve appraisal work
Risk Management and Compliance
- Support the analysis of statistical information related to various factors to assess risk
- Work with internal and external auditors to ensure successful audits and examinations of the company’s financial practices
Technical Support
- Maintain records, databases, and filing systems for efficient information retrieval
- Utilize statistical software, mainframes, and platforms for data analysis and reporting
Job Specifications:
Education:
- BS in Mathematics, Actuarial Science, Statistics or related field required
Experience:
- 4 years of related commercial P&C experience required
- 2 years of finance experience preferred
Knowledge, skills & abilities:
- Proven ability to work with Excel, Power Point, Word
- Strong SQL and VBA skills
- Comfort with database management
- Strong verbal and written communication skills
- Strong attention to detail and focused on the delivery of high-quality work
- Ability to work independently to achieve results and meet deadlines
Working Conditions:
- General Office Environment
Pay Transparency Statement:
UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $71,598 - $94,396, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data.
In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:
- Annual incentive compensation
- Medical, dental, vision & life insurance
- Accident, critical Illness & short-term disability insurance
- Retirement plans with employer contributions
- Generous time-off program
- Programs designed to support the employee well-being and financial security.
This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.
Salary : $71,598 - $94,396