Marsh & McLennan Actuarial Analyst in Chevy Chase, Maryland
Coordinate, prepare and perform actuarial analyses required to develop new products, reprice0 existing products, project future results and determine financial profitability. Monitor industry developments, research and respond to information requests, and provide timely and accurate service.
Collect, analyze and evaluate experience data and prepare pricing and product management reports for multiple lines of insurance. Perform extensive reviews that require analysis of trends, factors, issues, competitive analysis, and rate level indications. Build, update and enhance workbooks and models as necessary to support changes in business. Coordinate development of actuarial database and related systems. Extract and organize data by applying technical knowledge of computer systems and programming. Assist in developing risk management advisories and other publications. Assist in development and due diligence of new program opportunities. Establish and maintain strong relationships with carrier actuaries. Communicate and collaborate with business partners in other functional areas, including marketing, finance, product development, underwriting and IT. Qualifications Position requires a four year college degree in Actuarial Science or related quantitative field such as Mathematics or Statistics. Two (2) or more years of related actuarial experience in the insurance industry. Pursuing an actuarial designation and has successfully completed at least three (3) actuarial exams. Working knowledge of commonly-used actuarial concepts, techniques and procedures. General knowledge of insurance products, pricing, rates and industry trends. Good interpersonal skills for establishing and maintaining positive client and internal relationships. Strong analytical aptitude and critical thinking as demonstrated through academic experience and/or work assignments. Excellent verbal and written communication skills necessary to present technical information to clients, management and other functional areas. Strong organizational skill and ability to multi-task concurrent assignments while meeting deadlines with a quality product. Proficient skills in Excel, Access and computer programming like SAS, SQL, etc. Victor O. Schinnerer & Company (http://www.schinnerer.com/), a subsidiary of Marsh, is the world's oldest and largest underwriting manager of professional liability, specialty insurance, and risk management programs. Our expertise lies in evaluating risks, implementing program marketing, developing and executing risk management activities, and servicing accounts on behalf of our insurance company partners. We then distribute these products through our distribution network of licensed brokers. Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity . Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.