Farmers Insurance Actuary Associate ACAS or FCAS in Independence, Ohio
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Join a team of diverse professionals at Farmers to acquire skills on the job and apply your learned knowledge to future roles at Farmers. Farmers Insurance also offers extensive training opportunities through the award winning University of Farmers named by Training magazine amongst top 10 corporate training units in the world.
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This position can either be an ACAS or FCAS depending upon candidate qualifications.
Analyzes and recommends revisions in rates and rating plans for assigned lines of insurance; performs actuarial analysis and research concerning present and proposed rating plans, proposed or recently enacted legislation and the pricing of new products.
Essential Job Functions
Analyzes and recommends revisions in rates and rating plans for assigned lines of insurance. Performs actuarial analysis and research concerning present and proposed rating plans, proposed or recently enacted legislation affecting the actuarial function, and the pricing of new products. Performs actuarial analysis required to support rate filings with regulatory authorities. Represents Actuarial Department through participation in inter- departmental meetings, and discussions with other Home Office departments and regional personnel. Assists in the training and development of professional actuarial personnel as assigned. Performs special actuarial assignments requiring professional expertise. Performs actuarial analysis of loss and loss adjustment expense reserves; and performs and analyzes the testing of alternative methodologies needed to reflect changes in operational procedures, legislation and current claims cost trends. Performs other functions as assigned.
Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10 lbs. maximum. Functional ability of seeing, hearing and speaking is required.
Required job duties are normally performed in a climate controlled office environment with occasional travel by car or airplane.
Fellow of the Casualty Actuarial Society (FCAS) *ORAssociate of the Casualty Actuarial Society.
Five years Actuarial experience, prior supervisory/managerial experience necessary.
Special Skill Requirement
Prior supervisory/managerial experience.
Farmers is an equal opportunity employer, committed to the strength of a diverse workforce.
Job: *Actuarial & Pricing Analytics
Title: Actuary Associate ACAS or FCAS
Requisition ID: 190008SY