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Actuarial Analyst

Company: HGI Homesite Group Incorporated
Location: Boston
Posted on: January 16, 2022

Job Description:

Homesite Insurance was founded in 1997 and was one of the first companies to enable customers to purchase home insurance directly online, during a single visit. Since then, we've continued to innovate rapidly to meet the needs of our customers and their changing expectations.One thing that's stayed the same since our founding: our commitment to our customers, partners and employees.Join us on our journey as we continue to grow into a powerful contender in the field of insurance.Compensation may vary based on the job level and your geographic work location.Compensation Minimum:$66,000Compensation Maximum:$122,000Job Family Summary

Provides analysis for the full range of actuarial activities related to either insurance pricing or ratemaking for a line of business (LOB), loss reserving, modeling, or reinsurance. Builds models and projections to enable the business to generate consistent and sound prices Builds forecasts and models for incurred losses and loss adjustment expense (LAE), CAT and investment risks, and reinsurance for the annual Profit & Growth plan. Most roles require actuarial background and/or pursuing the accredited Actuarial designation.

Job Summary

Performs basic actuarial analysis for either ratemaking assumptions and rating plan development, incurred losses and LAE, and reinsurance through statistical analysis tools.Job Level Summary

  • Requires working knowledge and experience in own job discipline and broadens capabilities
  • Continues to build knowledge of the company, processes and customers
  • Performs a range of assignments related to job discipline
  • Uses prescribed guidelines or policies in analyzing situations
  • Receives a moderate level of guidance and direction Primary Accountabilities
    • Provide technical background in support of rate filings with State Insurance departments; responds to and resolves regulatory questions.
    • Facilitate the rate review process and contributes to the pricing meetings to support the pricing strategy.--
    • Provides insights and solutions to address specific business concerns.
    • Responsible for state rate level indication development, including trending and adjusting premiums, losses and expenses.
    • Supports competitive and market analysis.
    • Develops and books the property and casualty loss and loss adjustment expense reserve needs on a quarterly basis.--
    • Assists in performing the annual losses incurred forecast.----
    • Assists the maintenance of the losses incurred forecasting system and reports.--
    • Measures and evaluates deviations of underwriting results from the annual Profit Plan on a quarterly basis.--
    • Assists in the performance of actuarial modeling to quantify the impact of risks.#LI-Remote#LI-EL3When you work at Homesite you can expect benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, and a paid-time off program. In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns at Homesite are eligible for the paid time off program. Contingent workers are not eligible for American Family Enterprise benefits.Stay connected: Join Our Enterprise Talent Community!

Keywords: HGI Homesite Group Incorporated, Boston , Actuarial Analyst, Professions , Boston, Massachusetts

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