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Senior Actuarial Analyst - Remote

Company: HGI Homesite Group Incorporated
Location: Boston
Posted on: May 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:$76,900

Compensation Maximum:$140,900

Job 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

A credentialed Actuary that contributes to the development and significant revisions to ratemaking methodologies, loss and LAE forecast models. Develops and implements statistical models and conducts other advanced actuarial analysis.

Job Level Summary
Recognized as an expert within the company and requires in-depth and/or breadth of expertise in own job discipline and broad knowledge of other job disciplines within the organization function.
Solves unique problems that have a broad impact on the business.
Contributes to the development of organization functional strategy.
Progression to this level is typically restricted on the basis of business requirements.

Primary Accountabilities
Provide actuarial expertise and consultation on product development.
Leads development of pricing for new products and rating structures.
Explores new concepts, statistical models, and data sources to deliver innovative solutions for the business.
Responsible for developing classification ratemaking methodologies and models for the line of business.
Provides recommendations and significant revisions to ratemaking methodologies.
Provides expertise for all aspects of indication development and owns the recurring process.
Responsible for rate of return analysis.
Provide insights and develops recommendations to contribute to pricing strategies and P&G planning.
Facilitate the rate review process for the line of business.
Develops relationship with core business partners and provide proactive insights and solutions to address specific business concerns.
Monitors industry and competitor trends to determine potential impact to actuarial strategies and solutions.
Determines the P&C loss and LAE reserve needs.
Responsible for putting together Annual Statement exhibits related to loss and LAE expenses.
Performs the annual determination of the factor reserves.
Provides loss reserving expertise to internal business partners.

When 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 and contingent workers are not eligible for American Family Enterprise benefits.

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

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