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Actuarial Analyst

Company: Citizens Property Insurance Corporation

Location: Tallahassee, FL

Description:
POSITION SUMMARY: This position provides support for performing actuarial analysis of Citizens loss reserves. It also provides support for Citizens’ rates, rating procedures and rating plans. The Actuarial Analyst may provide technical assistance regarding actuarial matters to staff in other functional areas and work closely with actuarial consultants. ESSENTIAL FUNCTIONS: THE FOLLOWING ARE THE USUAL, BASIC AND ESSENTIAL FUNCTIONS OF THE POSITION. THESE FUNCTIONS ARE NOT TO BE CONSTRUED AS AN EXHAUSTIVE LIST OF ALL RESPONSIBILITIES, DUTIES, AND SKILLS REQUIRED. • Act as liaison between Accounting and Actuarial Services. Responsible for ensuring that accounting data and procedures are consistent with actuarial services’ data and procedures. Identify and implement improvements to the process. This requires working closely with Accounting. Requires knowledge of accounting practices. • Act as liaison between Claims and Actuarial Services. Responsible for monitoring and incorporating any change in claims practices into the bulk reserves. Identify and implement improvements to the process. This requires working closely with the Claims department. Requires knowledge of claims practices. • Provide detailed analysis and support to aid Senior Management in the selection of the bulk loss reserves. • Audit the FHCF data. Recommend changes to product forms and / or to IT to ensure the appropriate data is collected. Work closely with the FHCF and the actuarial consultants associated with the fund. • Perform actuarial calculations to develop property and casualty rates that are sound and defensible. • Review property and casualty insurance rates and rate filings to determine compliance with state insurance laws. • Prepare rate filings for the Office of Insurance Regulation in compliance with filing requirements, including assistance in performing actuarial review and certification that filing is appropriate and consistent with applicable Florida statutes and rules. • Determine and define data needed from Citizens policy and claim systems for rate development and reserve analysis. • Determine and define data needed from catastrophe models for use in ratemaking and reserve analysis. • Prepare supporting materials to substantiate insurance rates. • Research and deploy new models and methods for developing rates and estimating claim payments. • Conduct research and draft responses on complaints and requests for information on various actuarial matters. • Research and assist in the preparation of material to support rates and / or the rating process REQUIRED EDUCATION AND EXPERIENCE: • Bachelor’s degree in actuarial science, mathematics, statistics or related subject. • Completion of at least two CAS (Casualty Actuarial Society) exam and actively pursuing ASAS. • Minimum of two years experience in property insurance with focus on detailed statistical analysis. • Prior intermediate level experience navigating the Internet and working with Excel, Access, Word, Outlook and SQL. REQUIRED KNOWLEDGE SKILL AND ABILITIES: • Strong analytical and math skills • Demonstrated solid oral and written communication skills • Ability to prioritize and handle multiple tasks in a demanding work environment. PREFERRED QUALIFICATIONS: • Understanding of property casualty insurance ratemaking and reserving principles • Knowledge of catastrophe models • Experience dealing with a regulatory body on property rate issues. PHYSICAL REQUIREMENTS: Occasional overnight travel required. Close vision to computer monitors and reasonable locomotion required. Ability to converse over the telephone. Citizens will make every reasonable effort to assist physically challenged applicants in their ability to perform job functions.

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	Relocation Preference:	Will not relocate Will accept paid relocation Will pay own relocation
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