Actuarial Analyst

The Actuarial Analyst delivers pricing, reserving valuation, and financial reporting insights across insurance and consulting environments. This role applies statistical modeling, data analysis, and automation using SAS, SQL, Excel, and actuarial tools to support strategy and risk management. The professional also drives collaboration, clear communication, and process improvement through effective reporting and analytical solutions.

Key Responsibilities:

• Professional Development: Pursues self-development through feedback, shares information with coworkers and customers, and adapts to changes, difficulties, and performance feedback.
• Work Execution: Completes assignments by following procedures and policies, using data and resources, collaborating to solve business problems, and communicating progress within deadlines.
• Process Improvement: Identifies improvement opportunities and appropriately escalates issues or risks while supporting business operations and maintaining established priorities.
• Actuarial Reporting: Supports actuarial documentation through the preparation of financial report sections, tax return components, and responses to regulatory requirements.
• Product Analysis: Assists with the evaluation of product line financials, including valuation processes and cash flow analysis, to support business decisions.
• Actuarial Research: Conducts literature reviews on standards, assumptions, competition, and legal and regulatory environments to support actuarial insights.
• Risk Analysis: Assists in evaluating financial risks and opportunities by applying actuarial methods, collecting data, and supporting actuarial analyses.
• Stakeholder Communication: Supports collaboration with business partners by translating actuarial concepts into non-technical explanations and ensuring compliance with standards.
• Actuarial Modeling: Supports model development by learning actuarial models and applying alternative assumptions and forecasts using in-house tools or actuarial software.

Accountabilities:

• Profitability Analysis: Analyzes the profitability of the retail property portfolio to evaluate performance and support strategic decision-making.
• Pricing Strategy: Collaborates with underwriting to develop pricing strategies and identify opportunities for profitable growth across business segments.
• Business Monitoring: Monitors rate, exposure, retention, and new and lost business changes to track portfolio performance and emerging trends.
• Trend Analysis: Monitors loss trends and industry and regulatory changes and communicates insights effectively to management.
• Risk Optimization: Assists in developing business solutions to maximize risk-adjusted profit and improve overall portfolio outcomes.
• Tool Development: Develops analytical tools to support effective management of existing portfolios and enhance decision-making capabilities.
• Reserve Coordination: Collaborates with reserving actuaries to understand reserve development and communicates pricing and underwriting impacts on estimates.
• Strategy Development: Develops granular strategies to improve profitability and optimize performance across portfolio segments.
• Pricing Research: Assists in researching and developing best-practice pricing techniques for implementation across the business.

Functions:

• Pricing Analysis: Assists in pricing projects, including the development of loss costs, rates, and appropriate credits and debits for key account characteristics.
• Study Development: Performs special studies to improve pricing differentiation and enhance segmentation across business lines.
• Actuarial Reporting: Produces and maintains actuarial work products supporting financial and reporting requirements across the organization.
• Reserve Review: Assists in the quarterly IBNR reserve review process in coordination with independent actuarial consultants.
• Internal Reserving: Performs internal IBNR reserve reviews to evaluate adequacy and support actuarial assessments.
• Performance Insights: Enhances analytical approaches to gain deeper insights into the performance of key business segments.
• Data Analysis: Develops proficiency in querying large datasets using SAS, SQL, and internal databases for actuarial studies.
• Risk Modeling: Updates understanding of enterprise risk management models and applies industry best-practice methodologies.
• Data Strategy: Supports the development of data strategy and contributes to business and data transformation initiatives.
• Profitability Review: Conducts analyses into the risk and profitability of key business segments to inform decision-making.
• Market Research: Conducts studies on industry trends and key competitors to support strategic positioning and insights.

General Responsibilities:

• Benefit Calculation: Performs superannuation and other benefit calculations to support actuarial analysis and client requirements.
• Funding Valuation: Conducts defined benefit funding and solvency valuations to assess the financial position of funds.
• Solvency Monitoring: Monitors the solvency position of superannuation funds to ensure ongoing financial stability.
• Accounting Valuation: Prepares accounting valuations for sponsor companies to support financial reporting requirements.
• Investment Analysis: Monitors investments and provides recommendations to support fund performance and strategy.
• Benefit Design: Assists in advising on superannuation fund benefit design and costing to support client objectives.
• Insurance Review: Reviews insurance arrangements and analyzes insurance market conditions to support risk management decisions.
• Technology Development: Collaborates with technology teams to design and build retirement projectors and online calculators.
• Report Writing: Drafts reports, letters, and emails to communicate actuarial findings and recommendations.
• Global Coordination: Liaises with overseas colleagues on multinational client engagements to support project delivery.