Actuarial Consultant

Company: Captive Resources
Location: Itasca
Posted on: May 28, 2023

Job Description:

The Actuarial Consultant will work as part of a team of professionals to independently analyze complex problems and develop workable solutions. Support pricing efforts for commercial lines and create plans, assess the environment and be able to make recommendations based on knowledge. EDUCATION AND EXPERIENCE: Bachelors degree in Actuarial Science, Mathematics, Statistics, or a business-related discipline with at least three (4) years of experience within the property & casualty industry if credentialed (ACAS or FCAS), or at least 8 years' experience if not credentialed. PREFERRED QUALIFICATIONS: Strong written and oral communication skills Superior problem solving and learning abilities Organized and capable of working on multiple projects R, Python or related program coding experience is preferred; an aptitude to learn other software packages as needed SKILLS/COMPETENCIES REQUIREMENTS: Ability to work efficiently and effectively in both independent and team settings Detail oriented and high level of accuracy Strong interpersonal and communication skills Advanced skills in Microsoft Excel Proficient in Microsoft Word and PowerPoint Strong analytical, problem solving and judgment skills Ability to manage a heavy work volume and meet deadlines in an extremely fast paced environment Strong organizational skills with an ability to prioritize and handle multiple tasks in a demanding work environment Strong mathematical skills, and a deep understanding of risk management Ability to translate actuarial research into written recommendations ESSENTIAL DUTIES AND REPONSIBILITIES : Compiling statistical data and other information for further analysis Estimating the probability and likely economic cost of uncertain events Designing, testing and administrating insurance policies and other business strategies to minimize risk and maximize profitability Explaining findings to clients, can do this using charts and tables Assist with loss reserving, pricing, and data analytics projects for a variety of commercial property and casualty lines of business Organize and analyze large volumes of data, ensuring integrity and accuracy Apply complex actuarial theories and principles to create statistical models Assist in the preparation of proposals and presentations for prospects Performs actuarial calculations moderately complex actuarial studies and develops rates for existing and/or new business Prepares or coordinates the preparation of standard reports as well as special reports for management Education Required Bachelors or betterJob Type: Full-time

Keywords: Captive Resources, Chicago , Actuarial Consultant, Professions , Itasca, Illinois