Job Information
MAPFRE Insurance Actuarial Analyst (Webster, MA) in Webster, Massachusetts
Actuarial Analyst (Webster, MA)
Date: Jun 13, 2024
Location:
Webster, MA, US
Company: MAPFRE
Job Summary
L o cation is in Webster, MA or within a commutable distance to accommodate an in office Hybrid schedule. Can be remote.
Position can be at a higher level commensurate with experience.*
- Actuarial Analyst on the rating team supports rate testing and premium validationfor selected property and casualty insurance products offered by MAPFRE USA. The purpose of the testing is to ensure that the insurance premiums quoted to existing and potential customers are accurate. The person in this role will leverage a blend of business and technical competency to carry out their daily tasks.
Responsibilities
Updating rates/factors/formulas to align with I.T. production changes
Running, modifying and creating SQL queries in the cloud
Debugging rating errors for individual customer policies as part of root cause analysis
Learning the details of premium calculations and working towards becoming a rating expert
Updating existing, repetitive work efforts and projects with an eye towards efficiency
Spotting obvious errors and anomalies when retrieving and manipulating data
Understanding and using appropriate insurance and actuarial terminology in the context of analysis and explanations
Providing weekly progress updates to manager and the Market Pricing Project Manager
Attending department trainings and allocating time to learning about actuarial concepts
Must have high level of attention to detail
Experience and Qualifications
Previous experience working in Actuarial, Product or Underwriting for an insurance company is preferred
1-2 year of experience or equivalent related knowledge
2-3 exams passed and pursuit of exams on the CAS syllabus required
Some knowledge of Excel and experience using a programming language
Education:
Bachelor's Degree or professional level of knowledge in a specialized field, or equivalent related experience. Math, Economics or Computer Science degree preferred
If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com .
We are proud to be an equal opportunity employer.
Nearest Major Market: Worcester
Job Segment: Accounting, Actuarial, Recruiting, Computer Science, Underwriter, Finance, Insurance, Human Resources, Technology
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