Actuary Analyst I at First Acceptance Corporation in Nashville, TN

Actuary Analyst I

The Actuarial Analyst I is an entry-level role that supports insurance product analysis, pricing work, financial forecasting, and actuarial reporting to help advance company goals for profitability and growth. Working under the guidance of senior actuarial staff, this role assists with analyzing product profitability, modeling risks, and identifying process improvements that enhance efficiency. The analyst will build technical and business skills while supporting work with internal teams and, as needed, external stakeholders, including auditors, consultants, and regulatory bodies, to help ensure compliance and accuracy in actuarial work.

RESPONSIBILITIES

• Supports the development of products, rates, rating plans, pricing strategies, and financial forecasts under the guidance of senior actuarial staff to help achieve company-wide objectives for profitability and growth.
• Assists in modeling and analyzing product profitability and associated risks.
• Assists in analyzing and presenting pricing findings; learns to test new approaches and improve the accuracy of projections.
• Assists with identifying and implementing process improvements to increase efficiency.
• Supports ad hoc analyses for the product team.
• Support claims analyses.
• Assists in analyzing trends, factors, and issues that impact results and supports the development of recommended action plans.
• Assists with forecasting business expenses.
• Assists in producing quarterly rate level indications and helps communicate changes in indications and the key drivers of those changes.
• Assists with reviewing loss development patterns and supports the selection process for each product.
• Supports coordination with the Product Department to prepare necessary documentation for state filings and assists with responses to Departments of Insurance, as required, including but not limited to RLIs (Rate level indications) and state-required exhibits (excess profit, excess expense, and actuarial certifications
• Supports collaboration with third-party consultants as necessary.
• Supports auditors with information requests as required.
• Applies actuarial and technical knowledge to support process improvements.
• Assists with all aspects of predictive modeling, including scope, data construction, modeling, and implementation.
• Assists with the quarterly reserve analysis.
• Assists with preparing monthly reserving reports.
• Assists with preparing monthly estimated loss ratio reports for the accounting team.
• Assists with preparing monthly estimated loss ratio reports for the accounting team.
• Assists the accounting team in producing annual statements.
• Reviews own work for accuracy and incorporates feedback from senior team members.
• Participates in training and development to build actuarial, technical, and business knowledge, including progress toward CAS exams.
• Other duties as assigned.

JOB REQUIREMENTS

• Requires a bachelor’s degree in mathematics, Actuarial Science, or a related field.
• No prior industry experience required; actuarial or insurance internship or co-op experience preferred.
• Exposure to programming languages preferred (VBA, R, SQL, Emblem, or similar platform).
• Working knowledge of Excel, Access, and/or equivalent software.
• Passage of 1 or more actuarial examinations (such as Exam P or FM) preferred.
• Ability to pursue ACAS/FCAS designation from the Casualty Actuarial Society.
• Strong analytical skills.
• Strong communication skills.
• Ability to work independently and in a team environment.
• Strong written and verbal communication skills.
• Excellent interpersonal and communication skills, including presentation skills.
• This position will be hybrid, with regular in-office time to support training and mentorship.

PHYSICAL DEMANDS:

The physical demands described here are representative of those required to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to perform manual tasks, including using hands to finger and handle controls. Tasks may also require the ability to talk or hear. The employee will frequently sit, bend, and reach with their hands and arms, and will occasionally be required to stand and walk. The employee may occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus. Other abilities include possessing the capacity to learn, concentrate, think, and read. Often, employees communicate and interact with others while working.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The listed requirements are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job-related instructions and perform any other job-related duties requested by anyone authorized to give instructions or assignments.