The Boston-based Home Product team is seeking a self-motivated and creative Senior Actuarial Analyst. This is a unique hybrid role where the analyst will work under a credentialed product manager to leverage their analytical skills to help solve practical business problems.
Here is what you will do:
- Utilize core actuarial skillsets including ratemaking, reserving, CAT management and reinsurance while being embedded in the Product team
- Analyze complex internal and external data to understand drivers of trends and profitability
- Build predictive models of moderate complexity to improve pricing sophistication and roll out underwriting initiatives
- Provide support for state filings for rate and other new initiatives, including building and supporting the rate indications
- Communicate effectively with external regulators in writing and verbally, to support business outcomes
- Perform business analyses to identify, test, and inform critical business decisions
- Collaborate with IT, Claims, and Actuarial to get work done and collect helpful feedback that can be used to improve product retention and profitability
- Monitor the competitive, and regulatory environment for homeowners insurance, proactively identifying emerging threats to our objectives and implementing solutions
- Serve as a regulatory expert, providing a thorough understanding of our products and endorsements
Here is what you will bring to the table:
- You know insurance pricing works and how to get things approved by state regulators
- You know how to leverage predictive models and other quantitative concepts to improve pricing sophistication
- You know how to utilize quantitative approaches to generate sound business analyses
- You know how to gain alignment on your ideas through effective storytelling
- You know how to balance multiple projects at once, with a focus on accuracy and efficiency
- Experience developing and implementing new, creative and effective solutions to highly complex business issues
- Ability to communicate effectively to both technical and non-technical audiences
- Proficiency in Excel and data querying skills (SQL, R, or Python)
- Commitment to achieving membership in the Casualty Actuarial Society. Passing grades on at least 4 actuarial exams preferred.
- 2+ years in personal lines product management, actuarial, or other analytical role
- Bachelors or higher-level degree preferred
This is a ranged posting, the analyst level will be determined based on your background and experience.
Why work for us:
- 4 weeks accrued paid time off + 9 paid national holidays per year
- Tuition Reimbursement
- Low cost and excellent coverage health insurance options (medical, dental, vision)
- Gym membership reimbursement
- Robust health and wellness program and fitness reimbursements
- Auto and home insurance discounts
- Matching gift opportunities
- Annual 401(k) Employer Contribution (up to 7.5% of your base salary)
- Various Paid Family leave options including Paid Parental Leave
- $3,000 one-time bonus payment on health insurance waiver
About the Company
The Plymouth Rock Company and its affiliated group of companies write and manage over $1.8 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 2,000 people and is headquartered in Boston, Massachusetts. Plymouth Rock Assurance Corporation holds an A.M. Best rating of “A-/Excellent”.
