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Corporate Job Title: Specialist, PC Actuarial Research Analytics
ADDENDUM: Currently seeking talented Actuarial Analyst for our expanding Nationwide Pet office in Brea, California! Gain experience working in the uncharted and ever-booming Pet Health Insurance industry, and have support for taking your remaining actuarial exams while you become an accredited actuary. Successful candidates should have experience working as an actuarial analyst and have passed at least one actuarial exam. Software skills should include experience working with SQL and SAS, and candidates should also come with an advanced working knowledge of the Microsoft Office suite, particularly including strength in Excel, Access and PowerPoint. Candidates with insurance experience in human health or employee benefits consulting are highly preferred as well.
JOB SUMMARY: Performs complex statistical analysis to determine pricing and market segmentation opportunities needed to create business strategies for pricing and underwriting. Works with supervision on complex multivariate statistical analyses (e.g. Generalized Linear Models ). Works independently with full accountability for multiple concurrent small to moderate sized projects. May also assist with larger or more complex projects in the planning, design, and/or analysis phases, based on abilities and expertise. Uses existing data warehouse and pricing databases or creates databases by sourcing additional data or combining multiple sources in order to complete the analysis.REPORTING RELATIONSHIPS: Reports to Manager or Director; responsible for management of research project management and/or statistical staff. No direct reports.DUTIES AND RESPONSIBILITIES:Research: Consults with business customers to identify scope and specifications for project requests. Researches competitive industry trends, methodologies, and data sources. Incorporates established best practices into research projects and final product.Planning: Creates project plans based on customer input, data availability and best practices. Establishes criteria, assumptions, data sets and parameters for robust and fully encapsulated analysis. Negotiates timelines, priority and format of final deliverables.Analysis: Performs analysis of complex multivariate data and business scenarios based on experience and established department methodologies. Provides portfolio and trends analysis, vintage analysis, comparative analysis of markets/territories, actuarial judgment/ quantitative risk management judgment, and any additional assessment as indicated by project plan or ongoing identification of issues. Evaluates deliverables for accuracy, quality and relevance based on statistical and actuarial expertise.Decision Making: Prepares written reports of findings for discussion and or presentation to business partner and department leadership. Interprets findings, provides options for consideration and recommendations for resolution of original issue/request.Consulting: Provides guidance, information and support for regulatory review of work product, as well as for Pricing and/or Product use of work product. Provide assistance for measuring the rate / profitability impact of work product.Design/Development: Assists in developing standard reporting packages for completed and approved projects from within the department. Monitors ongoing performance of assigned standard products.Other: Contributes expert/actuarial opinion on the structure of analysis, interpretation of findings, and usefulness of results. Remains a subject matter expert for the life-cycle of each project. Periodically evaluate, validate, and update models.Assists with core studies that require extended timelines, extensive data collection, leveraging associate knowledge, identifying root cause and associated influence. May be responsible for a segment of the work, or for integration of various project elements.Develops ad hoc queries via SQL, SAS, SPSS or other statistical software languages and applications for large data sources in support of department leadership, projects or business requests.Performs other related duties as assigned.MINIMUM JOB REQUIREMENTS:Experience: Minimum of four years related experience with SAS, SQL and other statistical software building models and manipulation data. Experience with problem solving in a business environment; working with large transactional databases. Works with insurance data other comparable industry data experience to identify trends and opportunities.Education: Undergraduate studies in mathematics, actuarial analysis, marketing research or related fields. Postgraduate degree strongly preferred.Knowledge: Advanced knowledge of PC based spreadsheets, data mining, statistical applications and data manipulation.Skills and Competencies: Proven excellence in problem solving, analytical, research and quantitative analysis, and analytical working techniques including: regression, decision trees, multivariate analysis, etc. Strong verbal and written communication skills for interaction with client, work teams, vendors and associates. Proficiency in developing ad hoc queries using SQL, SAS.Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.Staffing Exceptions: Staffing Exceptions to the above minimum job requirements must be approved by the: business unit leader, and HR partner.JOB CONDITIONS:Overtime Eligibility: Not Eligible (Exempt).Working Conditions: Normal office environment. Extended and non-standard work hours based on project and customer deliverables.ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.Job Evaluation Activity: Evaluated September 2009 JDCJob Family/Function: ACT/RSC
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