Actuarial Analyst - Commercial Lines

Actuarial Analyst

We are seeking a detail-oriented and analytical Actuarial Analyst to join our actuarial team supporting multiple commercial lines of business, including General Liability, Workers' Compensation, Inland Marine, and Excess Casualty. This role is perfect for someone who thrives on executing rigorous insurance analysis, collaborating cross-functionally, and delivering precise, actionable insights that drive competitive advantage.

As an Actuarial Analyst, you will be the bridge between market intelligence, regulatory requirements, and data-driven product decisions. You will play a critical role in ensuring our products remain competitive while maintaining compliance across all jurisdictions where we operate.

Key Responsibilities

Data Analytics & Performance Monitoring (50%)

Write SQL queries to extract and analyze data related to premium volumes, loss ratios, exposure metrics, and rate change impacts from internal PostgreSQL databases

Develop and maintain spreadsheet-based models for competitive analysis and rate monitoring

Create interactive BI dashboards using Metabase or similar platforms to track key product performance metrics

Support data transformation processes using dbt for analytics and reporting workflows

Conduct analytical work including rating factor impact analysis, product performance summaries, and segmentation studies to support product design and optimization

Perform loss ratio analysis by line of business, territory, and risk characteristics to identify profitable segments and areas of concern

Support actuarial and underwriting teams with data extraction and analysis for pricing studies and rate filings

Competitive Intelligence & Market Analysis (50%)

Conduct comprehensive competitor analysis of rate and form filings across all commercial lines, utilizing SERFF, S&P Capital IQ Pro, and other regulatory databases to identify market trends and competitive positioning

Analyze filings, rate manuals, underwriting guidelines, and coverage forms from industry resources including ISO manuals and NCCI data to develop detailed benchmarks and strategic recommendations

Research and track competitor product launches, rate changes, and form modifications to inform product development and pricing strategies

Prepare competitive analysis reports with recommendations for product enhancements, rate adjustments, and market positioning

Research and draft comprehensive responses to rate-related objections, ensuring actuarial justification is provided

Required Qualifications

Experience & Education

2-5 years of experience in commercial insurance product analysis, actuarial, underwriting, or competitive analysis functions

Bachelor's degree in Mathematics, Statistics, Economics, Finance, or related analytical field

Demonstrated experience with commercial insurance products and insurance data analytics

Actuarial exams such as P, FM, MAS-I, MAS-II, 5 (preferred but not required)

Technical Skills

Advanced SQL proficiency for data extraction, manipulation, and analysis from PostgreSQL databases

SERFF system knowledge including navigation, filing preparation, and objection response processes

Advanced spreadsheet modeling skills for financial analysis and data manipulation

Experience with industry databases and tools including ISO manuals, NCCI data, and regulatory research platforms

Python experience for advanced analytics (preferred but not required)

Insurance Knowledge

Understanding of commercial insurance products including rating methodologies and underwriting guidelines

Knowledge of state insurance filings process

Understanding of ISO forms, NCCI guidelines, and industry standard practices

Understanding of actuarial concepts including loss development, rate adequacy, and predictive modeling principles

Core Competencies

Strong analytical and critical thinking skills with ability to translate data into insights and recommendations

Exceptional attention to detail and accuracy, especially for time-sensitive regulatory deliverables

Clear communication skills for both technical and non-technical audiences

Cross-functional collaboration experience working with actuarial, underwriting, compliance, and product management teams