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Actuarial Assistant job in Harrisburg

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Harrisburg, Pennsylvania - PA Penn National Insurance

Job Ref:  300000207611453
Employer:  Penn National Insurance
Sector:  P&C/General Insurance/Non-Life
Qualifications:  Part Qualified Actuary
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  United States
State/Province/County:  Pennsylvania - PA
City:  Harrisburg
Post Code:  17101
Map: 

Description

Job Description

Penn National Insurance has an amazing opportunity for an Actuarial Assistant to join our world-class Actuary Team! This is a full-time, hybrid position reporting to our home office in Harrisburg, PA.

The Actuarial Assistant supports the Actuary or Senior Actuary in preparing actuarial rate or reserve reviews. This position is part of the actuarial career progression, filled by someone working towards a professional actuarial designation.

Generally performs work independently with the broad direction of the Actuary, Senior Actuary, or Vice President of Actuarial.

COMPETENCIES AND ESSENTIAL DUTIES OF THE ACTUARIAL ASSISTANT

Business Acumen
  • Utilizes actuarial methodology and assumptions,
  • Completes detailed pricing analysis, e.g. homeowners amount of insurance and class relativities.
  • Acts as the Actuarial Department's expert on the construction and use of the Enterprise Data Warehouse.


Embraces Data Analytics
  • Applies data to solve common business problems,
  • Compiles, manipulates, and analyses data of varying complexity.


Negotiation
  • Communicates results of analysis to the Actuary, Senior Actuary, or VP of Actuarial.
  • Communicates with company Underwriting Operations staff and Claims Division staff about data analysis.


Results Oriented
  • Stays abreast of emerging topics in actuarial-related insurance issues.


Time & Priority Management
  • Prepares rate filing materials, including appropriate supporting exhibits and documentation.
  • Monitors the activity of rate bureaus and regulatory agencies.


Decision Making
  • Develops rate or reserve analysis
  • Develops computer application systems for analysis, manipulation, and reporting of actuarial data.
  • Prepares profitability studies by reporting segment including size of policy, industry segment, and agent.


Performs various projects requested or assigned by the Vice President Actuarial

CORPORATE CORE COMPETENCIES OF THE ACTUARIAL ASSISTANT

Effectively Communicates and Connects
  • Communicates and negotiates effectively with peers regarding work outcomes.
  • Influences by making a strong case, bringing other people on the team to understand the presented viewpoint.
  • Provides feedback and is clear when disagreeing with an approach; offers suggestions for improvement.
  • Attentively listens and asks clarifying questions and paraphrases to enhance understanding.
  • Builds and nurture positive relationships within the workplace.


Customer Focused
  • Identifies explicit and implied customer needs.
  • Asks probing questions to fully understand business requirements.
  • Develops positive relationships with customers by meeting their needs as well as incorporating their feedback.
  • Responds quickly and takes action with high quality solutions that address needs and improve overall customer experience.
  • Owns resolution of customer experience outcome.


Talent Development Mindset
  • Discusses technical and professional development with peers to gain suggestions for further development.
  • Actively seeks and acts on opportunities to recognize peers for high performance.
  • Stays alert to identify learning opportunities for self.


Demonstrates Adaptability
  • Contributes to progressive thinking within the team by posing questions that challenge traditional methods or processes.
  • Proposes ideas and suggests new approaches to tackling own work tasks and issues in a better way to drive organization success.
  • Participates in and actively supports change initiatives and provide ideas to promote their success.
  • Recognizes and manages an ambiguous work environment.
  • Demonstrates flexibility in generating alternative solutions and recommendations.


Demonstrates Accountability
  • Applies judgment in making decisions about own work and takes responsibility for actions.
  • Demonstrates reliability by producing steady work results and delivering on commitments to team members on time.
  • Takes responsibility for regularly seeking and applying feedback and actively learning from errors and setbacks.
  • Understands the mission of the organization.


SPECIAL RELATIONSHIPS FOR THE ACTUARIAL ASSISTANT
  • Interacts with other departments in the organization including accounting, underwriting and claims.


QUALIFICATIONS FOR THE ACTUARIAL ASSISTANT

Education/Credentials
  • Bachelor of Science degree in mathematics, actuarial science or similar curriculum providing rigorous analytical training.
  • Two or more exams of the Casualty Actuarial Society preferred.


Experience
  • Minimum of 2 years of general Actuarial experience or 1 year of Actuarial experience and the successful completion of two exams of the Casualty Actuarial Society.
  • Prior experience to include ratemaking or reserving experience preferred.


Technical/Professional Knowledge
  • Requires statistical and math skills necessary for completion of actuarial exams.
  • Requires the ability to think critically and exercise independent judgment in the analysis of data.
  • Requires a basic understanding of actuarial pricing and reserving techniques for various lines of business.
  • Knowledge of the fundamentals of property and casualty insurance.
  • Uses skills obtained through the completion of actuarial exams to analyze data and information.
  • Familiarity with personal computer spreadsheets and database programs.
  • Strong organizational skills.
  • Must possess good written and oral communication skills.


JOB REQUIREMENTS (as required by ADA - Americans with Disabilities Act)
  • This position is primarily a sedentary position that requires occasional standing and walking throughout the office environment.
  • Must be able to see and effectively use a computer monitor.
  • Must be able to operate a computer, keyboard and applicable printers and other general office equipment.
  • Must be able to access and enter information accurately using automated systems.
  • Must be able to hear and communicate via the telephone and/or monitoring devices to both internal and external clients.
  • Must be able to present information to individuals and groups.
  • Must be able to interpret and apply concepts that may or may not be based upon established guidelines.
  • Must be able to maintain acceptable attendance and adhere to scheduled work hours.


Only candidates from the following states will be considered for positions at Penn National Insurance: Alabama, Delaware, Iowa, Maryland, Minnesota, North Carolina, New Jersey, Pennsylvania, South Carolina, Tennessee, Virginia, Wisconsin.

About Us

Why Penn National Insurance

A career with Penn National Insurance offers a total rewards package that makes us a regional employer of choice. When you are part of the Penn National Insurance family, we want you to feel secure in:

Your Career: We offer a comprehensive benefit and compensation package including a generous 401k match, graded profit sharing, recognition programs, and incentive compensation. Additionally, Penn National Insurance company policy provides for remote access, flex-scheduling, and a dress-for-your-day dress code.

Your Employer: Penn National Insurance celebrated its 100th anniversary in 2019. With the one billion dollar direct written premium threshold in sight, the company is utilizing innovation solutions and analytic insights to grow its share of the small commercial and middle market business, as well as personal lines. Our proud tradition of adhering to a relationship-driven business model, and our ability to adapt to changes over time reinforce our reliability and strength.

Your Community: The Company and our employees donate more than half a million dollars annually to fund enrichment programing throughout the communities we serve. Our United Way campaign raised an additional three hundred fifty thousand last year. We are also taking real steps to decrease our environmental impact. We have added bicycle accommodations, enhanced energy efficiency, introduced water conservation measures, and implemented cool-roof technology.

Your Future: We create a rewarding career path and enable long-term retention by offering enhanced benefits around continuing education and professional development. The average employee tenure at Penn National Insurance is 14 years!

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, creed, affectional and sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. Consistent with the Americans with Disabilities Act (ADA) and EEOC guidance, it is the policy of Pennsylvania National Insurance to provide reasonable accommodations to qualified individuals with disabilities in all aspects of the employment process. If you require a reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to a HR Business Partner via telephone at 800-368-4764, or through email, HRBusinessPartner@pnat.com.
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