Itasca, Illinois, United States · On-site
$70k–$75k/yr
The Actuarial Analyst will assist in setting rates for various insurance products. This may include extracting and analyzing premium and loss data, using applications and statistical programs, evaluating results for reas…
Skills: Microsoft Excel, SQL, Python, R, Risk Management
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The Actuarial Analyst is responsible for setting insurance rates by analyzing premium and loss data and evaluating industry trends. They also support product development and provide actionable insights to senior management to improve decision-making.
A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a business-related field is required. Candidates must possess advanced Excel skills and intermediate programming knowledge in SQL, Python, or R.
The Actuarial Analyst will assist in setting rates for various insurance products. This may include extracting and analyzing premium and loss data, using applications and statistical programs, evaluating results for reasonability, and communicating observations to help achieve goals. Assist in developing and enhancing products, designing reports to improve decision-making, forecasting and assessing industry trends and presenting findings and recommendations to senior management.
EDUCATION AND EXPERIENCE: Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or business-related discipline
ESSENTIAL DUTIES AND REPONSIBILITIES:
Edgewater Actuarial Insights, LLC. (“Edgewater”) is a newly formed independent actuarial and management consulting firm created to service the specialized actuarial needs of the captive insurance industry. Edgewater is a sister company of Captive Resources, LLC, the country’s leading consultant to group captive insurance companies. Edgewater offers a full range of actuarial services tailored to the needs of captive insurance companies, and in particular, group captives, including: • Pricing and Funding • Loss Reserve Analysis • Loss Forecasting • Retention Analysis/Alternatives • Surplus/Capital Adequacy Analysis Edgewater is a business partner to its captive clients, striving always to provide service so exceptional, it’s the reason to do business with us. Statement on Diversity, Equity, and Inclusion: At Edgewater, we believe that our colleagues deserve fairness, respect, inclusivity, and belonging. We encourage different perspectives, unique ways of thinking, fearless collaboration, and positive communication. Our differences have made us strong and successful, and we embrace diversity, equity, and inclusion. We celebrate our people every day because they are the heart of our company. Edgewater is proud to be an Equal Opportunity Employer. We prohibit discrimination in employment with respect to any term or condition of employment, including hiring, compensation, advancement, discipline, or termination for our applicants and colleagues.
Offices: Itasca, Illinois 60143, US
Edgewater Actuarial Insights, LLC. (“Edgewater”) is a newly formed independent actuarial and management consulting firm created to service the specialized actuarial needs of the captive insurance industry. Edgewater is a sister company of Captive Resources, LLC, the country’s leading consultant to group captive insurance companies. Edgewater offers a full range of actuarial services tailored to the needs of captive insurance companies, and in particular, group captives, including: • Pricing and Funding • Loss Reserve Analysis • Loss Forecasting • Retention Analysis/Alternatives • Surplus/Capital Adequacy Analysis Edgewater is a business partner to its captive clients, striving always to provide service so exceptional, it’s the reason to do business with us. Statement on Diversity, Equity, and Inclusion: At Edgewater, we believe that our colleagues deserve fairness, respect, inclusivity, and belonging. We encourage different perspectives, unique ways of thinking, fearless collaboration, and positive communication. Our differences have made us strong and successful, and we embrace diversity, equity, and inclusion. We celebrate our people every day because they are the heart of our company. Edgewater is proud to be an Equal Opportunity Employer. We prohibit discrimination in employment with respect to any term or condition of employment, including hiring, compensation, advancement, discipline, or termination for our applicants and colleagues.
Offices: Itasca, Illinois 60143, US
