Senior Actuary - 'best Place To Work' In The Norcal Bay Area!
PMI Group Inc (Oakland/East Bay, California)

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The Senior Actuary provides analytical and developmental support to management in Actuarial Services and other departments in the areas of loss reserving, forecasting, statutory reporting and rate filing. The incumbent reports to the Director of Actuarial Services and performs a variety of complicated tasks that require in depth knowledge and experience in Actuarial Sciences.

 

ESSENTIAL RESPONSIBILITIES AND ACCOUNTABILITIES

Supports Loss Reserving and Statutory Reporting Functions. Evaluates alternative reserving methodologies. Performs reserve analyses for multiple business segments by various cuts. Reviews assumed and ceded loss reserves. Creates monthly reserve reports for management and support quarterly statutory reporting. Evaluates reinsurance contracts and experience. Analyzes and quantifies actuarial Information utilizes company databases, financial and marketing reports, and external data. Develops information for financial statements. Develops appropriate statistical tests for loss and premium data. Develops experience reports and data. Distributes information both internally and externally as needed. Assists in the design, development and updates of new data reporting systems. Analyzes the impact of insurance law and mortgage industry changes. Develops checking procedures to determine data accuracy. 11.Oversee completion of actuarial responsibilities related to new projects. Provides direction and training to lower level Actuarial and Technical personnel on Loss Reserving, Rate Filing, and Ratemaking. Develops and maintains reserving computer files, accurate records of rate histories, reserving assumptions and other related information.

 

JOB SPECIFICATIONS

In depth knowledge of the practices and procedures of actuarial science. Strong mathematical skills, highly proficient in probability and statistical analysis. Strong interpersonal and communication skills to deal effectively with internal and external contacts. Effective organization with the ability to create, implement and monitor projects of varying difficulty.

 

Education & Experience:
Required knowledge and skills would typically be acquired through a Bachelor's degree with completion of 5 to 8 Actuarial exams and a minimum of 5-7 years job-related experience.

 

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