Actuarial Assistant – Pricing
Overview of Position
The Actuarial Assistant supports pricing activities by assisting with data preparation, reporting, and basic actuarial analyses under direct supervision. This entry‑level role focuses on learning actuarial processes, systems, and insurance fundamentals while contributing to accurate and timely pricing deliverables. The Actuarial Assistant follows established procedures, applies standard techniques, and develops technical and business knowledge through hands‑on experience and training.
Key Responsibilities
- Assist with rate making analysis by gathering data, running existing models or tools, and preparing preliminary results for review.
- Support recurring pricing reports and exhibits by following documented specifications and leveraging prior versions as references.
- Locate, extract, and reconcile data from internal systems; investigate basic discrepancies and escalate questions to the supervisor.
- Compile information and documentation to support internal requests, audits, or regulatory inquiries as directed.
- Update existing documentation, workpapers, and memos to reflect current data, assumptions, or methodology under guidance.
- Learn pricing assumptions, product structures, and rating variables for supported products and lines of business.
- Follow established controls, standards, and review processes to ensure accuracy and completeness of work.
- Manage assigned tasks and deadlines effectively; communicate progress, questions, or issues to the supervisor in a timely manner.
- Participate in training, cross‑training, and knowledge‑sharing activities to build actuarial, technical, and business skills.
Required Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics, or a related quantitative field.
- Strong analytical, organizational, and problem‑solving skills.
- Ability to follow detailed instructions and apply standard processes consistently.
- Effective written and verbal communication skills in English.
- Proficiency with Microsoft Excel and other MS Office applications.
Preferred Skills and Attributes
- Coursework or internships related to actuarial science, insurance, statistics, or data analysis.
- Familiarity with basic insurance or pricing concepts (academic or practical).
- Exposure to data tools or programming languages such as SQL, SAS, R, or Python (not required).
- Willingness to learn new systems, processes, and technical skills.
- Attention to detail and a professional approach to collaboration and feedback.