Job Description
Job Type
Full-time
Description Western National Insurance Group is a private mutual insurance company with over 120 years of experience serving customers' property-and-casualty insurance needs in the Midwestern, Northwestern, and Southwestern United States. Known as “The Relationship Company,” we define success as a measure of the relationships we’ve built over time. In everything that we do, we know that delivering a friendly and helpful interaction makes for a better experience for everyone involved. That’s the power of “nice”. At Western National, nice is something we work to bring to every person and organization with whom we partner and serve.
Does this opportunity interest you? Western National is seeking an Actuarial Analyst I to join our team!
The individual in this role will have the opportunity to develop, analyze, and implement innovative rating programs and product enhancements to achieve company profitability objectives, as directed.
What are the responsibilities and opportunities of this role?- Researches and monitors competitor products and prices and recommends innovative pricing and product enhancements.
- Provides technical input for corporate projects.
- Analyzes the financial impact of new state regulations on pricing and profitability as appropriate.
- Builds the technical knowledge needed in rate and coverage analysis of assigned lines of business.
- Assists in the development, submission, and management of rate and rule filings.
- Assists in reviews and analysis of data to develop rates, rating plans, and pricing, including forecasting profitability levels and overall performance for multiple products in all states.
- Applies actuarial tools for product pricing. Analyzes existing policy data to identify trends and relationships and reports results and recommendations to management.
- Recommends rate changes / refinements as appropriate.
- Demonstrates sound decision-making based on clear instructions and standardized procedures, requiring minimal interpretation.
- Uses defined resources to find acceptable solutions.
- Aptitude for understanding the relationships between problem components.
- Consistently acts according to our customer experience standards, including responding quickly, maintaining a positive attitude, building rapport, demonstrating empathy, managing the customer’s expectations, using the proper communication channel for the situation, and taking ownership to ensure the customer’s issue is resolved.
Requirements What are the must-have qualifications for a candidate?- Basic understanding of insurance products.
- Basic understanding of actuarial principles used in pricing analysis.
- Strong attention to detail and accuracy.
- Ability to prioritize projects and meet deadlines.
- Ability to work independently and as an effective part of a team.
- Ability to use good judgment and find innovative solutions to complex problems.
- Bachelor’s degree required, related degree in actuarial science, mathematics, or statistics preferred.
- Proficient use of various core systems, office and computer equipment, and software packages.
What will our ideal candidate have?- Experience with advanced Microsoft Excel techniques.
- Prior property-and-casualty insurance experience.
- One to three Casualty Actuary Society (CAS) exams passed.
Compensation Overview The full hiring range for this role is $72,700 - $99,990, annually. However, the base pay offered may vary depending on the job-related knowledge, skills, credentials, and experience of each candidate, as well as other factors such as the scope and location of the role. Candidates looking for compensation outside of the posted range are encouraged to apply and will be considered based on their individual qualifications and / or may be considered for other positions.
Western National Insurance Group reserves the right to fill this position at a level above or below the level included in this posting.
Culture and Total Rewards Western National has long been known as “The Relationship Company” and caring for our employees is part of that relationship commitment. We value connectiveness, empowerment, and accountability, and we believe that our employees are our biggest asset.
Currently ranked as the 41st largest private company by revenue in Minnesota (Minneapolis/St. Paul Business Journal), Western National has earned accolades year-over-year as an employer of choice and garnered multiple awards for wellness in the workplace. Western National has also been named a Top Workplace by the Star Tribune for consecutive years. In addition, the Group is consistently recognized as a Ward’s 50 property-and-casualty insurance company for its outstanding financial results.
Western National offers full-time employees a significant Total Rewards Package, including:
- Medical insurance plan options and other standard employee benefits, including dental insurance, vision benefits, life insurance, disability insurance, and more!
- Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA)
- 401(k) Plan (participants are eligible for 100% matching on the first 6% of their contributions)
- Wellbeing Program, including onsite fitness studio
- Paid Time Off – including holiday, vacation, and volunteer
- 100% company-paid tuition reimbursement for approved job-relevant coursework and access to The Institutes (Risk and insurance education)
- Paid parental leave
- Bonus opportunities
Western National believes in supporting balance between work and life by providing a flexible work environment, which includes a variety of hybrid and remote work arrangements designed to balance individual, job, department, and company needs.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
Western National provides employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. #IND123 Salary Description
$72,700 - $99,990
Job Tags
Full time, Work at office, Local area, Remote work, Work visa, Flexible hours,