Actuarial Analyst

Division and Location

Division or Field Office:
Actuarial Division
Department of Position:
Pricing Department

Work Location:

Corporate Office, Erie, PA
Salary Range: $54,176.00 - $86,542.00
Position may be eligible for an annual bonus payment.

The Hiring Manager will also consider candidates for Actuarial Analyst II. Level of position offered will be based upon the depth and breadth of selected candidate's experience and qualifications.

• Conducts basic actuarial analysis. Collects and analyzes data in support of ERIE’s property/casualty product pricing, enterprise risk management, loss reserving, data science, and/or predictive modeling disciplines.
• Conducts basic rate reviews, prepares rate studies, and provides pricing recommendations. With guidance, acts as a project coordinator for the rate review process. Coordinates rate review project teams composed of product development, underwriting, claims and sales personnel. Prepares materials to support state insurance department rate filings, manual pages, and system rate tables.
• Conducts basic loss reserving reviews and claims-related studies. Provides reserving recommendations. Prepares materials to support financial reports, leadership communications, and statements of actuarial opinion.
• Performs basic risk assessments and builds enterprise risk reports. Maintains sophisticated capital and catastrophe models, and otherwise supports ERIE’s enterprise risk management program. Supports reinsurance decision making with basic analysis.
• Provides basic data insights and builds predictive models for pricing, claim management, marketing, underwriting, product, and other enterprise initiatives. Assists with solutions for business problems using a data-driven focus and data science techniques. Uses statistical tools to perform basic analysis and summarize findings.
• Works closely with experienced departmental staff and learns actuarial techniques, data sources and computer programs as required. Creates exhibits, reports, maps and charts for actuarial studies and regulatory requests. Analyzes ERIE's financial data and industry statistical information and prepares periodic updates for management, using appropriate presentation format. Completes special projects as required.
• Develops and maintains procedures to improve work flow and productivity.
• Present studies, findings, risks, and recommendations to management and communicates with other departments as required.
• Develops and applies a basic knowledge of actuarial procedures used by ERIE, competitors, rate bureaus, rating agencies, and regulators.
• Visits field offices and/or Agent meetings as required to present actuarial information.

• Values Diversity
• Nimble Learning
• Self-Development
• Collaborates
• Information Management Skills
• Customer Focus
• Cultivates Innovation
• Job-Specific Knowledge
• Instills Trust
• Optimizes Work Processes
• Decision Quality
• Ensures Accountability

• Bachelor's degree in mathematics or a related field required.
• Successful completion of one actuarial exam and demonstrated exam progress required.
• Basic knowledge of spreadsheet, database and related software required.
• Some previous programming experience preferred.

• Lifting/Moving 0-20 lbs;
  Occasional (