Sr Actuarial Analyst

Sr Actuarial Analyst page is loaded## Sr Actuarial Analyst locations:
US - Remote time type:
Full time posted on:
Posted 6 Days Agojob requisition :
R1140

Compensation Grade: 33#

Job Description At SAIF, actuaries are more than our numbers people.
Their work is the thread that binds together our enterprise-wide projects, strategies, and mission. Heavily relied-upon for their creativity and expertise, this team has the autonomy to work directly with business partners to help establish rates, maintain adequate reserves, produce forecasts, and ensure long term stability.
As our new senior actuarial analyst, you'll play a vital role in SAIF's mission to serve Oregon's workers and employers by making workers' compensation coverage widely available and affordable, and by providing extraordinary service. We're looking for a highly motivated self-starter with actuarial experience, but just as importantly, we're seeking a collaborative teammate, strategic communicator, seeker of challenges and opportunities, and champion of analytics.
Your work won't be done in isolation. You will work closely with a seasoned team of actuaries and analysts in a fast-paced, high pressure environment and collaborate regularly with partners across the company. You will work directly with senior executives and influence critical work for our customers, board members, regulators, and other stakeholders. The impact and visibility of your work could reach the four corners of the state and beyond.
We are hiring for two positions: one senior actuarial analyst and one associate actuary. Candidates interested in either position should apply to this opening. The responsibilities and qualifications outlined in this posting are for a associate actuary; however, we considering candidates with less experience to fill our senior actuarial analyst role.

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* Note:

** This position is open to remote candidates, however, due to some state restrictions there are some locations that SAIF is not able to hire remote candidates. Remote workers may be required to travel to SAIF's offices in Salem, Oregon, in rare circumstances.
** Responsibilities:
*** Development of reasonable loss and loss adjustment expense reserves.
* Preparation of various inputs to the annual and quarter financial statements and related filings and participation in regulatory audits.
* Development and filing of sound rate recommendations, maintenance of SAIF’s pricing and rate adequacy monitoring tools, conducting trend and market analysis research, and providing support to Underwriting on individual account pricing and the development of technical underwriting guidelines.
* Updates to and maintenance of SAIF’s financial forecasts, dividend models, capital models, and surplus analyses. Completion of supporting documentation and communication including the Own Risk Solvency Assessment (ORSA).
* Support for SAIF’s reinsurance program and monitoring of reinsurance coverage including claim reporting, commutations, and financial reporting.
* NCCI financial data call process, including calculating any data anomalies and communicating with NCCI to explain SAIF’s data and answer questions.
* Conduct research and analysis that contributes to recommendations that inform strategic priorities related to actuarial analysis and planning.
* Participate in the design and execution of data analysis, and support to various external and internal customers, including auditors, reinsurers, and reinsurance brokers, SAIF’s appointed actuary and staff, and SAIF’s executive leadership team and board of directors.
* Monitor external information sources for developments that may affect SAIF’s operations and strategies, including such areas as regional business conditions, competitors, demographics, legal or regulatory changes, and medical costs, utilization, treatment patterns and practices, medical outcomes, and healthcare policy. Assess potential impacts and assist with the preparation of recommendations to inform management response.
* Stay abreast of trends and innovations in the casualty actuarial profession related to pricing, reserving, workers’ compensation, and related areas.
* Serve as a consultant and resource…