Actuarial Analyst

About the Role

Westfield Insurance is seeking an Actuarial Analyst to provide actuarial pricing support for Westfield’s US Specialty lines of business, including Excess Casualty, Specialty Property, Financial Lines, and Professional Lines.

Key Responsibilities

• Assist in conducting profitability and segmentation analyses to identify profitable growth opportunities and areas requiring remediation.
• Prepare monthly and quarterly reports on pricing and portfolio performance, monitoring key actuarial metrics including risk-adjusted rate change, actual vs. technical price, and mix of business.
• Assist in building and analyzing exposure profiles to assess portfolio composition and concentrations of risk.
• Support regular improvements to technical pricing models, including enhancements for unique structures and implementing more comprehensive data capture.
• Collaborate with underwriting teams to perform pricing / profitability evaluations for individual accounts.
• Partner with other functions to improve data quality and integration into pricing tools and analytical frameworks.
• Contribute to actuarial studies and research projects aimed at improving pricing sophistication, drawing on predictive modeling techniques.
• Assist in actuarial due diligence for new product launches and program opportunities, including development of pricing structures and regulatory support.
• Improve efficiency of data extraction and manipulation processes for routine projects.
• Communicate analytical insights to underwriting and business partners to inform decision-making and strategy.

Requirements & Tech Stack

• Advanced skills in Microsoft Excel
• Familiarity with coding in SQL, VBA, or R/Python
• Experience with statistical modeling and predictive analytics
• Ability to work with large datasets and ensure data integrity
• Strong written and verbal communication skills
• Ability to prioritize competing demands and requests to complete work within required time constraints
• Self-starter energized by independent learning and research

Qualifications

• Bachelor’s degree within Actuarial Science, Statistics, or similar technical field
• At least 2 Exams toward qualification by the Casualty Actuarial Society or equivalent professional body
• Actuarial or related internship experience at an insurance carrier, broker, or consultancy
• Understanding of actuarial concepts such as loss development and exposure rating