Job description

Are you interested in working for a company that’s been recognized as one of ‘America’s Best Insurance Companies’?

Mercury was recently named one of ‘America’s Best Employers’ by Forbes magazine for the third consecutive year. We have also been recognized seven times by Forbes as one of “America’s Most Trustworthy Companies.” At Mercury, people come first. We offer bonus potential, excellent benefits, matching 401(k), employee activities, and many more perks.

Overview of Benefits:

Choosing a career at Mercury Insurance has a number of great advantages including:

· Competitive salaries, annual incentive

· Full medical, dental, life, & vision care coverage

· 401(k) retirement savings plan with company match

· Great work environment

· Promotional opportunities

· Education assistance

· Auto insurance discount

· Employee assistance program

· Health club and wellness benefits

· Child & dependent care spending account

· Paid vacation (10 days, 1st year), sick days, & 9 paid holidays

Position Summary:

The primary job function is to be responsible for ratemaking, and possibly loss reserving, for specific products in specific states while supporting the work of the Senior Actuaries.

Essential Job Functions:

Works with Senior Actuaries and State Manager in developing rates that meet profit and growth objectives for assigned states and line of business. Pro-actively monitors results, rate adequacy, trends, competitiveness, mix distributions, etc. on a consistent basis. Responsible for producing quarterly indications and LR projections, working with manager to evaluate which depth is appropriate. Performs ad hoc analyses and deep dives into any key issues. Develops loss reserve estimates for internal and financial reporting use, if needed. Works with State Manager on Rate Levels, providing the indication, rate proposal, filing support and any other analysis or assistance needed. Works with Senior Actuaries, State Manager, and R&D on countrywide product version roll outs. Performs dislocation and sets base rates when necessary.

Retrieves and analyzes data available and identifies issues and opportunities in making sound ratemaking decisions from an actuarial standpoint. Leads small-scope project work and ad hoc analyses. Drives discussions with colleagues regarding analysis needs and reviews the results with colleagues and managers as necessary. Will be expected to manage projects of moderate complexity by applying general knowledge of the business area processes, including actuarial best practices. Produces and maintains regular monitoring reports as assigned. Participates in special projects, working with Senior Actuaries, State Manager, R&D and/or cross-functional partners. Exercises due diligence in reconciling data and ensuring accuracy of work, including good documentation practices.

Communicates effectively and efficiently with regard to indications, projections, trends, and other reports as required by senior management in monitoring company goals and objectives. Communicates ideas and experiences to actuaries. Mentors junior analysts.

Provides assistance and contributes to product and pricing improvements and development of next generation insurance products. Recommends ideas to improve product offerings, process improvements, and/or goal changes.

Other functions may be assigned.

Education:

• Bachelor’s Degree required, preferably with a major in either math, actuarial science, finance, economics, or other quantitative fields.

• Completion of at minimum 4 actuarial exams

Experience:

• 3+ years of actuarial experience, at least 1 year of P&C industry experience preferred

• Or equivalent combination of education/experience

Knowledge and Skills:

• Knowledge of various ratemaking techniques

• Knowledge of loss reserving techniques

• Knowledge of SAS and/or other statistical softwares

• Knowledge of SQL and/or other programming languages

• Strong data skills and ability to work with large datasets

• Proficient knowledge of MS applications (Excel, Word, Outlook)

• Good problem solving skills

• Good analytical and critical thinking skills

• Strong attention to detail and design elements

• Intermediate-level understanding of insurance products and the competitive marketplace for assigned lines of business

• Excellent written and verbal communication skills to effectively and professionally communicate at all levels internally and externally

• Ability to manage projects of moderate complexity

• Able to adhere to the regular work schedule

• Able to interact cordially with other team members to accomplish common tasks

Job Type: Full-time

Pay: $72,090.00 - $133,139.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible schedule
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Professional development assistance
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift

Supplemental pay types:

• Bonus pay

COVID-19 considerations:
With Mercury's My Workplace, most team members will be able to work from home. In this case, your home can be anywhere in the 50 U.S states or District of Columbia

Application Question(s):

• Do you now or will you at any time in the future require Mercury Insurance to sponsor a Visa in the United States?
• What are your salary expectations?
• How many actuarial exams have you passed?

Education:

• Bachelor's (Required)

Experience:

• actuarial: 3 years (Required)

Work Location: Remote

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