Pricing Actuary Job at Producers National Corporation, Chicago, IL

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  • Producers National Corporation
  • Chicago, IL

Job Description

We are currently seeking a Pricing Actuary with GLM/Machine learning experience to join our growing team. Joining PNC is an excellent opportunity to enhance your skills and further your career with a growing and successful organization. The role would offer opportunities within a small team to broaden your skills in other areas.

Responsibilities:

  • Assist in building and maintaining GLM/ML models of the company’s programs in WTW Radar software
  • Maintain and monitor the company’s rating models to help identify rating structure improvements
  • Work with Actuarial, Product and Underwriting to review rating structures on new and existing programs
  • Conduct regular rate analyses and support product and underwriting with rate indications
  • Assist with rate filing support and communication with state departments
  • Collaborate with management and other departments on ad hoc pricing and actuarial requests

Ideal candidates would include, but not limited to:

  • An individual who is seeking to further their career by growing into this role
  • An individual with tremendous attention to detail, comfortable working in a fast-paced, multi-tasking environment
  • Practical experience of GLM/ML modelling in Emblem/Radar
  • Experience of auto insurance
  • Experience creating actuarial rate indications to support filings
  • Team player who works diligently towards the goals of the organization

Qualifications:

  • Experience using WTW Radar software
  • Bachelor’s Degree in Mathematics, Statistics, Actuarial Science or related discipline
  • 3 years of actuarial/modelling experience
  • Strong knowledge of data analysis and forecasting methods
  • Proficient in the use of MS Office and SQL
  • Ability to answer qualitative questions quantitatively
  • Excellent interpersonal and communications skills; ability to communicate complex and challenging topics to colleagues and stakeholders in simple, easy-to-understand language
  • Strong analytical, creative problem-solving, and research skills

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