Actuary Job at SIF, Idaho Workers' Compensation, Boise, ID

NWVONkkrczRkY1hLNUJyS2pSa21VWkMy
  • SIF, Idaho Workers' Compensation
  • Boise, ID

Job Description

Actuary

SIF (Idaho Workers’ Compensation) is a leader in Idaho workers’ compensation. Because we live and work locally, we recognize that our customers are the backbone of Idaho’s economy, and we are proud to offer services that protect their businesses and injured workers and support their financial strength. We empower our team to put people first, grow professionally, and have fun. At SIF, we’re passionate about Idaho and we’re passionate about what we do.

We are currently seeking a motivated Actuary who can independently execute while aligning with broader organizational goals!

As an Actuary, you will be responsible for working with policyholders’ services, claims and finance leadership in support of rate reviews, industry group analyses, reserving and other analytics functions. You will also partner with outside vendors to produce sound predictive models that support claims and pricing. As the lead actuary at SIF, you will be expected to maintain best practices based on industry and professional standards, producing sound results that senior management can rely on to make decisions.

Responsibilities:

  • Work independently to produce sound actuarial tools and analyses used by SIF:
  • Review and assess loss and loss adjustment expense reserves being able to explain results and recommendations to management and executive teams.
  • Develop sound rate recommendations for underwriting.
  • Build and maintain SIF pricing and rate adequacy monitoring tools.
  • Support development of technical underwriting guidelines.
  • Support SIF’s reinsurance program and monitoring of reinsurance coverage prepping data, reviewing reinsurance analysis and commutations.
  • Support NCCI financial data call process as necessary, including calculating any data anomalies and communicating with NCCI to explain SIF’s data and answer questions.
  • Work closely with external partners to understand, interpret and communicate actuarial results to SIF management.
  • Work closely with external and internal partners to develop pricing and claims predictive models ensuring data integrity. Help implement, document, and maintain models for SIF.
  • Stay abreast of trends and innovations in the casualty actuarial profession related to pricing, reserving, workers’ compensation, predictive modeling, and related areas.
  • Work closely with the Data team function to monitor and inform data integrity and incorporate the use of analytics to inform decisions.
  • Support the monitoring of external information sources for developments that may affect SIF’s operations and strategies, including such areas as regional business conditions, competitors, demographics, legal or regulatory changes, medical costs, utilization, treatment patterns and practices. Assess potential impacts and assist with the preparation of recommendations to inform management response.
  • Serve as a consultant and resource for internal and external business information, pro-active problem resolution, and the application of analytical techniques.

Your qualifications should include:

  • Minimum 5 years of actuarial experience, including experience supporting actuarial reserving, pricing, or predictive modeling in the insurance industry. Experience in workers’ compensation insurance strongly preferred.
  • Bachelor’s degree in actuarial science, mathematics, economics, finance, or a related field.
  • ACAS designation with the Casualty Actuarial Society preferred.
  • Motivated self-starter with the ability to work independently and as a team member.
  • Solid analytical, problem-solving, and reasoning skills and ability to think critically and strategically.
  • Strong communication skills with both technical and non-technical resources.
  • Strong technical skills with proficiency in Python, R, or SQL.
  • Deep desire to learn.
  • Proven organizational and time-management skills; strong attention to detail.

What you can expect!

  • A fun, collaborative culture
  • Work-life balance
  • Professional development opportunities that are more than just “talked about”, they actually happen!
  • Competitive hourly pay rate
  • Generous paid time off
  • Amazing insurance benefits package
  • Retirement benefits that rock – membership in PERSI (pension plan) as well as retirement savings options via 401(k) and 457 plans.

SIF values diversity and we are an equal opportunity employer. Please note that applicants need to have legal authority to work permanently in the U.S.

Job Tags

Hourly pay,

Similar Jobs

Night and Day Logistics

Drivers - Independent Courier Job at Night and Day Logistics

 ...Job Description Salary: Up to $1000 Independent Drivers Wanted DCA Airports Vehicle Types Needed: Large SUVs, Small Cargo Vans, or Minivans Areas: Washington, District of Columbia Job Description We are seeking independent drivers with large SUVs, small... 

Waste Connections, Inc.

Local Garbage Truck Driver Job at Waste Connections, Inc.

 ...Connect to your future What we do: We provide trash and disposal services to the local community. You, a vital piece of the team, would be responsible for safely operating a CDL A Truck delivering dumpster containers to customers, while providing the best service in... 

Visiting Rehab and Nursing Services

Speech Language Pathologist - SLP - Part Time Job at Visiting Rehab and Nursing Services

 ...re growing for all the right reasons. Were on the hunt for a Part Time Speech Language Pathologist (SLP) in the Stoughton residential...  ...level?***Our recruiters offer early morning, evening, and weekend interviews to fit your schedule! Contact us today to learn more... 

C&S Wholesale Grocers

Warehouse Pick & Pack 1st shift Job at C&S Wholesale Grocers

 ...of C&S and their family of companies works to help feed local families, neighbors and communities. As a Warehouse Selector, youll pick, gather & organize product and prepare orders for delivery to local customers. Upbeat individuals interested in staying active & fit... 

Riley Ford Inc

Detailer Job at Riley Ford Inc

 ...applying fabric/leather treatments, and polishing* Inspects vehicles for noticeable defects, such as dents, scratches, torn upholstery, and poor mechanical operation* Ensures that work areas are clean, and that equipment, tools, and supplies are properly...