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Job Summary (Essential Functions) Develops actuarial pricing and/or reserving analyses, in accordance with CAS (Casualty Actuarial Society) principles, to produce indicated overall rate level changes and/or loss and loss adjustment expense reserve levels. Provides actuarial input to other product pricing analyses, such as class plans, territories, new coverages and endorsements, etc. Works with Commerce, ACIC and CWIC Product Department, as needed, to develop competitor analyses and to quantify the impact of proposed pricing changes on insureds. Provides other support to the actuary as needed.
Knowledge, Skills and Education Required This position is responsible for developing and implementing actuarial analyses, to support rate making and/or reserving. Bachelor's Degree / or professional level of knowledge in a specialized field, or equivalent, related experience, as well as credit for at least two(2) exams of the Casualty Actuarial Society (2000 Syllabus) and a minimum of two(2) years actuarial work experience. Thorough knowledge of Microsoft Office software is essential to perform analyses. Candidate should be pursuing CAS (Casualty Actuarial Society) accreditation to at least ACAS level (CAS Exams 1-7).
The Commerce Insurance Company is a leading Property and Casualty Company and the largest private passenger auto and homeowner insurer in MA. We offer competitive wages and unmatched benefits including: Health, Dental, Life, PTO, Holidays, 401(k), STD/LTD, Tuition Reimbursement, Childcare, Flexible work schedules and Casual attire environment.
Our mission is to provide superior property and casualty insurance products to consumers and businesses through independent agents who are committed to, and share the Company’s philosophy of "Caring in everything we do".
