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Actuarial Rating Analyst

EMC Insurance Group Inc.Des Moines, IA

$60,813 - $92,395 / year

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Overview

Schedule
Full-time
Career level
Entry-level
Compensation
$60,813-$92,395/year

Job Description

At EMC, we're all about working together to make an impact. As part of our team, you'll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts-always supporting each other to do our best work. Join us, and let's improve lives together.

Essential Functions:

  • Performs assigned premium rating algorithm and data analysis, including building and maintaining requirements and related documentation. Partners with senior team members to support more complex assignments.

  • Collaborates with developers and quality assurance to ensure rating logic and functionality meet project objectives.

  • Engages in quality control checks and peer reviews; recommend process improvements.

  • Prepares and validates data for analysis; maintains data integrity and organizes rating elements.

  • Calculates and reports policy impact measurements to support decision-making.

  • Researches rating-related questions. Builds and tests sample policies and rating scenarios to validate logic.

  • Communicates findings and project updates clearly to stakeholders and team members.

  • Completes required training and certifications. Engages in self-directed and collaborative learning of line of business coverages and rating, including asking questions to learn context and understanding. Develops skills and knowledge of insurance operations.

  • Collaborates and supports actuarial ratemaking work-products including rate impact analysis and rate filings.

Education & Experience:

  • Bachelor's degree in math, statistics, or actuarial science

  • One year of actuarial or business analysis experience

Knowledge, Skills & Abilities:

  • Strong analytical, investigation and problem-solving abilities

  • Working knowledge of mathematics, probability, statistics, and financial mathematics

  • Proficient working knowledge of Microsoft office products (Excel, Word, PowerPoint, Power BI)

  • Exposure to product management tools

  • Knowledge of at least one programming language, such as SQL or Python preferred

The hiring salary range for this position will vary based on geographic location, falling within either of the following:

$60,813 - $84,038 or $67,200 - $92,395

A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs.

For information relating to the benefits EMC Team Members receive as part of a comprehensive rewards package, please visit www.emcins.com/careers.

Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.

All of our locations are tobacco free including in company vehicles.

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FAQs About Actuarial Rating Analyst Jobs at EMC Insurance Group Inc.

What is the work location for this position at EMC Insurance Group Inc.?
This job at EMC Insurance Group Inc. is located in Des Moines, IA, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at EMC Insurance Group Inc.?
Candidates can expect a pay range of $60,813 and $92,395 per year.
What employment applies to this position at EMC Insurance Group Inc.?
EMC Insurance Group Inc. lists this role as a Full-time position.
What experience level is required for this role at EMC Insurance Group Inc.?
EMC Insurance Group Inc. is looking for a candidate with "Entry-level" experience level.
What is the process to apply for this position at EMC Insurance Group Inc.?
You can apply for this role at EMC Insurance Group Inc. either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.