Full-Time

Actuary – Remote

Posted on 5/29/2024

First American

First American

10,001+ employees

Offers title insurance, real estate services, and technology

Data & Analytics
Real Estate

Compensation Overview

$71.5k - $148.5kAnnually

+ Employee Stock Purchase Plan

Senior

California, USA + 3 more

Required Skills
Communications
R
SQL
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s Degree or equivalent combination of education and experience
  • 7+ years of property/casualty actuarial work experience involving rate adequacy analysis, rate filings, and claims data analysis
  • Consideration given for one year of graduate level studies equivalent to two actuarial exams
  • Active membership in the Casualty Actuarial Society (ACAS or FCAS) preferred
  • Proficiency in MS Office including Excel, Word and PowerPoint, and MS Access and Power Suite
  • Proficiency in SQL, R, or similar programming language preferred
  • Proficiency in creating exhibits for presentations
  • Familiarity with standard P&C actuarial methods and concepts for both pricing and reserving
  • Working knowledge of insurance business concepts and economics
  • Employs excellent verbal and written communication skills
Responsibilities
  • Responsible for the design and production of financial models and methods to analyze risk
  • Performs rate indications and makes predictions about segment profitability, reserving and forecasting
  • Capable of integrating and assessing multiple parameters to assess data
  • Apply mathematics, probability, statistics, and financial expertise to calculate insurance metrics and services
  • Capable of claims data analysis using existing SQL queries and the ability to build their own queries
  • Responsible for the company’s rate level indication and pricing segmentation methodology
  • Improves modeling techniques by adopting the most appropriate actuarial methodology
  • Perform rate adequacy analysis for products by state
  • Prepare actuarial rate filing exhibits and support, for inclusion in rate filing submissions to regulators insurance departments
  • Produce prospective expected loss ratio (ELR) estimates by state
  • Analyze pricing for both new and existing products
  • Assist in all aspects of quarterly and annual IBNR reserve analysis, including accounting and foreign currency translation aspects
  • Learn proprietary claims database mining for claims research and improvement of models language, and use to program database queries
  • Research economic data for application, and apply to modeling claims processes
  • Supports accounting department in compilation of required statutory exhibits and schedules
  • Supports the forecasting process, range estimates for reserves, including research of economic data to apply to modeling claims processes
  • Assist in various quantitative projects involving claims and/or financial modeling applied to insurance
  • Lead the communication, documentation and coordination of information, technical issues, and activities between actuarial & non-actuarial departments as well as with internal & external colleagues, clients, and stakeholders

At First American, employees have the unique opportunity to contribute to the digital transformation of the real estate industry, using proprietary technologies and extensive data assets. The company's comprehensive approach to title insurance, settlement services, and a broad spectrum of real estate-related technologies offers a dynamic work environment. Additionally, First American's commitment to innovation in providing data products, valuation services, and more ensures that its team is always at the forefront of industry advancements and service excellence.

Company Stage

N/A

Total Funding

N/A

Headquarters

Santa Ana, California

Founded

1889

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

4%

Benefits

401k matching

Health, vision, dental insurance

Professional development