Actuarial Analyst Resume Samples

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Actuarial Analysts use statistical models to analyze data and determine both the probability of and the costs involved with such events as product failure, property damage, and accidents, as well as injury and death, in the insurance field. Actuarial analyst resume samples typically include skills like manipulating and analyzing data sets to develop annual plan liabilities and preparing government forms, funding reports, and disclosure spreadsheets. A degree is required to become an Actuarial Analyst, however the fields can vary from Statistics, Math, or Actuarial Science to Finance and Business.

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1

Actuarial Analyst

Monitored indemnity and insurance provisions in contracts to ensure an equitable allocation of risk between the company and its contractors

  • Produced detailed spreadsheets to adequately evaluate reserve levels of the 2.5 million Medicaid population, resulting in a significant reduction in solvency risk
  • Performed monthly experience studies, analyzing migration behaviors of different population cohorts, to present at departmental meetings
  • Analyzed trends within claim payments to quickly assess areas for improvement or growth
  • Developed and supervised a lag analysis resulting in savings of $15 million in consulting fees and lost revenue from misallocation of members into the wrong cohorts
Candidate Info
4
years in
workforce
4
years
at this job
MA
Applied Financial Analysis
2

Actuarial Analyst

Acted as liaison between clients and system technical leads to meet client goals and to ensure client satisfaction during development and implementation of administration software.

  • Analyzed client product features and worked with client to determine required enhancements to the administration system functionality. Developed functional specifications needed to customize the system according to defined enhancements.
  • Presented functional specifications to programmers and monitored development progress to ensure client requirements were met.
  • Tested system enhancements to ensure that the completed programming met the requirements defined in the functional specifications.
  • Trained clients in the use and maintenance of product features in the system.
Candidate Info
6
years in
workforce
1
year
at this job
BS
Mathematics
3

Actuarial Analyst

Developed annual pension and post retirement medical valuations for small to midsized public and private plans in order to determine employer contributions.

  • Reconciled plan participants' data on an annual basis and programmed the results using Access into the Actuarial software, Val2000 (Access based).
  • Analyzed and reconciled financial statements and participant static data by comparing the results to prior year's data and calculated the Pension Plan's liability in Excel.
  • Performed variance analysis to explain actuarial gains/losses, due to plan and assumption changes.
  • Read and interpreted plan documents for calculating benefits and preparing benefit statements.
  • Streamlined the calculation of plan termination process by drastically reducing the all-day job to a three-hour procedure through automation and advanced excel programming.
  • Mentored and trained junior staff on completing government forms and other related work.
Candidate Info
3
years in
workforce
2
years
at this job
BS
Mathematics
4

Actuarial Analyst

Worked directly with Senior Management to develop procedures to negotiate claim settlements, streamline the claims process and ensure timely delivery of compensation to our clients.

  • Worked directly with management staff to develop procedures to negotiate claim settlements, streamline the claims process and ensure timely delivery of compensation to our clients
  • Presented quarterly claims information and loss trends to the board of directors and successfully proposed changes in current claims procedures to process claims efficiently and reduce costs for the company and agents
  • Interviewed insured and negotiated settlements while accurately communicating policy agreements
  • Developed and maintained relationships with numerous outside engineering firms and insurance agencies
Candidate Info
3
years in
workforce
2
years
at this job
BA
Economics
MA
Healthcare Policy
5

Senior Actuarial Analyst

Applied math and statistics to improve Homeowners, Private Passenger Auto, Boat and VIP programs and developed rate indications to keep the company profitable and operating within established actuarial guidelines.

  • Conceived of method for simulating extension of exposure using a random sample of 30,000 policies which resulted in the most reliable estimate of current rate level premium.
  • Created and maintained automatic rate generators for comparison of competitors’ premiums.
  • Produced quarterly and year-end pricing indications using Excel for all states doing company business.
  • Developed Excel system that estimated the impact of various rate or algorithm changes on the established book of business.
  • Provided year-end loss development exhibits for Actuarial Opinion for a newly acquired company using Excel based Affinity software.
Candidate Info
12
years in
workforce
4
years
at this job
BA
Mathematics / Education
MS
Mathematics
6

Pricing Supervisor, Product Manager, Actuarial Analyst

Ensured the profitability of private passenger automobile insurance in the state of Kentucky through product design, pricing, and underwriting, and by proposing changes to chief officers

  • Trained 8 new-hires and maintained a consistent countrywide actuarial work product
  • Designed a verified mileage program to increase sales in our largest market by 80%
  • Managed the design of an SQL and Access tool that automated the calculation of effects of 10 - 15 rate changes per year, reducing the risk of user error and reducing the completion time by 50%
  • Ensured ongoing compliance; completed 5 - 10 regulatory filings per year and responded to objections
Candidate Info
8
years in
workforce
2
years
at this job
BS
Mathematics
7

Senior Actuarial Analyst - Corporate Underwriting

Created an interactive national map for underwriting that displayed loss ratio, premium dollars and utilization of PPO network which reduced the time spent analyzing data by more than 50%.

  • Created PPO network review guidelines and pricing model for corporate underwriting.
  • Assumed leadership in development and repricing of small group product that resulted 40% decrease in loss ratio for this line of business.
  • Established new contacts with PPO clients which resulted in the first nationwide PPO evaluation the company completed in over 8 years.
Candidate Info
8
years in
workforce
5
years
at this job
BS
Mathematics
8

Pension Actuarial Analyst

Rendered asset allocation studies for FASB and valuation assumptions setting

  • Performed FASB financial reporting for pension plans and post-retirement health care plans to meet client year-end reporting deadlines
  • Decreased costs by $220M for a $2B pension trust fund by reducing union group death benefit
  • Reduced turnaround time by 75% through redesign of a project process for a Fortune 500 client
Candidate Info
2
years in
workforce
2
years
at this job
MA
Master of Arts
Research Challenge
9

Actuarial Analyst

  • Monitored indemnity and insurance provisions in contracts to ensure an equitable allocation of risk between the company and its contractors
  • Produced detailed spreadsheets to adequately evaluate reserve levels of the 2.5 million Medicaid population, resulting in a significant reduction in solvency risk
  • Performed monthly experience studies, analyzing migration behaviors of different population cohorts, to present at departmental meetings
  • Analyzed trends within claim payments to quickly assess areas for improvement or growth
  • Developed and supervised a lag analysis resulting in savings of $15 million in consulting fees and lost revenue from misallocation of members into the wrong cohorts
Candidate Info
4
years in
workforce
4
years
at this job
BBA
Actuarial Science
MS
Finance
MS
Quantitative Finance
10

Actuarial Analyst

Created a Logistic Regression model to predict the retention rates of Medicare Advantage plans using Enterprise Guide

  • Researched, validated and analyzed the Edge Server data and risk adjustment process
  • Created and submitted Under 65 rate filings to the OIR
  • Contributed to the forecasting process by maintaining and enhancing the Actuarial Reprojection Model and creating a monthly actuarial scorecard
  • Supervised an Intern on several risk adjustment projects that included SAS and Excel
Candidate Info
9
years in
workforce
5
years
at this job
BS
Business Administration
MS
Mathematical Finance

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