Actuarial Analyst

Job Title: Actuarial AnalystDepartment: Actuarial ServicesFLSA Status: ExemptLocation: 307 N Michigan Ave, Chicago, ILInterviews: Virtual will take place Sept-Nov 2024About Old Republic:Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America's 50 largest shareholder-owned insurance businesses and currently ranks among the Fortune 500 list of the Nation's biggest companies. Old Republic is primarily a commercial lines underwriter serving the insurance needs of a large number of organizations, including many of America's leading industrial and financial services institutions.Located on Michigan Avenue, in the heart of downtown Chicago ("The Loop"), the Old Republic Building (Corporate Headquarters) is close to several public transportation lines and parking locations.Actuarial Analyst Responsibilities:This is an excellent opportunity to enter our Actuarial development track and join a high-performing Actuarial department within a reputable organization located in downtown Chicago. This new position, starting MayJune 2025, is within the Old Republic Actuarial Management Company "ORAMCO" actuarial team. The successful candidate will be responsible for assisting a team of actuaries with pricing analyses and reserve analyses for a variety of property-casualty commercial lines with the opportunity to grow. The candidate will work primarily in support of the ORRM large account and alternative risk group.The Actuarial Analyst will assist a team of actuaries on a variety of property-casualty commercial lines projects. They will be exposed to pricing, quarter-end reserve analyses, compliance filings and other projects to support the subsidiaries from the Corporate Headquarters.Our hybrid work program provides flexibility for 2 remote days per week.Actuarial Analyst duties will include, but are not limited to:Assist actuarial team with data prep for pricing and reserving projects in a high production environmentDevelop rate level indications and other information in support of compliance filingsReviewanalyze renewal submissions for data consistency and accuracy. Identify, communicate, and resolve discrepancies in data including loss, premium, and exposuresScrub and summarize historical loss data provided in a wide range of file formatsPerform quality reviews of other consultants' workComplete basic pricing and reserving projectsPrioritize multiple projects simultaneouslyAssist in maintaining and updating existing pricing modelsGain familiarity with various internal and external data sourcesComplete other duties as assignedExperienceRequired Skills:Bachelor's degree from a four-year college or universitySuccessful completion of at least one actuarial examDemonstrated problem solving and analytical abilitiesStrong planning, organization, and time management skillsExcellent communication skills on multiple platforms and customer service skills including ability to effectively communicate with non-actuariesAbility to define problems, collect data, establish facts, and draw valid conclusionsAttention to detailAbility to work in a team environmentSuccessful completion of an actuarial or business internship preferredStrong working knowledge of Microsoft Office products, especially ExcelOld Republic International "ORI" is an Equal Opportunity Employer. ORI provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Created: 2024-11-01