Senior Actuarial Analyst, Standard Lines Pricing

Job Summary

The Senior Actuarial Analyst in Standard Lines Pricing, working with limited supervision, conducts complex analyses, provides recommendations, and leads special actuarial projects. The role applies highly technical actuarial acumen and skill set in completing assignments and works to improve processes in the actuarial department. The role researches and develops best practices pricing techniques to be implemented across the business, serves as a mentor to less experienced professionals, provides general expertise on market trends and product performance and adheres to internal and external compliance requirements/standards.

Job Responsibilities

• Directs actuarial projects while applying actuarial skills and knowledge of the Company's insurance products and operations.
• Completes research, ensures accuracy of calculations and analyses, and meets project deadlines.
• Completes all complex actuarial assignments by following standard processes in area of Standard Lines Pricing
• Provides input on the pricing of new and existing products, collaborates with the Underwriting, IT, and Product teams.
• Assists in developing management reports that are used to monitor performance, behavior, and results of company goals and objectives.
• Develops and maintains adequate knowledge and awareness of industry activities through attendance at seminars, reading trade journals and magazines, and through personal contact with other insurance companies, state regulatory bodies, and professional affiliations.
• Gathers information, prepares reports, and creates datasets following already documented processes in support of the Actuarial Department.
• Prepares supporting exhibits for defending state filing materials, and partners with the IT team to implement rate and rule changes in rating.
• Provides ongoing review and improvements of pricing and processes for greater automation, accuracy, and rate adequacy.
• Supports peers and less experienced professionals, analysts, and associates in their respective activities on pricing.

Job Qualifications

• 5+ years of insurance and/or business experience.
• 4+ years of actuarial experience.
• Bachelor's degree in Mathematics, Actuarial Science, Statistics, or a related field and/or commensurate work experience.
• Credit for completion of the following Casualty Actuarial Society work: passing the "Basic techniques for rate making and estimating claims liability" exam and completion all CAS preliminary requirements (e.g. exams, VEEs, online courses) prior to this exam.

Location 

Hybrid – defined as working three or more days per week in the office if the employee’s residence is within 50 miles of Westfield Center, OH; or Remote – if the employee resides more than 50 miles from Westfield Center, OH.

Behavioral Competencies

• Collaborates
• Customer focus
• Communicates effectively
• Decision quality
• Nimble learning

Technical Skills

• Financial Acumen
• Knowledge of Programming Languages
• Statistical Modelling Software
• Pricing Modeling
• Statistical Analysis
• Predictive Analytics
• Corporate Reserving
• Data Analysis and Reporting
• Actuarial Analytics
• Insurance Industry Knowledge

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

Our Values

At Westfield, we believe that our success starts with our people. We're committed to creating an environment where everyone feels valued, supported and empowered to do their best work. Whether you're building your career, sharing new ideas or collaborating with colleagues across the business, you'll be part of a culture built on trust, respect and shared success.

Our values are at the heart of everything we do. Integrity encourages ethical, honest and principled behaviour. Accountability promotes ownership, responsibility and follow-through. Collaboration fosters teamwork, diverse perspectives and collective success. Respect creates an inclusive environment where people are valued, heard and supported. Transparency enables open communication, trust and clarity. Stewardship inspires long-term thinking, sustainable decision-making and a commitment to building for the future.

Together, these values bring our guiding principle to life: We Earn Trust Every Day.