Actuarial Analyst
Job Title: Actuarial Analyst
Department: Actuarial Services
FLSA Status: Exempt
Location: 307 N Michigan Ave, Chicago, IL
Interviews: Virtual and on-campus interviews will take place Sept-Nov 2024
About 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 Summer 2025, is within the Old Republic General Services actuarial team.
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 environment
· Develop rate level indications and other information in support of compliance filings
· Review/analyze renewal submissions for data consistency and accuracy. Identify, communicate, and resolve discrepancies in data including loss, premium, and exposures
· Scrub and summarize historical loss data provided in a wide range of file formats
· Perform quality reviews of other consultants’ work
· Complete basic pricing and reserving projects
· Prioritize multiple projects simultaneously
· Assist in maintaining and updating existing pricing models
· Gain familiarity with various internal and external data sources
· Complete other duties as assigned
Experience/Required Skills:
· Bachelor's degree from a four-year college or university
· Successful completion of at least one actuarial exam
· Demonstrated problem solving and analytical abilities
· Strong planning, organization, and time management skills
· Excellent communication skills on multiple platforms and customer service skills including ability to effectively communicate with non-actuaries
· Ability to define problems, collect data, establish facts, and draw valid conclusions
· Attention to detail
· Ability to work in a team environment
· Successful completion of an actuarial or business internship preferred
· Strong working knowledge of Microsoft Office products, especially Excel
Old 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.