Actuarial Analyst

Welcome to Pronto Insurance, a flourishing general agency in South Texas! Since 1997, we've been on an unstoppable journey of growth, and now, with over 200 captive locations in Texas, California, and Florida, our expansion knows no bounds. Join our team and be part of the driving force that makes Pronto Insurance products a reality for all. Together, we'll revolutionize the insurance market and leave an indelible mark on the industry. Dare to dream big and embark on an adventure filled with endless opportunities!

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

JOB DESCRIPTION: ACTUARIAL ANALYST (TX)

Job Location: Brownsville, TX

RESPONSIBILITIES

The Actuarial Analyst will be responsible for assisting in the development, implementation, and
maintenance of prices and a pricing strategy that ensures competitive rates, sustainable profitable
growth, rating consistency, and regulatory compliance. This will be accomplished by utilizing product
sophistication, pricing discipline, and analytical analysis. They will interact with internal actuaries and
actuarial associates and may interact with external actuarial firms.

Conduct qualitative and quantitative data analysis to assist in the development of pricing levels for
company products. Prepare rate adequacy analysis using actuarial techniques at various levels of
segmentation. Prepare filings to be submitted to regulators and answer questions to secure approval.

Will work to help ensure that rates are properly programmed in the system, conduct various quality
tests, and ensure all carrier rate filings are accurate, complete, and timely submitted.

Will be knowledgeable of all parts of the rating formula; proactively find any system errors and find
short-term and root solutions to any issue.

Will work to gather industry data including competitor pricing (both for auto and additional lines of
business) and pricing strategy.

Prepare loss ratio and premium forecasting analysis for internal use as well as support for reinsurance
placement activities.

Expected to work with queries, databases and reporting software to be able to gather, aggregate and
augment both policy and claims data for proper actuarial analysis. Must create repeatable processes to
maximize efficiency for future analysis. Support regular reporting as needed.

Collaborate with the IT Data Team to on the data needs of the department, share if issues are found and
support corrections or changes.

Will be expected to demonstrate prudent business judgment, good communication skills, strong
analytical skills, and substantive pricing knowledge and expertise.

Will work closely with other company support departments and distribution channels to ensure
objectives are met and research/ changes made are thoroughly communicated.

Expected to sit for and pass actuarial exams in pursuit of an actuarial designation from the Casualty
Actuarial Society.

The pricing analyst will report to the VP, Chief Actuary, Actuarial Pricing

KNOWLEDGE AND SKILL REQUIREMENTS

● 2+ years’ experience with data analytics

● 1+ years’ experience working in a Property & Casualty Actuarial role.

● Passed 1 or more actuarial exams

● University degree in Finance, Economics, Computer Science, Mathematics, Statistics, or
Actuarial Science.

● Highly proficient in Excel & data manipulation software

● Strong working knowledge of programing, data processing, databases and data analytics
software including but not limited to SQL and Python

● Excellent written and oral communication skills, including the ability to condense and present
information in a meaningful format

● Proven ability to exercise sound judgment and strong problem-solving skills.

● Strong organizational and time management skills to prioritize workloads and multiple projects
and meet time sensitive deadlines with a high degree of accuracy.

● Ability and desire to learn and adapt to a changing environment.

● Self- motivated with an ability to independently formulate solutions and employ and examine
all resources available to implement solutions.

● Must demonstrate professional and ethical business practices, adherence to company standards,
and a commitment to personal and professional development.

PREFERRED:

Predictive Modeling experience in college or work setting

Experience programming in R

Prior actuarial work experience

Experience using Power BI and/or Tableau and Azure Data Factory

We offer a competitive and comprehensive compensation package. The base salary range represents the anticipated low end and high end of the range for this position. The actual compensation will be influenced by a wide range of factors including, but not limited to previous experience, education, pay market/geography, complexity or scope, specialized skill set, lines of business/practice area, supply/demand, and scheduled hours. On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave

Other benefits include:

• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program
• And more...

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.