Actuarial Research Analyst I or II - Erie Insurance

Division or Field Office:

Actuarial Division
Department of Position: Pricing Department
Work from:
Corporate Office, Erie PA Salary Range:
$60,677.00-$96,925.00*

salary range is for thislevel and may vary based on actual level of role hired for

*This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location, and experience of an applicant, as well as level of role for which the successful candidate is hired.Position may be eligible for an annual bonus payment.

At Erie Insurance, you're not just part of a Fortune 500 company; you're also a valued member of a diverse and inclusive team that includes more than 6,000 employees and over 13,000 independent agencies. Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.

Benefits That Go Beyond The Basics

We strive to be Above all in Service® to our customers-and to our employees. That's why Erie Insurance offers you an exceptional benefits package, including:

• Premier health, prescription, dental, and vision benefits for you and your dependents.Coverage begins your first day of work.
• Low contributions to medical and prescription premiums.We currently pay up to 97% of employees' monthly premium costs.
• Pension.We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service.
• 401(k) with up to 4% contribution match.The 401(k) is offered in addition to the pension.
• Paid time off.Paid vacation, personal days, sick days, bereavement days and parental leave.
• Career development.Including a tuition reimbursement program for higher education and industry designations.

Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts each year.

Position Summary

• The Hiring Manager will also consider candidates for Actuarial Research Analyst I (F08) orII . Level of position offered will be based upon the depth and breadth of selected candidate's experience and qualifications.

Conducts reviews and analysis of basic or moderate complexity within actuarial disciplines, including pricing, enterprise risk management, loss reserving, data science, and/or predictive analytics. Compiles and analyzes data, develops, and presents proposals, compiles state insurance department filings, and coordinates the implementation of changes with other areas.

Duties and Responsibilities

• Supportsandconductsbasicormoderatelycomplexactuarial analyses, business recommendations,andstateinsurancedepartmentfilings,andupdatessystemsasrequired.
• Createsandmaintainsexhibits,reports,maps,andchartsforraterecommendations,actuarialstudies,andstateinsurancedepartmentfilings.AnalyzesERIE'sfinancialdataandindustry statistical informationandpreparesperiodicupdatesformanagement,usingappropriate presentation format.
• IndependentlyanalyzesandrespondstobasicormoderatelycomplexinquiriesfromERIEAgents,branchmanagers,districtsalesmanagers,andotherdivisionsanddepartmentsthroughoutERIE. Completesinformation requestsforstateinsurancedepartmentsandresearchorganizations.
• Balancesandanalyzesreportandexhibitoutputforreasonability.Conducts moderatelycomplextroubleshootingbeforenotifyinganotheranalyst andmanagementofunreasonableresults.
• Presentsactuarialinformationtomanagementandcommunicateschangestootherdepartmentsasrequired.

Duties and Responsibilities (cont'd if applicable)

• Acts as a project coordinatorforactuarialdataprocesses.Workswithotherareasofthecompanyasnecessary.
• Develops and maintains automatedprocedurestoimproveworkflowand productivity.
• Appliesaworkingknowledgeofactuarialprocedures used by ERIE, competitors, andgovernmentalbodies.
• Visits field offices and/or Agentmeetingsasrequiredtopresentactuarialinformation.
• Completesspecialprojectsasrequired.

The first four duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished. This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employeesare required tofollow any other job-related instruction and to perform any other duties as requested by their supervisor, or as becomeclear.

Competencies

• Values Diversity
• Nimble Learning
• Self-Development
• Collaborates
• Customer Focus
• Information Management Skills
• Cultivates Innovation
• Optimizes Work Processes
• Job-Specific Knowledge
• Instills Trust
• Decision Quality
• Ensures Accountability

Qualifications

Minimum Educational and Experience Requirements

• Bachelor's degree in mathematics or a related field and three years' experience in pricing, reserving or a related actuarial field, including working knowledge of ratemaking, reserving and actuarial techniques required.

Additional Experience

• Working knowledge of spreadsheet, database and related software required.
• Previous programming experience preferred.

Designations and/or Licenses

• Successful completion of INS 21, 22, and 23 and AIT 131, or equivalent, required.

Physical Requirements

• Lifting/Moving 0-20 lbs; Occasional (<20>
• Lifting/Moving 20-50 lbs; Occasional (<20>
• Ability to move over 50 lbs using lifting aide equipment; Occasional (<20>
• Driving; Rarely
• Pushing/Pulling/moving objects, equipment with wheels; Occasional (<20>
• Manual Keying/Data Entry/inputting information/computer use; Frequent (50-80%)
• Climbing/accessing heights; Rarely

Nearest Major Market: Erie