Associate Actuary - Erie Insurance

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 5,000 employees and over 2,200 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.

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.

• A 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.

• A 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension.

• 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 forservice to your community; and dollar-for-dollar matching of your charitable gifts, up to $12,500 a year.

Position Summary

• Preferred candidates will relocate or be local to the Erie, PA area
• Consideration may be given for the selected individual to work remote outside of Erie, PA based on qualifcations and business need
• The hiring manager will consider candidates for the following levels: Sr. Actuarial Analyst, Associate Actuary, Actuary. Level of position offered will be based upon the depth and breadth of selected candidate's experience and qualifications.

Manages the research, analysis and development of prices and/or reserves for assigned ERIE products and states.

Duties and Responsibilities

Conducts complex rate reviews and/or reserving analyses and prepares in-depth rate studies and rate recommendations. Directs the preparation of materials to support state insurance department rate filings and the preparation of manual pages and computer rate tables. Recommends innovations to improve current methodologies.

Acts as a project coordinator for the rate review process. Leads project team with product development, rate change services, underwriting, claims and marketing to ensure proper rate reviews.

Presents rate development information to senior management and communicates rate changes to other departments as required. Presents effectively formatted analyses regarding various developments and activities and their impacts on those areas.

Designs or improves rate study procedures and formats when appropriate. Recommends, designs, and directs special projects for ratemaking, reserving or reinsurance needs. Presents results and recommendations to management.

Represents The ERIE at hearings and on industry and actuarial organizations and committees.

Visits field offices and/or Agent meetings as required to present actuarial information.

Applies an extensive knowledge of ratemaking and reserving procedures used by The ERIE, competitors, and rate bureaus. Maintains current knowledge of generally accepted actuarial methods, competitive standings, and related developments and information.

Coordinates the education of less experienced staff regarding ERIE and industry practices, data sources, and job efficiencies.

The firstsixduties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performedin order forthe 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

Self-Development

Collaborates

Cultivates Innovation

Instills Trust

Decision Quality

Values Diversity

Nimble Learning

Customer Focus

Optimizes Work Processes

Ensures Accountability

Information Management Skills

Job-Specific Knowledge

Proofing Text And Numbers

Coding And Converting

Qualifications

Bachelor's degree in mathematics or a related field required. Achievement of the Associate in the Casualty Actuarial Society (ACAS) designation required. Three years of previous experience in pricing, reserving or a related actuarial field, including mastery of ratemaking, reserving, and actuarial techniques required. Ability to improve and enhance actuarial processes and procedures required. Proficiency in spreadsheet, database and related software required. Previous programming experience required.

All Erie Employees with a telecommuting arrangement in which they consistently work remotely during part, or all, of their work schedule must have in their regular remote work location, access to business class internet service providing 3 megabytes (3 MBs) or more of bandwidth. For this purpose, business class internet means internet service with a static IP address, dedicated connections and guarantees or service level agreements (SLAs) addressing relevant performance characteristics. The internet service bandwidth requirement is subject to revision from time to time based on the requirements of ERIE's systems.

Physical Requirements

Lifting 0-20 lbs; Occasional (
Lifting 20-50 lbs; Occasional (
Lifting Over 50 lbs; Occasional (
Driving; Occasional (
Pushing/Pulling; Occasional (
Manual Keying/Data Entry; Often (20-50%)

Climbing; Rarely

Nearest Major Market: Erie