Actuarial Analyst II - General Motors Insurance

JOB DESCRIPTION

Why General Motors Insurance?

At General Motors Insurance, we are building an Insurtech business that will reinvent auto insurance. We are fully owned and backed by auto industry leaders General Motors and GM Financial.

This is a truly unique opportunity to join at the foundational stage of a start-up leading the transformation of the auto insurance experience.

GM has the largest connected vehicle fleet worldwide. In the US alone, there are currently 9M+ connected GM vehicles on the road and that number is projected to triple in the next 10 years. More than that, the OnStar system currently has access to over 900 data points from the vehicle. This surge in information about vehicles and how they are driven will revolutionize auto insurance. This disruption is backed by the bold GM vision of zero crashes, zero emissions and zero congestion. We are serious about the safety and financial security of our customers.

This position will be posted until filled.

The Actuarial Analyst II performs analyses and tasks needed to generate and support adequate insurance products rates as well as support reserve estimation performed by our reserving partners (work that will ultimately be undertaken in-house). This individual will support rate development, rate filing development and rate testing for state launches and active states. The Actuarial Analyst II will help develop and support data management and analytical tooling that enables actuarial analyses. Prior personal lines ratemaking experience is a big plus. We require the candidate to have at least three actuarial exams in pursuit of the Casualty Actuarial Society associateship or fellowship credential and we will provide support for pursuing the credential.

• Apply actuarial ratemaking methods following defined procedures with limited oversight
• Manipulate, transform, calculate, and visualize data using a variety of tools and functions
• Use the results of predictive models to inform decisions and make recommendations
• Identify and evaluate trends in business metrics and how they may impact ratemaking and reserving
• Develop rate filing support as needed
• Participate in rate validation testing and ensure rating engine is working as intended
• Support data management to ensure the appropriate data and data aggregation techniques are available to perform ratemaking and reserving analyses
• Support the design and use of standard actuarial analyses such as rate level indications, rate change impact analysis, and reserve development

• Knowledge of personal lines insurance products and pricing analysis (auto experience preferred)
• Experience with pricing new states and/or new products is a plus
• Working knowledge of data management, and the ability to communicate data management requirements, that supports pricing and reserving analyses
• Proficient with Microsoft Office Suite as well as database creation and manipulation programs (eg, SQL) and business intelligence software
• Ability to retrieve and analyze data to support pricing decisions (experience with DataBricks is a plus)
• Experience with InsurQuote and/or WTW Radar Base as well as with programming languages such as R or Python are a plus
• Effective communication (verbal and written), cross-collaboration and team skills and the ability to work effectively in a team environment as well as adaptability to rapidly changing business and technological needs, with frequently changing priorities
• Ability to meet expected delivery dates and the tasks necessary to achieve objectives
• Ability to manage multiple projects simultaneously and have strong organizational skills to prioritize work appropriately
• Ability to meet documentation standards and demonstrates integrity while successfully managing work demands

• Bachelor's Degree in Mathematics, Actuarial Science, Data Science, Statistics, Computer Science, or other quantitative field
• 1-3 years work of experience with actuarial ratemaking and reserving, statistics, data science, or related quantitative experience (strong preference for personal lines insurance experience) required

• Actively pursuing actuarial credential (Casualty Actuarial Society strongly preferred) with a least 3 exams passed
  • We offer an Actuarial Career Support Program for eligible employees