Actuarial Assistant I at Proassurance Corporation in Birmingham, Alabama

Job Description:

An exciting opportunity exists to join the ProAssurance family of companies!




We are a specialty writer of professional liability, products liability and workers' compensation insurance. With approximately 1000 employees operating in all 50 states, we are well positioned to offer career opportunities to individuals interested in professional growth.



This positions supports our healthcare professional liability line business. Preference is for this position to be based in Birmingham AL.


The Actuarial Assistant conducts rate reviews, prepares data calls, assists in the preparation of quarterly and annual financial statements, and assists with a variety of other special projects. The Actuarial Assistant will work under direct supervision.



Essential Duties and Responsibilities:

• 45% - Develop and analyze rate indications and loss development factors. Prepares analyses for rate related decisions.


• 15% - Reviews (both technical and peer) work products from co-workers.


• 10% - Responds to statistical data calls and data requests from state insurance departments and other governmental or industry entities including interfacing with other departments (Claims, Underwriting, Legal) as required.


• 10% - Assists with data collection and analysis.


• 10% - Performs special projects as directed by management and other related duties as required.


• 5% - Performs class plan and territory analysis.

• 3% - Prepares rate filings for insurance departments.


• 1% - Creates rate spreadsheets that contain data to be uploaded into the policy administration system.


• 1% - Maintains spreadsheets that store miscellaneous company, competitor and industry information. Explains include class plans, indicated specialty relativities, rates (by states), ratemaking assumptions and expenses.

• Bachelor's degree in mathematics or financial related field.


• Working knowledge of the insurance industry.


• Completion of one or more actuarial exams a plus.


• Solid written and verbal communication and problem-solving skills.


• Proficiency with Microsoft Office Suite including Access a plus.


• Experience using a mapping software such as MapInfo is preferred.