Bachelor’s degree, successful completion of at least four (4) examinations from the Casualty Actuarial Society and four years of actuarial experience.
Preferred qualifications include being an Associate of the Casualty Actuarial Society (ACAS) and membership in the American Academy of Actuaries (MAAA).
The Principal Actuary Casualty may report to a Supervising Actuary, Chief Actuary or other high-level actuarial staff and may be responsible for performing the following duties which may include but will not be limited to:
- Overseeing the monthly booking and review of workers’ compensation loss and loss adjustment reserves.
- Calculate indicated loss reserves.
- Coordinate with and support external actuaries
- Analyze claim trends and drivers.
- Develop monthly, quarterly and annual financial reports.
- Review rates and rate structure.
- Analyze, investigate and assist in the development of new products and contracts.
- Preparation of reports to rating bureaus and regulatory agencies.
- Calculation of ATF fatal, permanent disability & permanent partial claim deposits.
- Prepare cashflow projections for the Worker’s compensation and Aggregate Trust Funds.
- Develop analytics, models and presentations to support executive level decision making.
- Advise and assist business partners in the use of actuarial and mathematical techniques to analyze the business.
- Manage staff of junior actuaries and/or non-actuarial staff.