Actuarial Math Rating Analyst
3 weeks ago
Looking for Early Joiners
Location: Remote
Experience: 5 years to 8 years.
Actuarial Math Rating Analyst
JOB PURPOSE:
- As a member of our Rating team, the Actuarial Math Rating Analyst is responsible for implementing actuarial formulas in our application.
- Collaborate closely with clients’ actuaries and underwriters to understand and refine the algorithms used to calculate claim and premium rates
- Should be able to design and implement algorithms within the framework of our software; and then they code that design using our custom MATH programming language along with other elements of our Java-based software infrastructure.
- Evaluate and monitor the rating for accuracy, fast performance, and maintainability.
- This role has considerable room for self-direction and growth; you will have the opportunity to help determine your own responsibilities and trajectory within the company.
JOB DESCRIPTION & ACCOUNTABILITIES:
- Collaborate directly with our clients to understand and document insurance rating formulas in the form of spreadsheets, code, and written documentation.
- Work with Business Analysis and Core Development teams to refine rating algorithms and design their implementation in our software.
- Program, test, and optimize rating formulas and algorithms.
- Develop knowledge of actuarial operations and the insurance business, including rating and formula handling, underwriting, and product development
- Analyze problems and work closely with both internal and external stakeholders to develop solutions.
- Make recommendations to management regarding timelines and best practices.
- Work collaboratively with the entire 'Majesco Smart Underwriting Application' team to continually improve processes.
SOFT SKILLS
- Excellent written and verbal communication
- Ability to work both autonomously and as part of a team
- Should be initiative-taker and self-motivator.
- Should be inquisitive and an adaptive learner.
- Must have strong mathematical, logical, analytical, and problem-solving skills
EDUCATION / CERTIFICATION / TRAINING
- University degree in Computer Science, Mathematics, Actuarial Science, or a related field
- Equivalent skills gained through work experience may also be considered.
MUST HAVE REQUIREMENTS (order of priority)
- Fluency in Microsoft Excel spreadsheets and formulas
- Strong mathematical, logical, analytical, and critical thinking / problem solving skills.
- Programming experience or training
- Excellent written and verbal communication
- Ability to work both autonomously and as part of a team.
- Proactivity and self-motivation
- Inquisitiveness and ability to learn quickly.
ASSETS
- Experience with VBA and/or functional programming.
- Completion of first-level SOA/CAS actuarial exams
Our Telecon: TribolaTech
Founded in 2009, TribolaTech specializes in providing Information Technology Solutions and Outsourcing Services. Our executive teams have over 5 decades of combined experience in IT Consulting, Data Management and Staff Augmentation. We love technology and are proud to build a world class global company.
TribolaTech is committed to delivering quality solutions that provide exceptional value, innovation, assurance, and integrity to our customers. With deep industry and business process expertise, comprehensive resources and a proven track record, TribolaTech can mobilize the right people, process and technologies to help clients improve their business.
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