Sr. Actuarial Analyst - Hybrid at Worker's Compensation Insurance Rating Bureau – Oakland, California

For over a century, the Workers' Compensation Insurance Rating Bureau of California (WCIRB) has been California's trusted, objective provider of actuarially based information and research, advisory pure premium rates and educational services integral to a healthy workers' compensation system. The WCIRB is a California unincorporated, private, nonprofit association comprised of all companies licensed to transact workers' compensation insurance in California. The operations of the WCIRB are funded primarily by membership fees and assessments; no state money is used to fund its operations. The WCIRB is a stable company and a proven leader in the workers’ compensation insurance industry nationwide.

The WCIRB performs a number of functions to accurately measure the cost of providing workers' compensation benefits and ensure a healthy workers’ compensation system. To learn more about our company, please visit About Us | WCIRB California. The WCIRB employs approximately 175 people with an average tenure of over 10 years. We are committed to fostering a healthy, safe, and diverse work environment, leading to a dedicated, collaborative, and innovative workforce. This is a hybrid position where approximately 40% of the work time is spent at our current home office in Oakland, California. Note: the WCIRB is moving! Our new home office at 1 Montgomery in San Francisco (steps from Montgomery BART) is slated to open in mid-June 2025.

The Senior Actuarial Analyst is responsible for (1) auditing and compiling data for analysis and ratemaking, (2) performing various analyses and ratemaking functions, and (3) the development and maintenance of data products and reports.

• Collects and compiles aggregate data for ratemaking and research, and performs thorough review of both aggregate and individual insured data for errors, anomalies, and changing trends.

• Corresponds verbally, as well as in writing, with WCIRB members and other customers such as the insurance department and governmental agencies, on complex technical and data quality issues.

• Interacts and communicates with representatives of other units of the WCIRB on various data-related and operational projects and issues.

• Performs various studies of experience by classification.

• Performs peer review of other analysts’ work.

• Independently performs thorough actuarial analyses of aggregate data, applying judgment and discretion in the analyses, identifying trends and cost drivers, communicating results to management, and implementing recommended actions for the production of reports and presentations.

• Supervises and engages in the development of new data products and services and oversees the fulfillment of data requirements pursuant to statutory and regulatory mandates and other business requirements.

• Performs detailed actuarial studies independently with minimal or no supervision and recommends and implements enhancements to processes or methodologies to achieve greater accuracy or efficiency.

• Responsible for key actuarial analyses and projections in rate filings including descriptive write-ups of methodologies.

• Assists in management and coordination of team projects within Actuarial, with other WCIRB departments, and with external customer working groups.

• Writes and presents actuarial studies and reports to internal and external groups, including to actuarial peers and executive customers.

Education, Experience, and Skill Qualifications:

• Educational background (Bachelor’s degree or above) with a strong GPA in a technical field such as mathematics, actuarial science, applied statistics, or economics.

• Minimum of two years’ demonstrated proficiency as an Actuarial Analyst or equivalent actuarial position.

• Completion of Casualty Actuarial Society examinations through CAS Exam 5. Candidates who have completed a sitting of CAS Exam 5 without passing will also be considered.

• Ability to communicate both effectively and professionally, both verbally and in writing.

• Strong listening and interpersonal skills.

• Strong proficiency in the following three areas with four years’ experience preferred: mathematics, applied statistics, and programming (in a language such as VBA, SQL, or R).

• Proficiency in Microsoft Office Suite.

• Able to work independently with minimal or no supervision.

• Broad understanding of actuarial ratemaking methodologies.

WCIRB Perks & Benefits!

Our employees enjoy a state of the art, energy-efficient, open work environment that nurtures collaboration and creativity. At the WCIRB, we go the extra mile to keep our employees happy and healthy. Our perks include:

• Hybrid work environment (40% onsite, 60% remote)

• Medical, dental and vision benefits

• Competitive PTO Program

• 401K and pension plan

• Annual incentive plan

• Social activities

• Community volunteer involvement

NOTE: The successful candidate will reside in California and will work from our headquarters in San Francisco at least 40% of the time. We are NOT able to pay for relocation costs for candidates.