Insurance Analytics Specialist (Actuary)- Tec...

Lockton CompaniesSan Francisco, CA, United States

30+ days ago

Job type

Full-time

Job description

Insurance Analytics Specialist (Actuary)- Technology Ris...

San Francisco, California, United States of America

Insurance Analytics Specialist (Actuary)- Technology Ris...

San Francisco, California, United States of America

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

About the Position

Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives. To see the latest insights from Lockton's experts, check Lockton Market Update .

A few of the reasons Associates love working at Lockton include :

Opportunities for growth and advancement, including paid training and professional development
12-week paid parental leave
A huge emphasis on community involvement
Frequent athletic and wellness events
Incredibly generous rewards; US Associates receive a Rolex for their 10 year anniversary!

We seek an experienced Insurance Analytics Specialist / Actuary to join our team. In this role, you will be part of an engaging and dynamic brokering team building insurance products that uses creative analytics solutions to advocate for our clients. You will also serve as the daily liaison between our account team and our internal analytics partners, ensuring data completeness and quality, as well as managing workflow and work quality. The ideal candidate will have a strong foundation in insurance analytics, a solid understanding of fundamental insurance concepts, and the ability to transform complex data into actionable insights.

Key Responsibilities

Advanced Analytics for Bespoke Analysis

Perform sophisticated analytical research on specialized insurance topics, including innovative initiatives in autonomy and actuarial research

Design and implement analytical models to evaluate risk factors, pricing implications, and coverage considerations for specialized insurance scenarios

Translate complex insurance data into meaningful insights that drive strategic decision-making

Develop data visualization tools to communicate analytical findings to stakeholders at various levels effectively

Research industry trends and emerging risks to provide proactive recommendations on underwriting approaches

Support internal analytics initiatives by applying statistical techniques to uncover patterns and relationships within insurance data

Data Review and Workload Management with our internal Analytics partners

Serve as the primary liaison between our team and internal analytics partners, anticipating their data requirements and questions

Conduct comprehensive data validation checks to ensure completeness and accuracy

Identify and resolve data discrepancies or missing elements independently

Develop and implement standardized data preparation procedures to ensure efficient workload management, streamline the review process, and minimize delays

Qualifications

Required Qualifications

Bachelor's degree in Analytics, Statistics, Actuarial Science, Finance, Economics, Insurance, or related field

At least 4-6 years of experience in insurance analytics, data analysis, or a related role within the insurance industry

Demonstrated understanding of fundamental insurance concepts, including supply / demand dynamics, loss components, and their interrelationships

Proficiency in data analysis tools such as Excel, SQL, and Python

Experience with data quality assurance processes and validation methodologies

Strong analytical skills with the ability to interpret complex datasets and identify meaningful patterns

Preferred Qualifications

Insurance industry certifications such as ACAS, CPCU, or ARM

Experience working with claims data, policy information, and underwriting systems

Background in predictive modeling or machine learning applications in insurance

Knowledge of the forefront of technology innovations and related insurance implications

Experience with data visualization tools like Tableau or Power BI

Skills and Competencies

Exceptional attention to detail and commitment to data accuracy and integrity

Strong critical thinking and problem-solving abilities to address complex analytical challenges

Collaborate effectively across internal teams and external partners by understanding diverse stakeholder priorities and delivering solutions that align technical requirements with organizational objectives

Excellent communication skills to adapt communication approaches and translate technical findings into business insights

Self-motivation and the ability to work independently while managing multiple priorities

Collaborative mindset with the ability to work effectively with cross-functional teams

Advanced knowledge of insurance industry terminology, products, and regulatory considerations

Working Conditions

This full-time position primarily operates in an office environment. The role may require occasional travel to meet with partners or attend industry events. Some flexibility in work scheduling may be necessary to meet project deadlines.

Equal Opportunity Statement

Lockton Companies is proud to provide everyone anequal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learnsfrom, celebrates and thrives because of ourbreadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 12,500+ Associates doing business in over 140 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.

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Insurance Specialist • San Francisco, CA, United States