Actuarial Analyst II | Workers' Compensation

Summary

EMPLOYERS is a provider of workers' compensation insurance and services. The Actuarial Analyst II supports quarterly and annual loss reserve analyses, financial bookings, and regulatory reporting by analyzing company and industry data. The role collaborates with Finance, Accounting, Claims, and external auditors while improving reserving processes and managing related projects.

Responsibilities

• Prepare quarterly and annual loss reserve analyses, on a gross and net-of-reinsurance basis, to support company balance sheet liabilities, applying standard actuarial methods (e.g., loss development, Bornhuetter-Ferguson, expected loss ratio) using ResQ and other actuarial reserving systems and internal/external (bureau) data sources
• Partner directly with Finance and Accounting throughout the quarterly close process — reconciling reserve estimates to the general ledger, responding to inquiries, and meeting close deadlines under minimal guidance
• Prepare and review actuarial exhibits and support for quarterly/annual financial statements and actuarial reports
• Respond to requests from other departments and external auditors
• Act as technical/peer reviewer of others' reserving work — verifying calculations, data inputs, and assumptions, and asking probing questions to catch errors before deliverables are finalized
• Identify and implement improvements to reserving processes, exhibits, and documentation that enhance accuracy, reduce error risk, and improve close-cycle efficiency
• Manage reserving-related projects and deliverables, including scheduling, documentation, and tracking against quarterly close deadlines
• Perform analysis supporting the budget loss ratio and other Financial Plan components
• Other duties as assigned or as business needs arise

Skills

• Bachelor's degree
• Minimum 2 years of actuarial experience [in the property and casualty insurance industry] required
• Demonstrated attention to detail and accuracy, particularly when working with data that feeds directly into financial statements
• Solid working knowledge of Excel, Word, and PowerPoint
• Current knowledge of, or capacity to learn, tools such as SQL, VBA, R, Python, and AI tools (e.g., Claude) to improve actuarial workflows
• Capable of working independently with minimal supervision, and of communicating analysis and issues clearly to management
• Works well in a team-oriented, collaborative environment with effective written and verbal communication skills
• Remote: This role is 100% remote, open to candidates currently located in the United States who are able to work without sponsorship
• Requires a private, quiet workspace suitable for focused work and video collaboration
• Travel: Occasional travel to off-site locations for meetings may be required
• Preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business
• Reserving experience strongly preferred
• Successful completion of four or more exams toward ACAS/FCAS strongly preferred
• Familiarity with ResQ or a comparable commercial reserving platform preferred
• Prior experience collaborating with Finance/Accounting, especially during a quarterly or month-end close process, is a plus

Qualifications

Must Haves

• Bachelor's degree
• Minimum 2 years of actuarial experience [in the property and casualty insurance industry] required
• Demonstrated attention to detail and accuracy, particularly when working with data that feeds directly into financial statements
• Solid working knowledge of Excel, Word, and PowerPoint
• Current knowledge of, or capacity to learn, tools such as SQL, VBA, R, Python, and AI tools (e.g., Claude) to improve actuarial workflows
• Capable of working independently with minimal supervision, and of communicating analysis and issues clearly to management
• Works well in a team-oriented, collaborative environment with effective written and verbal communication skills
• Remote: This role is 100% remote, open to candidates currently located in the United States who are able to work without sponsorship
• Requires a private, quiet workspace suitable for focused work and video collaboration
• Travel: Occasional travel to off-site locations for meetings may be required

Nice to Haves

• preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business
• reserving experience strongly preferred
• Successful completion of four or more exams toward ACAS/FCAS strongly preferred
• Familiarity with ResQ or a comparable commercial reserving platform preferred
• Prior experience collaborating with Finance/Accounting, especially during a quarterly or month-end close process, is a plus

Benefits

• 100% remote work opportunity
• A comprehensive benefits package