Workers' Compensation Actuary Specialist

Are you an experienced Actuary looking for a challenging and rewarding career? Farmers Insurance is seeking a highly skilled Workers' Compensation Actuary Specialist to join our dynamic team. In this role, you will play a crucial role in analyzing and evaluating the financial risks associated with workers' compensation claims. As a key member of our actuarial team, you will have the opportunity to work on complex projects and provide valuable insights to drive business decisions. If you have a strong analytical mindset, excellent communication skills, and a passion for solving complex problems, we want to hear from you! Join us at Farmers Insurance and take your actuarial career to the next level.

1. Conduct in-depth analysis and evaluation of workers' compensation claims to identify potential financial risks and provide recommendations for risk mitigation.
2. Collaborate with cross-functional teams to develop and implement effective strategies to manage and reduce workers' compensation costs.
3. Utilize advanced actuarial techniques and tools to perform complex calculations and projections for future claims and reserve needs.
4. Stay up-to-date with industry trends, regulations, and emerging developments in workers' compensation to inform data-driven decision making.
5. Communicate complex actuarial concepts and findings to non-technical stakeholders in a clear and concise manner.
6. Develop and maintain actuarial models and databases to support ongoing analysis and reporting.
7. Identify opportunities for process improvements and implement changes to increase efficiency and accuracy.
8. Participate in special projects and initiatives as assigned by management.
9. Mentor and train junior team members to enhance their actuarial skills and knowledge.
10. Adhere to all regulatory and compliance requirements related to workers' compensation and actuarial standards of practice.

According to JobzMall, the average salary range for a Workers' Compensation Actuary Specialist in Los Angeles, CA, USA is $120,000 - $140,000 per year. This figure may vary depending on factors such as experience, qualifications, and the specific company or organization the individual works for.

Farmers Insurance Group is an American insurer group of automobiles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees.