Property Casualty Insurance Actuary

Are you an experienced actuary looking for a challenging and rewarding opportunity? Join the State of Pennsylvania as a Property Casualty Insurance Actuary and make a meaningful impact on the insurance industry. As a key member of our team, you will utilize your strong analytical skills and extensive knowledge of insurance principles to ensure the financial stability and success of our state's property and casualty insurance programs. If you are a dedicated and detail-oriented professional with a passion for risk management and data analysis, we want to hear from you!

1. Conduct thorough analysis of data and trends in the property and casualty insurance industry to inform decision-making and policy development.
2. Utilize actuarial techniques and methods to evaluate and manage risk for the state's property and casualty insurance programs.
3. Develop and maintain actuarial models and tools to accurately assess the financial stability and performance of insurance programs.
4. Collaborate with other team members to provide recommendations for pricing, underwriting, and reserving strategies.
5. Stay up-to-date on industry regulations and standards to ensure compliance with state and federal laws.
6. Communicate complex actuarial concepts and findings to non-technical stakeholders in a clear and concise manner.
7. Monitor and analyze insurance market trends and developments to identify potential risks and opportunities.
8. Assist in the development and implementation of new insurance products and programs.
9. Participate in audits and reviews to ensure accuracy and integrity of actuarial work.
10. Mentor and train junior actuarial staff to support their professional development.
11. Continuously assess and improve actuarial processes and procedures to enhance efficiency and accuracy.
12. Collaborate with external partners, such as insurance carriers and industry associations, to gather and share relevant data and insights.
13. Maintain confidentiality and adhere to ethical standards in handling sensitive information.

According to JobzMall, the average salary range for a Property Casualty Insurance Actuary in Harrisburg, PA, USA is typically between $88,000 and $138,000 per year. This range is based on various factors such as experience, education, and certification. The salary may also vary depending on the specific company and industry. Some factors that may affect the salary range include job responsibilities, location, and demand for actuaries in the area. It is important to note that this salary range is an estimate and may vary based on individual circumstances.

Pennsylvania, a northeastern U.S. state and one of the 13 original colonies, has a diverse terrain, which includes wide stretches of farmland, national forests and mountains. Philadelphia, the Keystone State’s largest city, displays its rich history in Independence Hall (where the Declaration of Independence and Constitution were signed) and the Liberty Bell, an enduring symbol of American freedom.