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Actuary Analyst

Date: Nov 20, 2021

Location: Webster, MA, US

Company: MAPFRE

The Actuarial Analyst assists in developing actuarial analyses, with a focus on reserving, in accordance with CAS (Casualty Actuarial Society) principles. These analyses will directly contribute to the overall performance of the actuarial area. As the analyses typically rely upon complex processes, with the potential to change in connection with the organization’s needs, the Actuarial Analyst will learn how to make changes necessary to keep the analyses up-to-date and free of errors. The Actuarial Analyst is therefore expected to understand the analyses undertaken, with the ability to detail the inputs to others in the actuarial area.


Essential Responsibilities

The following responsibilities are performed under the direction of the Actuarial Manager:


  1. Supports analyses of losses and loss adjustment expenses to support
    1. Quarterly reserve setting
    2. Monthly roll forwards
    3. Annual statutory reserve opinion
    4. Quarterly review of reserves for MAPFRE Puerto Rico
  2. Supports financial planning analyses to support annual budget preparation
  3. Supports analyses related to MAPFRE SA’s reporting requirements to the EU under Solvency II


Knowledge and Technical Skills


  • Bachelor's Degree or higher
  • 0 - 2 years of experience in related roles
  • General knowledge of Microsoft Office
  • Experience carrying out complicated quantitative analyses, preferably related to financial math or insurance
  • General knowledge of either SAS or SQL
  • Ability to use these skills to modify existing processes or innovate new processes


  • Credit for at least one exam on the current CAS syllabus
  • General knowledge of insurance operations and insurance accounting
  • General knowledge of insurance regulation


If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com.


We are proud to be an equal opportunity employer.


Nearest Major Market: Worcester

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