Actuary, Rating/Data Team

At MAPFRE, our commitment to care is not just our purpose; it’s the driving force behind everything we do. We care about the things that resonate with the needs of our employees, our customers and the community. 

• For Employees: We cultivate an inspiring and dynamic workplace where collaboration and innovation fuel the success of our high-performing teams. 

• For Customers: In addition to being Massachusetts’ #1 home and auto insurer, we provide unmatched peace of mind to our customers across the U.S. 

• For the Community: Our culture of care extends to impactful community engagement and environmental initiatives locally and globally. 

This is who we are at MAPFRE, and we invite you to be part of a movement that cares deeply and acts boldly. Together, we make a difference. 

Position can be at a higher level commensurate with experience.      

Position is located in Webster, MA or within a commutable distance to accommodate an in office Hybrid schedule. 

Can be remote.  

As an Actuary on the Earnix Rating team, supports rate testing and premium validation for selected property and casualty insurance products offered by MAPFRE USA. 

The purpose of the testing is to ensure that the insurance premiums quoted to existing and potential customers are accurate.  The person in this role will leverage a blend of business and technical competency to carry out their daily tasks. 

Responsibilities:

• Updating rates/factors/formulas to align with IT production changes
• Running, modifying and creating SQL queries in the cloud
• Debugging rating errors for individual customer policies as part of root cause analysis
• Learning the details of premium calculations and working towards becoming a rating   expert
• Updating existing, repetitive work efforts and projects with an eye towards efficiency
• Spotting obvious errors and anomalies when retrieving and manipulating data
• Understanding and using appropriate insurance and actuarial terminology in the context of analysis and explanations
• Providing weekly progress updates to manager and the Market Pricing Project Manager
• Attending department trainings and allocating time to learning about actuarial concepts
• Pursuing exams on the CAS syllabus required
• Must have high level of attention to detail
• Home or Auto experience

Experience and Qualifications:

•  Depending on level of Actuary experience and/or equivalent related knowledge
•  Math, Economics or Computer Science degree preferred
•  Some knowledge of Excel and experience using a programming languages/software such as SQL, SAS, Python, Earnix, R, Radar or Emblem

Education:

Bachelor's Degree or professional level of knowledge in a specialized field, or equivalent related experience

Thank you for considering MAPFRE Insurance as part of your career journey. 

We're proud to be rated "A" (Excellent) by A.M. Best Company. We offer property and casualty insurance, working with over 3,000 independent agents and brokers in 11 states.  

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.