Actuary, Modeling

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. 

Job Summary
 

Position can be at a higher level commensurate with experience. 

Location: Webster MA preferred or within a commutable driving distance. Can be remote.

The Actuary for Personal Lines develops actuarial models in accordance with CAS (Casualty Actuarial Society) principles. These models will directly contribute to the overall performance of the actuarial area, with the potential to positively impact other departments across the organization and overall, the results of the company. Will be accountable for ensuring that the models are kept up-to-date and free of errors. Acts as the SME (subject matter expert) for the actuarial models built, detailing the inputs and conclusions to others in the organization.

Knowledge, Skills and Abilities

Education: Bachelor's plus Certificate, e.g., INS 21, 22, 23, or equivalent, related experience
Experience: 2-3+ years. Passed MAS I and MAS II or proficient knowledge of equivalent material
Knowledge: General knowledge of industry practices, standards, and concepts within field of work. Applies them to perform work requiring analytical business skills

 

Additional Knowledge, Skills and Abilities
 

Required 

• Experience with GLM's. Also complicated quantitative analyses for insurance companies preferably related to similar products
• General knowledge of either SAS or SQL
• General knowledge of insurance operations and insurance regulation
• Ability to use these skills to modify existing processes or innovate new processes 
• Thorough knowledge of Microsoft Office

Preferred

• California Auto experience a plus, especially Modeling 
• Credit for at least four+ exams on the current CAS syllabus
• Experience with Earnix or Emblem 
• Programming ability in SAS, SQL, R or Python
• Experience with cloud-based platforms such as AWS     
• Proactive in recognizing existing or emerging issues with analysis processes and remediation                      
• Represents actuarial area as prime contact for completed analyses         
• Ability to communicate with senior management and external personnel

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.