National Crop Insurance Services, Inc., seeks an Actuarial Analyst for Overland Park, KS. Requirements: Bachelor’s degree in Statistics, Mathematics or a related field; one year of experience as an actuarial analyst or in a comparable position with experience in the use of advanced mathematics, probability, statistics, and computer programming; completion of college coursework in advanced calculus, probability theory, and statistical theory (including integration and differentiation, linear algebra, vector spaces, matrix algebra, ordinary differential equations, proof of theorems, probability distributions, maximum likelihood estimation, confidence intervals, linear regression, law of large numbers, statistical correlation, Chebyshev's inequality, and the central limit theorem); college coursework in macro and micro-economics and applied methods for statistical or econometric analysis; familiarity with Microsoft EXCEL, Word, and PowerPoint; prior experience in design and development of computer procedures in a statistical software package such as SAS, R, S-Plus, Stata, EViews, or SPSS. Must demonstrate excellent oral and written communication skills. Travel within the U.S. to business meetings and training sessions may be required approximately five days per year.
The Actuarial Analyst provides support for actuarial analyses of Crop-Hail and MPCI program experience and assists in preparation of state filing support materials. Duties include the following. Collect and organize information in support of crop insurance analyses. Prepare charts, exhibits, worksheets, and reports to evaluate the crop insurance book of business and loss experience. Prepare analyses of Federal Crop Insurance Program experience under the direction of senior staff. Obtain, manipulate and perform complex analyses of data relating to crop yields and prices and agricultural insurance risk in support of both programs. Assist with Crop-Hail loss cost analysis procedures and state filing activities. Prepare actuarial analyses for specialized crop insurance products such as non-standard analyses of Crop-Hail loss costs for Peas and Lentils in Washington, Tree Fruit in California, Tobacco Wind and Setup in the Southeastern states, Cotton Wind in the Gulf Coast states, and the analysis of Minor Crops. Identify and evaluate new Policy Form codes and coverage identifiers. Evaluate loss cost estimation parameters, perform conversion of experience to a common level, conduct spatial smoothing of loss costs, and evaluate the indicated changes in Final Average Loss Costs by rating territory and in aggregate. Design, test, and prepare documentation of computer procedures in support of ad-hoc studies and ongoing analyses. Apply educational experience to research, understand, and apply mathematical, statistical, economic, and financial theories to enhance the analysis of crop insurance and related experience. Assist in the development and evaluation of actuarial and analytical methods for crop insurance data and related information. Participate in analyses of rating and underwriting methods related to crop insurance. Prepare evaluations of data availability and the effectiveness of statistical and other methods for analyzing data and prepare reports summarizing the methodology and results of the analyses performed. Participate in the re-engineering of existing reporting requirements and actuarial processes. Prepare statistical and time series analysis to identify causal and correlated variables to explain and predict crop insurance experience. Assist in the preparation of cost/benefit and other economic analyses to evaluate new insurance programs and strategies. Assist in the design of probabilistic, statistical, and econometric models to simulate crop insurance experience. Develop analytical methods to evaluate the financial impact of revisions to rating methodologies and policy language. Communicate with other staff regarding appropriate research and statistical methodology.
Applicants must have legal authority to work in the United States. Applicants should report or send resumes to the employer, National Crop Insurance Services, Inc., 8900 Indian Creek Parkway, Suite 600, Overland Park, KS 66210, attention Ms. Dana Ford.
Bachelor’s degree in Statistics, Mathematics or a related field; one year of experience as an actuarial analyst or in a comparable position with experience in the use of advanced mathematics, probability, statistics, and computer programming.
About National Crop Insurance Services
Service organization for crop insurance industry
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