Job Description

Why CIG?

At Capital Insurance Group we offer our employees more than just a job. We foster career growth, provide opportunities to give back to our communities, and help you take the next step in your career!

CIG was founded in 1898 by a group of earnest farmers in need of protection and today, we are the leading West Coast Property & Casualty insurer. CIG is certified as a Great Place to Work and provides a collaborative, inclusive, and fun work culture for all employees.

Why choose CIG’s Actuary and Analytics Team?

The Actuarial and Analytics team is where you can hone your problem-solving abilities, develop inspired solutions to emerging issues, and grow into a technical insurance leader within CIG.

Learn more about the role from one of our employees !

Benefits

• Accrue twenty-one days of Paid Time Off during your first year
• Up to eighty-seven percent of benefits covered by CIG for you and your family members
  • Medical, dental, vision plans
• One hundred percent covered plans
  • Basic Life & AD&D
  • Employee Assistance
  • Leave Management
  • Long Term Disability
  • Short Term Disability (Outside of CA)

• Family Caregiver Support (Homethrive)
• Child Care Resources (Tootris)
• Business Travel Accident Protection

• Voluntary benefit offerings
  • Short-term (CA only)
  • Voluntary Life AD&D self, spouse and child plans
  • Flexible Spending
  • Health Savings (HSA)
  • Hospital Indemnity
  • Accidental Injury

• Critical Illness
• ARAG Legal Services
• Norton LifeLock

• Nine paid holidays, plus two floating holidays
• Above and Beyond Reward Recognition Program
  • Kudos & Shout Out Points Program
  • Quarterly Above and Beyond Bonus Program
  • Annual Above and Beyond Bonus Program
• Competitive compensation
  • Base compensation
  • Salary Management Spot Bonuses
  • Annual Incentive/Profit sharing program, potential payout annually based on company results.
• Discount partnerships
  • Gym memberships, credit union, travel, shopping, restaurants, theme parks, and more
• Insurance Educational reimbursement and bonus programs
• Employee Referral Bonus Program
• Home and Auto Insurance Discount Program.
• Paid Volunteer Time – Through company planned community events and choose your own adventure PVT in giving back in ways that are meaningful to you!
• Retirement savings benefit (401k and Roth + match)
• Health & Financial Wellness
  • Wellness platform, tools and events
  • Health Savings Account – match
  • Financial Wellness Resources

Work Environment

This is a hybrid-eligible position, where Monday through Wednesday would be working in one of our offices, with Thursday and Friday eligible for work-from-home days. Office locations include: Reno (NV), Monterey (CA), and Phoenix (AZ).

Job Overview

Capital Insurance Group is seeking a candidate to join our Actuarial Division. You will work alongside our creative and entrepreneurial individuals in various cities. We look to partner with a candidate who fits with the CIG culture, excels as a decision enabler, and can effectively collect and communicate results to key stakeholders. Projects assigned will come from multiple actuarial disciplines.

Responsibilities

Required to lead multiple actuarial projects, contribute to the overall business strategy, identify growth, product and innovation opportunities. This individual is key owner in the actuarial department of one or more product, (e.g., personal auto, umbrella, dwelling fire, commercial auto, farm…etc.).

• Pricing – Conduct sound actuarial analyses and support finding, such as trend identification and overall rate adequacy, as part of the semi-annual rate review process.
• Reserving – Utilize actuarial reserving methods to project losses to ultimate as part of the quarterly reserve review process
• Advanced Analytics – Understand multivariate predictive modeling and machine learning techniques (e.g., GLMS, regression trees) and how they can be effectively applied across different business units.
• Enterprise Risk Management – Support analyses centered around identifying, mitigating, and monitoring enterprise level risk factors, such as Concentration Risk Management.
• Dashboarding – Tell a story with numbers. Create interactive and dynamic dashboards using Tableau (or similar visualization tool) to provide insightful information and enable data-driven decisions from key stakeholders
• Continued Education – Actively pursue research and education development opportunities. You will have access to a number of continuing education programs offered at CIG.
• Leadership – You will have opportunities to work on highly visible projects. You will have considerable freedom to pitch ideas and change the status quo.
• Feedback – Department and peer leaders will provide feedback to continually develop strengths and address areas of improvement to achieve a new level of success
• Job description is not prescriptive, but rather a guide as to the duties and responsibilities you will have, however it is not limited to the listed above.

Requirements

• Possess a Bachelor’s or Master’s degree in Actuarial Science, Computer Science, Data Science, Economics, Statistics, or related quantitative subjects.
• 5+ years of Actuarial experience with increasing levels of responsibility over time required
• Associate of the Casualty Actuarial Society (ACAS) required
• Fellow of the Casualty Actuarial Society (FCAS) preferred
• Extensive experience using SQL and a comprehensive understanding of relational databases is required
• Advanced knowledge of R, Python, or other statistical software is highly preferred
• Proficient knowledge of Tableau or another data visualization software is preferred
• Demonstrated ability to implement findings from predictive modeling analyses
• Must be a leader able to foster growth and provide mentorship to junior members of the team
• Complies with professionalism standards set by the Casualty Actuarial Society
• A valid driver’s license may be required.

Career Path potential:

• Senior Actuary
• Actuarial Manager

Salary Range: $101,574-$167,598

The salary range listed here has been provided to comply with local regulations and represents a potential base salary range for this role. Please note that actual salaries may vary within the range above or below, depending on experience and location. We look at compensation for each individual and base our offer on your unique qualifications, experience, and expected contributions. This position may also be eligible for other types of compensation in addition to base salary, such as benefits and bonus programs.

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