Preferred Mutual Insurance Company

Actuary

• Provide actuarial support for Preferred Mutual’s commercial lines business segments
• Own and develop expertise in commercial lines insurance rating plans and rate indications
• Compile rate filing support for program changes
• Work with Underwriting and Analytics to review segment performance and suggest product changes
• Support analyses of emerging market trends, competitor pricing strategies, and industry developments
• Ensure compliance with regulatory requirements and actuarial standards
• Manage assigned projects, deadlines, and quality deliverables
• Help management and business teams understand results through effective analysis and communication
• Become proficient in company data sources
• Partner with Data & Analytics to create actuarial reports and dashboards
• Monitor emerging claims and premium trends
• Monitor Pricing/Underwriting Model performance and initiate changes as necessary
• Participate in building new pricing and underwriting models
• Enhance actuarial tools using new technologies
• Progress through CAS actuarial exams and conduct industry research while applying learning on the job

Senior Actuarial Analyst – Commercial Lines

Claims Specialist

• Investigate and resolve property claims promptly and fairly
• Evaluate files for accurate and timely claim reserving
• Manage indemnity and loss expenses
• Conduct investigations to determine liability and claim valuation
• Adjust schedules to accommodate customer needs and fluctuations in work volume
• Handle claims of moderate severity and complexity with authority up to $45,000
• Manage claim procedures, file administration, documentation, and reporting
• Apply knowledge of Preferred Mutual products and coverages
• Meet file quality standards established by internal and external audits
• Maintain workload according to Key Performance Driver standards
• Identify fraud indicators and use claim-management data to inform decisions
• Handle low- to moderate-complexity property losses
• Review Independent Adjuster and vendor reports to determine coverage positions
• Review estimates for accuracy and identify reserve-change triggers
• Draft basic coverage position letters
• Identify and pursue third-party contribution and recovery, including subrogation
• Handle litigated or potentially litigated files and coordinate management involvement
• Build relationships with internal and external business partners
• Partner with Independent Adjusters and stakeholders to deliver positive customer experiences
• Participate in discussions with Marketing and Agency personnel
• Participate in training efforts for new hires and existing staff

Senior Actuarial Analyst – Commercial Lines

Property Claims Representative