Actuarial Analyst

Overland Park, Kansas, United States of America

Actuarial

24021V

Apply now

Actuarial Analyst

Overland Park, Kansas, United States of America

Actuarial

24021V

Apply now

Working at Lockton

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

About the Position

Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives. To see the latest insights from Lockton's experts, check Lockton Market Update.

A few of the reasons Associates love working at Lockton include:

Opportunities for growth and advancement, including paid training and professional development
12-week paid parental leave
A huge emphasis on community involvement
Frequent athletic and wellness events
Incredibly generous rewards; US Associates receive a Rolex for their 10 year anniversary!

Business unit

Lockton Affinity, LLC

Schedule

Full-time

Job type

Standard

Workplace

Hybrid

Your Responsibilities

Lockton Affinity, based in Overland Park, Kansas, is seeking an Actuarial Analyst to join our team.

The Actuarial Analyst helps support Lockton Affinity’s goal of providing clear, actionable insights for our stakeholders. These insights will be used to facilitate informed decision-making and deliver improved outcomes. The analyst is responsible for producing detailed data insights and analysis to support the evaluation of current program performance and profit commission potential, and for providing data and analysis for new program submissions, program transitions and other business opportunities.

YOUR RESPONSIBILITIES

Proactively monitor and assess the performance of insurance programs to ensure alignment with organizational goals and objectives and deliver expected results in terms of profitability, growth, and operational efficiency.
Develop detailed actuarial-style data reports for carrier submissions, new business opportunities, and program evaluations. Ensure that data is accurate, comprehensive, and presented in a manner that supports key decision-making processes.
Conduct in-depth analysis of program performance, profit commissions, loss ratios, and other critical metrics. Use this data to identify trends, risks, and opportunities, providing management with actionable recommendations that support both short-term and long-term objectives.
Collaborate with stakeholders, including underwriting teams, senior leadership, and carrier partners to understand needs, identify opportunities, and develop strategic solutions. Effectively communicate performance results, analysis, and recommendations through detailed reports and presentations.
Build strong working relationships with carrier partners to align on strategic goals. Ensure that the data provided supports mutual objectives, optimizing the performance and profitability of the programs.
Work closely with IT teams to ensure that systems and reporting tools are optimized and updated as needed to support the evolving needs of the business. Prioritize and provide support for necessary changes to IT systems and management reports.
Ensure all data used for underwriting analysis and reports is accurate, consistent, and reliable. Implement checks and balances to maintain high data integrity across all reports and analysis.
Remain informed on industry developments and effectively communicate the implications both internally and externally.
Communicate and explain complex analytic concepts to stakeholders.
Compile, analyze, interpret, and present data trends to guide decision-making.

Qualifications

QUALIFICATIONS

Quantitative mindset as evidenced by a bachelor’s degree in actuarial science, math, statistics, analytics, data science, computer science, finance, or other business-related degree.
Strong critical thinking and problem-solving skills.
Highly effective oral and written communication skills.
A strong desire to work collaboratively with others.
Proficiency with Microsoft Office products, particularly Excel.
Self-motivation and the willingness to take initiative and ownership on projects.
Prior analytics experience, particularly in the P&C industry, is strongly preferred.
Prior experience with Power BI is preferred.
Actuarial exams are a plus, but not required.

The preceding job description has been designed to indicate the general nature and level of work performed by Associates within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of Associates assigned to this position.

Equal Opportunity Statement

Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Learn more about your Lockton experience

No Agencies Please

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.

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