Career Area: Finance Job Description: Your Work Shapes the World at Caterpillar Inc. When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it. Your Work Shapes the World at Caterpillar Inc. Our common values and focus on inclusion and respect drive the decisions made by our company, teams and people. This is why we are committed to hiring and building diverse teams representative of the customers we serve globally. When you join our team, you can apply your unique life and job experiences and work in an environment where your ideas are heard, your contributions are celebrated, and your whole-self matters. When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it. About Cat Financial Cat Financial is a subsidiary of Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For more than 40 years, Cat Financial has provided a wide range of financing solutions to customers and Cat® dealers for machines, engines, Solar® gas turbines, genuine Cat parts and services. Headquartered in Nashville, Tennessee, Cat Financial serves customers globally with offices and subsidiaries located throughout North and South America, Asia, Australia, Europe and Africa. Visit cat.com to learn more about Cat Financial. JOB SUMMARY: Develop rate review analysis; develop and maintain management reports and competitive pricing data; and assist senior staff with pricing of product development and actuarial services provided to Caterpillar Insurance customers and liability reserve analysis. PRINCIPAL DUTIES AND RESPONSIBLITIES: Works under general direction to develop rate review analysis for each of the core Caterpillar Insurance programs. This analysis includes a review of the overall rate adequacy, as well as a review of the rate classifications, to insure an equitable pricing structure. During the analysis, actuarially accepted rate making methods are applied and data appropriate for rate making are developed. Incorporated into the analysis are any considerations that may impact the adequacy of the rate level. This responsibility requires participation in the Pricing Committee’s review of the analysis and development of final pricing recommendations. Develops and maintains management reports displaying the historical financial experience of the core lines of business. These reports are utilized by the company in the marketing and profitability management of the core lines of business. Works with senior staff in the development and maintenance of queries and reports that utilize actuarial data and projections, to extract data from the Insurance Solutions database. These reports are utilized in actuarial studies and by other CISC personnel for management purposes. Assists senior staff with the pricing of reinsurance treaties between Caterpillar Insurance Company Ltd. (CICL) and other insurance companies to help assure the profitability of CICL. Assists senior staff in the development of reserve analysis for the purpose of determining the CICL liability for unpaid claims. Assists senior staff in pricing for product development and actuarial services provided to Caterpillar Insurance customers. This includes the collection of competitive pricing data. Participates in accomplishment of continuous improvement objectives for the department. Progress toward accomplishment of these is measured through maintenance of necessary measurements and analysis of associated data. Participates in the identification of problem areas and development of resolutions to address them. Understands the Harassment policy of the company and is responsible for its application in all aspects of employment. JOB REQUIREMENTS: SKILLS, ABILITIES, AND KNOWLEDGE: Demonstrated ability to apply effective oral, written, and listening communication skills to maintain a good rapport within the finance and insurance communities through contact both individually and through various associations. Knowledge and ability to utilize windows-based computer software to produce documents, reports and spreadsheets. Knowledge of and ability to apply time management, organization and planning skills. Ability to operate office equipment, including a financial calculator, telephone system and computer system, including desktop and/or laptop models. Ability to work independently. Proven ability to apply organization, planning and time management skills. Demonstrated ability to perform advanced statistical and mathematics computations. EDUCATION/EXPERIENCE: A 4-year college or university degree in statistics, mathematics or other related field and a minimum of 2 years exempt actuarial experience is recommended. Completion of at least 1 actuarial exam sponsored by the Casualty Actuarial Society is recommended. Equivalent experience may be substituted for education and/or exams. Additional Information: Job Location can be Remote DISCLAIMER: The preceding job description has been designed to describe the general nature and level of work being performed by people assigned to this job. It is not designed to contain or be interpreted as an exhaustive summary of all responsibilities, duties and effort required of employees assigned to this job. At the discretion of management, this description may be changed at anytime to address the evolving needs of the organization. #LI Visa Sponsorship is not available for this position. This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as, H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S which can be found through our employment website at www.caterpillar.com/careers. EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply. Not ready to apply? Join our Talent Community (http://flows.beamery.com/caterpillarinc/talcom) . There’s more to work at Caterpillar than just the work itself. We hire smart, friendly people and it shows in our culture. We hold ourselves to high standards and make sure our values of integrity, excellence, teamwork, commitment and sustainability come to life in the way we work. We make sure our employees feel continuously challenged while also supported. We provide professional growth opportunities, including leadership programs. We celebrate the diversity of our team, while also working together as one Caterpillar. Our culture, like everything at our company, is made possible by each employee’s contribution. Person by person, we create the environment we work in, and we are proud of the Caterpillar we’ve built. Source link