Actuarial Middle & Large Property Pricing
About The Position
We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future. Middle & Large Business Actuarial has a rotational opening for an Actuarial Analyst supporting the property line of business. This is a strong individual contributor role which supports property pricing tools across M&L property segments. This role is focused on building and enhancing tools and models to allow underwriters to grow the book while maintaining strong profitability. This position will closely partner with Product, UW, ASM, ERM, and Segment Actuarial areas to enhance rating methodology and support profit and growth goals. The position will develop a deep understanding of account-level pricing mechanics and market dynamics across Property segments, building a core foundation of pricing skills. This position is ideal for someone who is looking to gain expertise working in a line of business, has a desire to influence the business and drive new and sophisticated rate/pricing analyses and tools across the organization.
Requirements
- Bachelor’s Degree required.
- Actuarial exam path to become a credentialed actuary with at least 2 passed exams required.
- Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex issues.
- Strong Excel skills required.
- Excellent written and verbal communication skills.
- Attention to detail with strong time and project management skills.
- Driven, intellectually curious, passionate, resourceful and creative.
- Proactive individual, who challenges existing processes, can influence others and drive a process to a conclusion while meeting critical deadlines
Nice To Haves
- Knowledge of SQL, VBA, R, Python, SAS or similar code languages a plus.
Responsibilities
- Maintain and enhance property benchmark pricing tools for Property Choice, Large Property, and Inland Marine
- Perform regular assumption analyses, and suggest new approaches to better differentiate losses, expenses, reinsurance costs, and profit loads across exposures.
- Partner closely with ERM and ASM to incorporate modeled xCAT and CAT losses.
- Enhance consistency across property lines by bringing alignment across tools.
- Strengthen controls, documentation, and repeatability of benchmark update processes to improve efficiency, reduce key-person risk, and support auditability over time.
- Support implementation of pricing tools, including PolicyCenter PPD calculator, LP and Marine tools, and other PolicyCenter rating support as needed.
- Conduct dislocation analysis for updates, prepare communication materials, and present results to Actuarial leaders, Product, UW, and Segment Actuarial teams
Benefits
- short-term or annual bonuses
- long-term incentives
- on-the-spot recognition
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
