AVP - Actuarial Pricing
About The Position
At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together. Essential Functions: Oversees and facilitates all actuarial involvement in the establishment, execution, and oversight of the necessary profitability strategies/targets to achieve enterprise goals for the middle market regions, considering marketing goals, underwriting appetite standards and competitive rate studies. Oversees the actuarial support for rate filings and leads the implementation of rate changes and preparation of both internal and external documents & manuals. Collaborates with actuarial peers in the analysis and selection of various expense and forecasting methods and assumptions, including credibility, trends, and large loss and cat loads for the middle market regions. Oversees the implementation of these methods in the middle market rate review process. Partners with Actuarial peers in the development of initial expected loss ratio (IELR) forecasts, selection of middle market inputs for forecasting, trends, and ongoing performance monitoring. Provides support to the Actuary Rating and Actuarial Applications team in the development and support of rates, rate algorithms, rate impact, and rate assessment capabilities. Oversees the quality, consistency, and accuracy of the team’s work products. Provides strategic actuarial support in the implementation of enhanced and new insurance products and coverages. Develops service standards collaboratively with the middle market regions to optimize meeting their needs and operational efficiency. Fosters an environment of collaboration with regional branch leaders, marketing, and underwriting in establishing and implementing strategies for regional profitability and growth. Oversees budget, ensuring resources are allocated strategically. Builds culture and fosters team expertise. Leads and develops a high-performing team, supporting team development and succession planning. Performs all duties expected of a people leader at EMC
Requirements
- Bachelor’s degree in mathematics, actuarial science, statistics, or a related field
- Ten years of progressively responsible experience in the actuarial area of a property and casualty insurance company with five years in a leadership capacity
- Attainment of FCAS
- Superior knowledge of actuarial pricing and ratemaking methods, regulatory and filings procedures/requirements, and rating algorithms.
- Detailed knowledge of commercial lines P&C insurance products, coverages, and services
- Superior verbal and written communication skills
- Strong relationship management skills and talent development skills
- Excellent critical thinking and problem-solving abilities
- Exceptional organizational skills with the ability to meet deadlines by way of a results-oriented focus
- Occasional travel required; a valid driver’s license with an acceptable motor vehicle report per company standards required if driving
Responsibilities
- Oversees and facilitates all actuarial involvement in the establishment, execution, and oversight of the necessary profitability strategies/targets to achieve enterprise goals for the middle market regions, considering marketing goals, underwriting appetite standards and competitive rate studies.
- Oversees the actuarial support for rate filings and leads the implementation of rate changes and preparation of both internal and external documents & manuals.
- Collaborates with actuarial peers in the analysis and selection of various expense and forecasting methods and assumptions, including credibility, trends, and large loss and cat loads for the middle market regions.
- Oversees the implementation of these methods in the middle market rate review process.
- Partners with Actuarial peers in the development of initial expected loss ratio (IELR) forecasts, selection of middle market inputs for forecasting, trends, and ongoing performance monitoring.
- Provides support to the Actuary Rating and Actuarial Applications team in the development and support of rates, rate algorithms, rate impact, and rate assessment capabilities.
- Oversees the quality, consistency, and accuracy of the team’s work products.
- Provides strategic actuarial support in the implementation of enhanced and new insurance products and coverages.
- Develops service standards collaboratively with the middle market regions to optimize meeting their needs and operational efficiency.
- Fosters an environment of collaboration with regional branch leaders, marketing, and underwriting in establishing and implementing strategies for regional profitability and growth.
- Oversees budget, ensuring resources are allocated strategically.
- Builds culture and fosters team expertise.
- Leads and develops a high-performing team, supporting team development and succession planning.
- Performs all duties expected of a people leader at EMC
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What This Job Offers
Job Type
Full-time
Career Level
Manager
