AVP - Actuarial Pricing

EMC Insurance Companies • Des Moines, IA

1d • $164,948 - $260,703

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 Education & Experience: The education and experience below are required for the job unless labelled as preferred: 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 Knowledge, Skills & Abilities: The knowledge, skills, and abilities below are required for the job unless labeled as preferred: 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 The hiring salary range for this position will vary based on geographic location, falling within either of the following: $164,948 - $237,006 or $182,317 - $260,703 A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs. For information relating to the benefits EMC Team Members receive as part of a comprehensive rewards package, please visit www.emcins.com/careers. Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws. All of our locations are tobacco free including in company vehicles. Why should you choose to apply for a position at EMC? We can give you plenty of reasons why EMC is a great place to work: More than 105 years of financial strength and stability Named a five-star insurance carrier by Insurance Business America Two-time recipient of the Best Practices Award of Excellence from the Independent Agents & Brokers of America Multiple locations recognized as Top Workplaces based solely on team member feedback Corporate culture that engages and empowers team members to achieve their best Outstanding benefits with life, medical, dental, vision and prescription drug coverage Competitive paid time off plan and a full day of volunteer time off annually Financial incentives, including a 401(k) plan match, pension plan, OneEMC bonus plan and recognition and anniversary awards Professional development and growth opportunities, including tuition reimbursement Wellness initiatives to improve team member well-being and reduce health insurance costs Flexibility to dress for your day and opportunities for alternative work arrangements EMC complies with labor law requirements. View the federal and e-verify labor law posters. California Residents - California Consumer Privacy Notice: (EMCC) – California Consumer Privacy Notice (EMCNL) - California Consumer Privacy Notice

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

Benefits

• Outstanding benefits with life, medical, dental, vision and prescription drug coverage
• Competitive paid time off plan and a full day of volunteer time off annually
• Financial incentives, including a 401(k) plan match, pension plan, OneEMC bonus plan and recognition and anniversary awards
• Professional development and growth opportunities, including tuition reimbursement
• Wellness initiatives to improve team member well-being and reduce health insurance costs
• Flexibility to dress for your day and opportunities for alternative work arrangements

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level