Lead Pricing Actuary

North Carolina Farm Bureau Mutual Insurance Company, Inc. • Raleigh, NC

47d • Hybrid

About The Position

We are looking for a pricing actuary to facilitate the indication process across lines of business for North Carolina, with the opportunity for exposure to both auto and property lines in a single state market. You will be responsible for the assembly and improvement of traditional rate indication models, supplementing with predictive modeling approaches where appropriate, and providing filing support in a rapidly evolving marketplace. Collaboration on research projects with multiple departments can also be expected.

Requirements

• Bachelor's degree in Actuarial Science, Statistics, Mathematics, Economics, or other related field.
• At least ACAS strongly preferred. Near-ACAS, particularly with exam 5, will be considered.
• Minimum 5 years P&C pricing experience required.
• Strong understanding of standard actuarial techniques and assumptions.
• Broad understanding of insurance operations and their relationship with pricing implications.
• Advanced computing skills (Excel, SAS) in development of complex pricing models.
• Proficiency in a general programming language (SAS, SQL, Python, R).
• Excellent communication skills in breaking down complex ratemaking themes.
• Collaborative mindset in engaging with multiple personnel across broad insurance operations.

Nice To Haves

• Exposure to transactional level data querying and implementation of multiplicative rating plans (GLMs) strongly preferred.
• Prior managerial experience considered a bonus, though not an immediate requirement.

Responsibilities

• Enhance pricing models to modernize assumptions in developing recommendations to management.
• Utilize expertise in aggregating actuarial data to create/execute data driven processes underlying various components of product management.
• Communicate decisions and implications of recommendations to affected stakeholders.
• Monitor implemented product changes for expected outcomes.
• Advise on data requirements to complete development of actuarial models.
• Contribute to development of junior personnel in expanding actuarial functions related to the above.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 1,001-5,000 employees