P/C Senior Actuary
About The Position
Develops basic to very complex actuarial formulas leading to the recommendation of extensive and impactful strategies. Provides consultation and clarification on actuarial models and risk issues, and influences management towards courses of action that have potentially sizeable impact on products, markets, underwriting, pricing, risk management, carried reserves and/or profitability. May direct simple to complex actuarial projects simultaneously, cross-functionally, as well as aspects of very broad, large and complex initiatives. May specialize in pricing/product development including determining rating and pricing structures and premiums, and/or the origination and evaluation of rate structures for new product ideas, which are complex and strategic. In addition, supports research in the development in actuarial techniques, standards, and assumptions, and in the legal and regulatory environment. Supports Product Line and State Managers in determining the product line's premium rates and pricing structures, profit forecasts, and other product line actuarial determinations.
Requirements
- Typically requires 5+ years of relevant experience or a combination of related experience, education and training.
- Most incumbents have completed coursework for attaining their ACAS credential and are working towards fulfilling requirements for their FCAS credential.
Nice To Haves
- Preference given to candidates with prior Auto and Home pricing experience though applicants with other property casualty experience will be considered.
Responsibilities
- Researches and analyzes various types of data to produce rate adjustment proposals, reserve estimates or economic capital models; and/or actuarial support for filings with state insurance departments; and/or to implement new rates and rating plans, using existing procedures, recommending changes where appropriate.
- Analyzes data towards developing and proposing solutions for actuarial or product line management.
- Pursues a Casualty Actuarial Society designation at least through Associate of the Casualty Actuarial Society (ACAS) level. Maintains appropriate Continuing Education credit to maintain Actuarial credentials.
- Researches and analyzes data for special projects within a defined scope. Serves as Property/Casualty Actuarial representative for project committees as assigned.
Benefits
- insurance benefits (medical, dental, vision, disability, and life)
- 401(k) with company match
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
