Senior Actuary

Blue Cross Blue Shield of Michigan•Lansing, MI

18h•Onsite

About The Position

AF Group is seeking an experienced Senior Actuary to support the development and growth of its expanding commercial multiline portfolio. The role applies property and casualty pricing expertise to commercial product development and pricing strategy, working closely with Actuarial, Product, Underwriting, Regulatory, and other business partners. The position translates market and competitive intelligence into pricing strategies, underwriting guidance, and practical tools, and helps develop increasingly experience-based pricing and portfolio management as internal portfolio data emerges. The Senior Actuary performs analyses supporting pricing, reserving, product development, reinsurance, capital management, forecasting, and other financial or business purposes. The role communicates recommendations and findings through presentations, reports, and pricing tools; documents work and improves department procedures; maintains and enhances actuarial models; monitors portfolio and industry results; and provides guidance to actuarial analysts. The position also contributes to strategic plans, corporate projects, committees, peer reviews, and special projects, while maintaining professional actuarial standards and continuing education requirements. Work is performed in an office setting with no unusual hazards. Minimal travel is required. The estimated pay range is $150,000 to $200,000. This position is hired on an at-will basis and the job description does not constitute a contract for employment.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, or a related area.
Either FCAS/FSA designation and a minimum of eight years of P&C actuarial experience, or an Associate designation in the CAS or SOA and a minimum of twelve years of P&C actuarial experience.
Excellent oral and written communication skills.
Ability to make competent, independent decisions.
Advanced knowledge of actuarial principles and practices in one or more of the following areas: reinsurance, reserving, ratemaking, financial reporting, capital management, underwriting, and claims practices.
Ability to perform actuarial and statistical analyses.
Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.
Ability to communicate effectively with actuaries and non-actuaries verbally, in writing, and through presentations.
Expert-level skill in Excel and proficiency with Outlook, Word, and PowerPoint.
Ability to learn new software.
Maintain good standing with the Actuarial Society and meet annual continuing education and professional conduct requirements.

Nice To Haves

Programming skills in SQL and/or statistical software such as R or Python.
Experience supporting product development and the growth of multiline business.

Responsibilities

Provide actuarial leadership for multiline product development and pricing strategy, including Commercial Auto, General Liability, Property, and other commercial lines as the portfolio expands.
Evaluate competitive pricing approaches and translate market research into potential filing strategies, pricing tools, and actionable underwriting guidance.
Partner with Product and Underwriting to identify opportunities for segmentation, pricing differentiation, and profitable growth.
Build and evolve the multiline pricing framework as internal experience emerges, including rate indications, portfolio monitoring, pricing diagnostics, and recommendations for pricing strategy changes.
Perform actuarial analyses for pricing, loss reserving, product development, reinsurance, capital management, and other financial or business purposes.
Make recommendations and present findings to appropriate audiences through presentations, reports, and pricing tools.
Document work and establish or improve internal department procedures.
Help design, enhance, and maintain pricing, reserving, reinsurance, and forecasting models.
Work with business units to create and drive strategic plans and metrics.
Monitor premium and loss ratio projections and communicate status to business units and senior management.
Monitor industry results and trends and the Company's relative performance to the industry.
Monitor resulting action plans.
Provide guidance to and mentor other actuarial analysts.
Represent Actuarial on corporate projects as needed.
Attend meetings and serve on committees as necessary, representing the Actuarial department.
Perform advanced special projects as needed.
Maintain good standing with the Actuarial Society, complete annual continuing education requirements, attest as required, and follow the Code of Professional Conduct and relevant actuarial standards of practice.
Proactively identify analytical projects to solve business problems.
Develop relationships within and outside Actuarial & Data Science to increase understanding of the Company, its goals, and concerns.
Assist in creating a department strategic plan that supports corporate initiatives.
Participate in peer reviews of actuarial work product.