Actuarial Manager (Hybrid)

Intact Insurance Specialty Solutions; Boston (MA); Hybrid; USD 155,000 - 205,000; Full time

Benefits offered by this job

Comprehensive medical, dental, and vision insurance

Competitive paid time off

401(k) savings with up to 12% annual contributions

Mental health support programs

Variety of additional voluntary benefits

Job summary

Intact Insurance Specialty Solutions is seeking an Actuarial Manager to join their Corporate Actuarial team in Boston, MA. This role involves leading actuarial analyses for pricing strategies and the recommendation of loss reserving.

The ideal candidate will hold a Bachelor’s degree in mathematics or statistics, have over five years of property and casualty actuarial experience, and possess advanced actuarial knowledge. This position offers a hybrid work schedule with competitive compensation and comprehensive benefits.

Qualifications

• Five or more years of property and casualty actuarial experience.
• FCAS or advanced ACAS is expected.
• Advanced knowledge of actuarial statistics/assumptions.

Responsibilities

• Lead actuarial analyses for pricing strategies and loss reserving.
• Develop long-term and short-term strategic business proposals.
• Utilize data to enhance actuarial analyses.

Skills

Actuarial analyses

Strategic business proposals

Data identification and correction

Training actuarial staff

Education

Bachelor’s degree in mathematics or statistics

Job description

The Opportunity

We currently have an opportunity for an Actuarial Manager to join our Corporate Actuarial team in our Plymouth, MN or Boston, MA office on a hybrid schedule. This job is responsible for directing the process of making strategic recommendations and developing moderately-to-highly complex managerial information based on actuarial and financial analyses. Some of the Actuarial Manager responsibilities include but are not limited to:

• Initiates, organizes and leads the performing of actuarial analyses to develop actuarial formulations leading to the recommendation of pricing strategies and loss reserving.
  • Identifies and initiates the best analytical approach to determine relationships, trends, and indications.
  • Identifies and corrects data issues.
  • Possible examples include: developing rating plans, developing rates, indicating IBNR, financial forecasting and participating in implementation.
• With consideration of corporate objectives, applies growing business knowledge to develop long term and short-term strategic business proposals and evaluate alternatives.
• Utilizes internal and external data and tools to design, enhance and initiate new actuarial analyses.
• Develops and trains actuarial staff with limited guidance.

The Expertise You Bring

• Bachelor’s degree required, preferably with emphasis in mathematics and statistics or similar background requiring modeling, programming, or quantitative analysis.
• Advanced knowledge of actuarial statistics/assumptions used for ratemaking, loss reserving and forecasting is essential.
• Five or more years of property and casualty actuarial experience.
• FCAS or advanced ACAS is expected.

Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires; however, your recruiter will provide more specific compensation details during the hiring process. The typical base salary range for this position is: $155,000 - $205,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Washington DC; our Massachusetts based offices and the New York City metro area, the base salary range is $180,000 - $211,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to:

• Comprehensive medical, dental and vision insurance with no waiting period
• Competitive paid time off programs
• 401(k) savings and annual contributions of up to 12% of annual salary
• Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits