Actuarial Manager (Hybrid) in Minneapolis

Energy Jobline ZR; Minneapolis (MN); Hybrid; USD 155,000 - 205,000; Full time

Benefits offered by this job

Medical benefits

Dental/vision insurance

401(k) with match

Paid time off

Job summary

Intact Insurance Specialty Solutions seeks an Actuarial Manager to join our Corporate Actuarial team in Plymouth, MN or Boston, MA on a hybrid schedule. You will direct the process of making strategic recommendations based on actuarial analyses to support pricing, reserving and financial forecasting.

You will lead actuarial analyses, train staff, and apply data and tools to design new analyses while aligning with corporate objectives and market needs.

Qualifications

• Bachelor’s degree in mathematics/statistics or similar with modeling/quantitative analysis experience.
• Five or more years of property and casualty actuarial experience.
• FCAS or advanced ACAS designation expected.

Responsibilities

• Lead actuarial analyses to develop pricing strategies and loss reserving.
• Identify data issues and determine analytical approaches.
• Apply business knowledge to develop strategic proposals and evaluate alternatives.
• Develop and mentor actuarial staff with limited guidance.

Skills

Math degree background

Actuarial experience

FCAS ACAS

Education

Bachelor's degree in mathematics/statistics

Job description

Job DescriptionJob Description

Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community.

Feel empowered to learn and grow while being valued for who you are. At Intact, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It’s our promise to you.

Who we are

At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups.

Intact’s Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team.

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 insurance, paid parental leave and a variety of additional voluntary benefits

This position will remain posted until a final candidate is selected. Once the role is filled, this job posting will be removed.

Why choose Intact

We live our Values:

We are committed to acting with the highest of ethical standards through our five core values: integrity, respect, customer driven, excellence and social responsibility.

Our commitment to :

Founded in our values, we see as a strength and aspire to create an environment where everyone can be themselves, grow and succeed. Together, we will stand up for what’s right to build an inclusive society.

Manage your Time:

What you accomplish matters more than hours in the office. We are committed to creating a positive and supportive environment in which you perform your best. Our Time-Off and Flexible Work Arrangement options help foster a healthy work-life balance.

Check out our Glassdoor reviews to see why people love working for Intact!

Our promise to you

Our Values are foundational to our success at Intact. You’ll make a difference every day when you live our Values, do your best work, are open to change, and invest in yourself.

In return, we promise you support, opportunities, and performance-led financial rewards in a flexible work environment where you can:

• Shape the future: Help us lead an insurance transformation to better protect people, businesses, and society.
• Win as a team: Collaborate with inspiring people to do your best work every day and together, stand up for what is right.
• Grow with us: Refresh and reinvent your skills, learn from our diverse teams, lift others up, and grow.

About Intact

At Intact Insurance Specialty Solutions we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Today, we help protect over a dozen industries with tailored coverages and services