Actuarial Specialist (Specialty Lines)

ICW Group; Oregon; Hybrid; USD 106,000 - 189,000; Full time

Benefits offered by this job

Bonus potential

Paid Time Off

Paid holidays

401K retirement plan

Job summary

ICW Group seeks an Actuarial Specialist to perform complex analyses, manage projects, and lead a team within the Actuarial department. You will act as a trusted advisor to business leaders and help drive product pricing and market expansion.

The role requires strong actuarial modeling skills (Excel, Python, SQL) and the ability to collaborate across departments while mentoring junior staff. Competitive benefits and growth opportunities are offered.

Qualifications

• Bachelor's degree in Applied Mathematics, Computer Science or related field.
• Minimum 5 years of related actuarial experience.
• ACAS designation highly desired but not required.

Responsibilities

• Provide technical actuarial analyses in ratemaking, reserving and analytics.
• Lead projects and mentor actuarial analysts.
• Communicate findings to senior leaders and stakeholders.
• Develop pricing tools and support product expansion.
• Ensure accuracy and integrity of actuarial work products.

Skills

Interpersonal skills

Project leadership

Client interaction

Independent work

Communication skills

Education

Bachelor's degree

Tools

Excel

Python

SQL

Tableau

Power BI

Job description

Are you looking to make an impactful difference in your work, yourself, and your community? Why settle for just a job when you can land a career? At ICW Group, we are hiring team members who are ready to use their skills, curiosity, and drive to be part of our journey as we strive to transform the insurance carrier space. We're proud to be in business for over 50 years, and its change agents like yourself that will help us continue to deliver our mission to create the best insurance experience possible.

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for the twelfth consecutive year in a row and for the 20th time overall as a Top 50 performing P&C organization offering the stability of a large, profitable and growing company combined with a focus on all things people. It's our team members who make us an employer of choice and the vibrant company we are today. We strive to make both our internal and external communities better everyday! Learn more about why you want to be here!Please note that we are unable to provide visa sponsorship for this position at this time. Candidates must be authorized to work in the United States without current or future sponsorship.

PURPOSE OF THE JOB

The purpose of the Actuarial Specialist is to produce complex analyses, manage projects, and oversee team workload to meet high levels of service within the Actuarial department. This position exists to support and execute Company strategy as directed by the Chief Actuary, while acting as a team leader and as a trusted advisor to other business leaders.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Provides technical analyses and participates in process development.

• Provides technical actuarial analyses in the areas of ratemaking, reserving, analytics, and systems integration.
• Participates in the development and documentation of actuarial department processes.
• Takes responsibility to modify processes in order to improve accuracy and efficiency.
• Develops new business processes or comprehensive analytic efforts.
• Initiates project design within system constraints and demonstrates an understanding of dependencies.

Works with business leaders to develop and implement new products and expand into new markets.

• Buildout of the Commercial Property pricing model.
• Acts in the capacity of a trusted advisor to other business leaders.
• Ensures that the work product supports business growth and profitability.
• Takes a prominent role in communicating and explaining actuarial findings to business leaders.
• Fosters positive, collaborative working relationships with higher level experts across the organization.
• Works with individuals in other departments in fulfilling the actuarial role within larger projects.

Assists in developing the actuarial team and oversees subordinates' work.

• Maintains a positive work climate and fosters motivation and engagement.
• Performs at the level of a subject matter expert and a team lead for a functional area (e.g. regulatory/filings, corporate including reserving, systems administrator, pricing, ratemaking).
• Ensures soundness and integrity of actuarial analyses.
• Reviews subordinate's work to uphold consistency with Standards of Practice and provides valuable feedback.

Excess & Surplus Specific

• Supports development and enhancement of pricing tools for E&S product lines.
• Performs individual large complex accounts pricing review and works closely with E&S underwriters.
• Provides business requirements for system integration and set up data export functions for data reporting.
• Builds business reports to monitor rate change and profitability of the portfolio.
• Evaluates and refines pricing assumptions based on industry benchmark data and competitive analysis.
• Demonstrated success in Commercial Lines (Property, GL, Auto, and etc.) and/or E&S market environments.
• Proficient in Excel, Python and SQL; expert in actuarial and statistical modeling techniques. Experienced with data visualization tools (e.g., Tableau, Power BI).
• Strong technical pricing skills with knowledge of exposure-based pricing, experience modelling, catastrophe modelling and stochastic simulation techniques.

SUPERVISORY RESPONSIBILITIES

This role does not have supervisory responsibilities but may act as a team lead and mentor actuarial analysts.

EDUCATION AND EXPERIENCE

• Bachelor's degree from four-year college or university required in Applied Mathematics, Computer Science or related field.
• Minimum 5 years of related experience in actuarial roles required.

CERTIFICATES, LICENSES, REGISTRATIONS

ACAS designation highly desired but relevant work experience may be considered.

KNOWLEDGE AND SKILLS

• Strong interpersonal and communication skills and proven project leadership abilities.
• Thorough knowledge of actuarial models and ability to assess results.
• Thorough knowledge of broad segments of ICW systems and related business areas.
• Experience managing multiple projects and resources.
• Dedication to building a working knowledge of emerging analytic techniques.
• Ability to work independently in deriving solutions to new business problems.
• Comfortable and competent in client interaction settings.

PHYSICAL REQUIREMENTS

Office environment - no specific or unusual physical or environmental demands and employees are regularly required to sit, walk, stand, talk, and hear.

WORK ENVIRONMENT

This position operates in an office environment and requires the frequent use of a computer, telephone, copier, and other standard office equipment.

The current range for this position is $105,780.03 - $189,347.93

This range is exclusive of fringe benefits and potential bonuses. If hired at ICW Group, your final base salary compensation will be determined by factors unique to each candidate, including experience, education and the location of the role and considers employees performing substantially similar work.

WHY JOIN ICW GROUP?

• Challenging work and the ability to make a difference
• You will have a voice and feel a sense of belonging
• We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match
• Bonus potential for all positions
• Paid Time Off
• Paid holidays throughout the calendar year
• Want to continue learning? We'll support you 100%

ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer.

ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex/gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.

Job Category Actuarial