Actuary

Universal North America; Sarasota (FL); On-site; USD 80,000 - 100,000; Full time

Job summary

A leading insurance provider in Sarasota, Florida, is seeking an actuary to manage pricing and reserving projects. The role requires a Bachelor's degree in actuarial science or related fields, with at least 4 years of experience in the industry, preferably within homeowners and commercial lines. The successful candidate will lead various actuarial studies, support regulatory filings, and enhance data methodologies, requiring strong communication and advanced analytical skills.

Qualifications

• Minimum of 4 years of actuarial experience, preferably in homeowners and commercial lines.
• Advanced proficiency in Microsoft Office tools is required.
• Must have strong programming skills in database languages.

Responsibilities

• Oversee and manage projects related to Pricing.
• Lead the ratemaking process and develop pricing indications.
• Support and develop Pricing tools and methodologies.

Skills

Excellent communication skills

Project management skills

Strong data and programming experience

Advanced analytical skills

Ability to work independently

Team player

Education

Bachelor’s degree in actuarial science, mathematics, risk management, or a related field

Tools

Microsoft Access

Excel

SQL

R

Python

VBA

Job description

This individual will support all our current and future states in all product lines of insurance by accessing data, performing rate reviews, reserve analysis and other actuarial studies; preparing rate filings and responding to inquiries from regulatory departments; and working with accounting, external actuaries, consultants and auditors. Provides recommendations to senior management, completes analyses, leads projects, and makes decisions under guidance of more senior actuaries.

Essential Duties and Responsibilities:

• Oversee and manage projects related to Pricing.
• Lead the ratemaking process and develop pricing indications to attain an underwriting profit.
• Perform various Pricing projects, including quarterly rate adequacy reviews, internal rate indications, and analysis of internal and external data.
• Support and develop Pricing tools, and advance Pricing methodology in terms of data capture and analysis.
• Lead the review of new product strategies, design, pricing, and implementation of rate changes.
• Price alternative structures as needed.
• Interact with relevant regulatory authorities on filings; testify as required in support of rate filings.
• Drive process improvements and provide insight to leadership from an actuarial perspective.
• Oversee the Reserving process and projects related to Reserving, including quarterly reserve reviews and monthly IBNR roll forwards.
• Lead development of new Reserving tools, advance reserving methodology in terms of data capture and analysis, and lead design and implementation of new processes.
• Work with accounting, external actuaries, and auditors to provide accurate data, reconciliations, and assist with calculations, resolve discrepancies, and assist with completion of accurate financial statements with the Statement of Actuarial Opinion.
• Manage competing internal interests and workload regarding data requirements, ratemaking, rate filings and product development.
• Provide data in support of actuarial, product, underwriting, and reserving initiatives.
• Perform data manipulation, analysis, and automation, including data cleansing and automated reporting.
• Over time, the role may grow to include management of actuarial analyst teams.
• Ensure data correctness, consistency, and robustness; perform proper data validation and reconciliation exercises.
• Practice appropriate spreadsheet and data stewardship: organize and document data, data sources, and calculations for ease of review by peers or external parties.
• Keep manager and team informed of activities and situations that will impact corporate and departmental goals.
• Present results and conclusions of analysis to other departments and senior management.
• Keep up to date on insurance environment, regulatory changes, social influences, and new actuarial and data methods; proactively revise approaches and methods to improve all work products.
• Provide leadership on special projects related to ratemaking, reserving, and financial analysis projects.
• Perform other duties as required.

Education and Experience:

• Bachelor’s degree in actuarial science, mathematics, risk management, or a related field.
• Minimum of 4 years of actuarial experience, with homeowners and commercial lines experience preferred.
• Advanced proficiency in Microsoft Access, Excel, Word, and PowerPoint.
• Excellent communication skills, both written and oral.
• Strong data and programming experience in an insurance environment is desired.
• Proficient knowledge of SQL, MySQL, Oracle, or similar database languages is desired.
• Proficient knowledge of R, Python, VBA, or similar programming languages is desired.
• Advanced presentation skills.
• Advanced analytical, problem‑solving, and research skills.
• Ability to work extremely well independently.
• Must possess strong work ethic and be a “team player”.
• Project management skills; lead project teams both with and without formal reporting authority.
• Ability to work with multiple competing priorities.

Licenses and Certifications:

• Associate of the Casualty Actuarial Society (ACAS) preferred.
• Commitment to attain Fellowship in the Casualty Actuarial Society (FCAS) desired but not required.