Director, Actuarial

BlueSteps Connect; United States; On-site; USD 90,000 - 130,000; Full time

Job summary

A leading actuarial firm is seeking an experienced actuary to oversee daily operations and lead predictive modeling initiatives. The ideal candidate has over 10 years in property and casualty insurance, holds a Fellowship or Associateship in the Casualty Actuary Society, and demonstrates strong leadership skills. The role includes significant involvement in reserving analysis and product design, as well as presenting findings to committees. This position may require occasional travel.

Qualifications

• 10+ years of property and casualty insurance pricing or reserving experience.
• Ability to communicate actuarial concepts to a non-actuarial audience.
• Extensive knowledge of Microsoft Excel.

Responsibilities

• Oversee daily operations of actuarial staff ensuring all analysis is timely.
• Lead development of predictive modeling function within the actuarial department.
• Complete quarterly reserving analysis and present to reserve committee.

Skills

Predictive modeling

Product design

Ratemaking

Reserving

Team leadership

SQL

R

Python

Microsoft Excel

Education

Fellow or Associate of the Casualty Actuary Society

Job description

Job Description

We are seeking an experienced ratemaking or reserving actuary to oversee daily operations of the actuarial team, assist with quarterly and annual reserving analysis, and lead new product launches. The ideal candidate will have experience with predictive modeling, product design, ratemaking or reserving.

Responsibilities

• Oversee daily operations of actuarial staff, ensuring all analysis and reporting is completed on time and with high quality.
• Drive continued development of actuarial staff through work experience and exam support.
• Lead recruiting process, including proactively identifying when staffing needs change.
• Develop rate indications and proposals for review by rate committee for all lines of business, including supplemental analysis of competitor rates and ISO filings.
• Lead development of predictive modeling function within the actuarial department or through consultants (prior experience permitting).
• Lead development of rating algorithm and endorsement pricing for new product roll-outs (prior experience permitting).
• Oversee filing creation process, including final sign-off for filing submission and being the primary representative for department of insurance communications.
• Ensure analysts accountable for quarterly and annual reserve processes are on track during close process, including satisfying SOX controls and generating external reports. Work with accounting on schedule for next close.
• Complete quarterly reserving analysis for select companies and lines, including developing summary materials and presenting to reserve committee as assigned.
• Conduct peer review selections and write-ups for other actuaries with reserving accountabilities.
• Perform ad hoc intra-quarter analysis in support of finance and/or claims as needed.
• Support annual reinsurance placement through data calls and review of broker analysis.
• Support MPCI and Crop Hail strategy, including data analysis and filing support.
• Support broader product strategy, including assessment of new product needs and opportunities.
• Maintain and develop databases in support of actuarial team needs.
• Perform ad hoc analysis as requested by other departments (claims, underwriting, etc.).

Requirements

• 10+years of property and casualty insurance pricing or reserving experience
• Fellow or Associate of the Casualty Actuary Society
• Ability to communicate actuarial concepts to a non-actuarial audience
• Experience leading a team, with demonstrated organization and time management skills
• Extensive knowledge of Microsoft Excel
• Occasional travel depending on location (10%-15%)
• Significant experience with personal auto, farmowners, homeowners or BOP
• Experience with SQL, R or Python
  
• Experience with predictive modeling or product design

Contact

Joanna Kruzel
[e-mail]