Senior Actuary

Blue Cross Blue Shield of Michigan; United States; In loco; USD 150.000 - 200.000; Tempo pieno

Descrizione del lavoro

AF Group seeks an experienced Senior Actuary to lead pricing for a growing commercial multiline portfolio. The role encompasses pricing strategy, product development support, and collaboration with Product, Underwriting, and other partners to translate market intelligence into actionable pricing tools.

The candidate should have strong P&C pricing expertise, experience with multiline portfolios, and the ability to evolve toward experience-based pricing and portfolio management.

Competenze

• Bachelor’s degree in Actuarial Science, Mathematics, or related area.
• FCAS/FSA designation and a minimum of eight (8) years P&C actuarial experience; OR Associate designation in the CAS or SOA and minimum of twelve (12) years P&C actuarial experience

Mansioni

• Provide actuarial leadership for multiline product development and pricing strategy.
• Evaluate competitive pricing approaches and translate market research into filing strategies and pricing tools.
• Partner with Product and Underwriting to identify opportunities for segmentation and pricing differentiation.
• Develop and evolve the multiline pricing framework with rate indications and portfolio monitoring.
• Perform actuarial analyses for pricing, reserving, reinsurance, capital management, and other financial purposes.
• Communicate findings via presentations, reports and pricing tools.
• Maintain procedures and document work; improve processes.
• Design and maintain pricing, reserving, reinsurance, and forecasting models.
• Collaborate with business units to drive strategic plans and metrics.
• Monitor premium and loss ratio projections and report to management.

Conoscenze

Communication skills

Actuarial principles

Excel

SQL

Python

R

PowerPoint

Independent decision making

Pricing

Formazione

Bachelor’s degree in Actuarial Science/Mathematics

FCAS/FSA or CAS/SOA Associate with 12+ years P&C

Strumenti

Excel

Outlook

Word

PowerPoint

SQL

Python

R

Descrizione del lavoro

SUMMARY

AF Group is seeking an experienced Senior Actuary to play a key role in the development and growth of our expanding commercial multiline portfolio. This individual will bring strong property and casualty pricing expertise and, ideally, experience supporting product development and the growth of multiline business. The role will work closely with Actuarial, Product, Underwriting, Regulatory and other business partners to translate market and competitive intelligence into pricing strategy, underwriting guidance and actionable tools. As the portfolio grows, this individual will help evolve our approach from external benchmarks and market intelligence toward increasingly sophisticated, experience-based pricing and portfolio management.

ESSENTIAL DUTIES AND RESPONSIBILITIES

include the following. Other duties may be assigned:

1. Provide actuarial leadership for multiline product development and pricing strategy, including Commercial Auto, General Liability, Property and other commercial lines as the portfolio expands.
2. Evaluate competitive pricing approaches, translating market research into potential filing strategies, pricing tools and actionable underwriting guidance.
3. Partner closely with Product and Underwriting to identify opportunities for segmentation, pricing differentiation and profitable growth.
4. Help build and evolve the multiline pricing framework as internal experience emerges, including rate indications, portfolio monitoring, pricing diagnostics and recommendations for changes in pricing strategy.
5. Perform actuarial analyses for pricing, loss reserving, product development, reinsurance, capital management, and/or other financial or business purposes.
6. Communicate effectively: Make recommendations and present findings to appropriate audiences via creation of presentations, reports and pricing tools as applicable.
7. Document all work and establish or improve procedures for internal department processes.
8. Help design, enhance, and maintain pricing, reserving, reinsurance and forecasting models.
9. Work with various business units to help create and drive strategic plans and metrics.
10. Monitor premium and loss ratio projections and communicate status to business units and senior management.
11. Monitor industry results and trends and the Company’s relative performance to the industry. Monitor resulting action plans.
12. Provide guidance and mentor other actuarial analysts.
13. Represent Actuarial on corporate projects as needed.
14. Attend meetings and serve on committees as necessary, representing the Actuarial department.
15. Perform advanced special projects as needed.
16. Maintain good standing with the Actuarial Society, complete annual CE requirements and attest as required and follow the Code of Professional Conduct and all relevant actuarial standards of practice.
17. Proactively identify analytical projects to solve business problems.
18. Develop relationships within and outside Actuarial & Data Science to increase understanding of the Company, its goals, and concerns.
19. Assist in the creation of a department strategic plan that supports corporate initiatives.
20. Participate in peer reviews of actuarial work product.

EDUCATION AND EXPERIENCE

1. Bachelor’s degree in Actuarial Science, Mathematics, or related area.
2. FCAS/FSA designation and a minimum of eight (8) years P&C actuarial experience; OR Associate designation in the CAS or SOA and minimum of twelve (12) years P&C actuarial experience

SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED

1. Excellent oral and written communication skills.
2. Ability to make competent, independent decisions.
3. Advanced knowledge of actuarial principles and practices in one or more of the following areas: reinsurance, reserving, ratemaking, financial reporting, capital management, underwriting, and claims practices.
4. Ability to perform actuarial and statistical analyses.
5. Ability to apply the principles of logical thinking to define problem; collect data, establish facts, and draw conclusions.
6. Excellent communication with others, both actuaries and non-actuaries, verbally, in writing, and via presentations.
7. Expertly skilled in use of Excel; proficiently skilled in use of Outlook, Word, and PowerPoint. Programming skills in SQL and/or statistical software (e.g. R, Python) preferred.
8. Ability to learn new software.

ADDITIONAL INFORMATION

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description does not constitute a contract for employment.

PAY RANGE

Actual compensation decision relies on the consideration of internal equity, candidate’s skills and professional experience, geographic location, market, and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $150,000 and $200,000.

WORKING CONDITIONS

Work is performed in an office setting with no unusual hazards. Minimal travel required.

We are an Equal Opportunity Employer. We will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an "at will" basis. Nothing herein is intended to create a contract.