Commercial Lines Actuary Manager

Position Summary:

The primary job function is to be responsible for ratemaking, and possibly loss reserving for specific products in specific states. The Actuary Manager is also responsible for managing a team of Analysts or Actuaries and processes associated with the actuarial functions of the organization.

Essential Job Functions:

• Works with State Product Manager in developing rates that meet profit and growth objectives for assigned states and line of business. Proactively monitors results, rate adequacy, trends, competitiveness, mix distributions, etc. on a consistent basis. Responsible for producing quarterly indications and LR projections, evaluating which depth is appropriate. Conducts pricing analysis on territories and/or segments as needed or requested. Performs ad hoc analyses and deep dives into any key issues. Develops loss reserve estimates for internal and financial reporting use, if needed. Works with State Product Manager on Rate Levels, providing the indication, rate proposal, filing support and any other analysis or assistance needed. Works with State Product Manager and R&D on countrywide product version roll outs. Performs dislocation and sets base rates when necessary.

• Retrieves and analyzes data available and identifies issues and opportunities in making sound ratemaking decisions from an actuarial standpoint. Leads large-scope project work and ad hoc analyses. Drives discussions with colleagues regarding analysis needs and reviews the results with colleagues and managers as necessary. Will be expected to manage projects of considerable complexity by applying advanced knowledge of the business area processes, including actuarial best practices. Participates in and leads special projects, working with Actuaries, State Product Manager, R&D and/or cross-functional partners. Exercises due diligence in reconciling data and ensuring accuracy of work, including good documentation practices. Anticipates questions and prepared to justify analyses (i.e. methodologies, selections). Takes ownership of work and assigned states.

• Communicates effectively and efficiently with regard to indications, projections, trends, and other reports as required by senior management in monitoring company goals and objectives. Looks for areas of improvement within our current processes and communicates ideas and experiences to other Actuaries.

• Provides assistance and contributes to product pricing improvements and development of next generation insurance products. Recommends ideas and leads efforts to improve product offerings, process improvements, and/or goal changes.

• Manages a team of Analysts and Actuaries and oversees work related to rating formulas, indications, loss ratio projections, and filings. Recruits and provides mentoring, guidance and training to Actuary team. May have some impact on departmental budgeting, strategic planning, and procedural change

Education:

• Minimum: Bachelor’s Degree required. FCAS designation from the Casualty Actuarial Society or relevant work experience in lieu of FCAS.
  Preferred: Major in either math, actuarial science, finance, economics, or other quantitative fields preferred.

Experience:

• Minimum: 7+ years of actuarial experience or equivalent combination of education and/or experience.
• Preferred: 5+ years of commercial lines actuarial experience - commercial auto, business owner policies or both with preference to business owner policy experience.

Knowledge and Skills:

• Comprehensive knowledge of the field’s concepts and principles
• Advanced knowledge of various ratemaking techniques
• Advanced knowledge of loss reserving techniques
• Knowledge of SAS and/or other statistical software
• Knowledge of SQL and/or other programming languages
• Proficient knowledge of MS applications (Excel, Word, Outlook)
• Good problem solving skills
• Good analytical and critical thinking skills
• Strong attention to detail and design elements
• Understanding of the insurance products and the competitive marketplace for lines of business under the Actuary's control
• Excellent written and verbal communication skills to effectively and professionally communicate at all levels internally and externally
• Ability to manage projects of considerable complexity
• Able to adhere to the regular work schedule
• Able to interact cordially with other team members to accomplish common tasks
• Excellent leadership skills, organizational skills, judgement, and creativity

• Intermediate or higher level of proficiency with Python, R, SAS, or SQL

• Competitive compensation
• Flexibility to work from anywhere in the United States for most positions
• Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours)
• Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
• Medical, dental, vision, life, and pet insurance
• 401 (k) retirement savings plan with company match
• Engaging work environment
• Promotional opportunities
• Education assistance
• Professional and personal development opportunities
• Company recognition program
• Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more