The Associate Actuary, reporting to the Chief Risk Officer, will be responsible for leading the actuarial ratemaking function, the actuarial loss reserving function, and providing analytical support for corporate-wide business activities and decisions.
What You'll Be Doing
- Lead the ratemaking process, including rate indications, risk classification, rating plan design, and competitor analysis.
- Producing loss reserving analysis.
- Collaborating with other functional areas to execute rate reviews and gain regulatory approval for rate filings.
- Providing actuarial thought leadership by researching and advocating for applicable and appropriate techniques, methodologies, and best practices.
- Creating a high performing team of engaged employees, including coaching and providing feedback, delegating, and managing workflow, and monitoring and evaluating performance.
- Supporting corporate operational planning by producing premium and loss projections.
- Providing technical and analytical assistance to other functional areas in support of corporate goals.
- Assisting with statistical reporting to regulatory organizations and corporate partners.
- Continuing professional development to maintain actuarial credentials.
- Other related duties as assigned.
What You'll Need
- Bachelor’s degree required – preferably in actuarial science, mathematics, statistics, economics, or a related field.
- Associateship (ACAS) in the Casualty Actuarial Society required.
- Minimum of six years of property/casualty actuarial experience.
- Extensive knowledge of actuarial ratemaking techniques, especially for catastrophe-exposed personal and commercial property lines of business.
- Thorough knowledge of reserving techniques and basic accounting principles.
- Advanced knowledge of industry data sources and tools.
- Solid history of working effectively with regulators.
What's Great to Have
- Success in managing employee performance and development.
- Excellent communication skills, especially the ability to communicate technical information to a non-technical audience.
- Demonstrated comfort building and leveraging business relationships with other functional areas.
- Excellent proficiency in Excel, Access, and SQL.
- Proficiency in R or Python a plus.
Knowledge and Skills
- Strong planning skills
- Ability to be adaptable and flexible
- Ability to make decisions
- Collaborative
- Ability to handle stress and meet deadlines
- Integrity
- Proven leadership skills
- Dependability
