A third-party partner is assisting in hiring a Senior Assistant Actuary to drive innovation in risk selection and pricing through advanced modeling techniques, including actuarial approaches and machine learning. This role requires collaboration across teams, optimizing underwriting processes, analyzing policyholder behaviors, and contributing to business improvements.
Responsibilities
- Underwriting Innovation and Risk Pricing
- Develop and execute actuarial analyses to assess current and proposed underwriting practices.
- Create methodologies for predicting applicant non-disclosure.
- Enhance automated underwriting systems and collaborate with underwriting teams to implement improvements.
- Optimization of Automated Underwriting
- Partner with data teams to design tools for analyzing underwriting data.
- Evaluate automated underwriting rules, identifying opportunities for enhancement.
- Adjust rules based on new data or guideline updates.
- Underwriting for New Partnerships
- Assist in developing underwriting and risk controls for new product launches.
- Monitor underwriting effectiveness and address identified risks.
- Communicate with stakeholders regarding underwriting changes and outcomes.
- Policyholder Behavior Analysis
- Conduct actuarial analyses on the impact of policyholder behaviors on business metrics.
- Identify strategies to optimize behavioral outcomes in collaboration with cross-functional teams.
- Data Management
- Work with data teams to gather, update, and maintain relevant data sets.
- Perform regular reviews of data to support ongoing projects and address issues proactively.
- Communication
- Draft reports summarizing analysis findings and recommendations.
- Delegate tasks within the team and provide progress updates to leadership.
Requirements
- Education
- Bachelor’s degree in Mathematics, Statistics, Actuarial Science, or Business.
- Fellow of the Society of Actuaries (FSA) or Career Associate of the Society of Actuaries (ASA).
- Experience
- FSA with a minimum of 6 years of experience, OR
- Career ASA with 12+ years of experience.
- Skills
- Proficient in data manipulation tools (e.g., R, Python, Excel, Tableau).
- Strong written and verbal communication skills.
- Ability to work collaboratively within cross-functional teams.
- Highly organized and capable of multitasking in a fast-paced environment.
- Self-driven and proactive in problem-solving and project execution.
Benefits
- Compensation
- Salary range: $121,000 - $166,450, with potential for bonuses, long-term incentives, and annual performance-based rewards (target 20% of base salary).
- Time Off
- 20 vacation days, 10 sick days, and 9 paid holidays annually.
- Insurance and Retirement
- Comprehensive health, dental, and life insurance.
- 401(k) with a 6% company match and pension plan.
- Professional Development
- Support for career growth, mentoring, and leadership development opportunities.
- Other Benefits
- Well-being initiatives and team-building activities.
- Volunteer time-off opportunities to support personal causes.
This is a remote position, and employment is at-will, allowing flexibility in compensation and benefits adjustments based on performance and market factors.
