Assistant Actuary - Commercial Lines

About the role

The Assistant Actuary is responsible for the pricing, product development and reserving functions for the company. The position works collaboratively with the actuarial team other cross-functional business units to implement pricing and product enhancements designed to achieve growth and profitability goals in line with the company's business model and enterprise objectives.

Responsibilities

• Develop rate level indications and develop predictive models to optimize pricing and segmentation of policies.
• Support company’s expansion into new non-admitted products and new states.
• Affiliate with quarterly rate adequacy reviews for all lines, integrating catastrophe models (e.g., windstorms, floods, wildfires) into the pricing structure.
• Affiliate with quarterly forecasting, incorporating premium and loss projections and internal and external cat modeling.
• Serve as a key business partner to portfolio managers and IT, providing technical support and verifying accurate implementation of pricing tools.
• Work with product owners to proactively manage the rate review process, including the preparation, proposal, and implementation for all pricing changes.
• Work closely with Enterprise Risk Management and Data Science on catastrophe modeling and interpretation, with a focus on integrating within all actuarial functions.
• Participate in the design and development of next-generation pricing tools and internal modeling, including AI-based improvements to actuarial processes.
• Analyze external or internal claims and exposure data to enhance proprietary pricing factors and models.
• Affiliate with quarterly and annual reserving process, including preparing reports and presentations for senior actuarial leadership.
• Work closely with product owners and IT to provide requirements for pricing and product enhancements designed to produce efficient, accurate and compliant product presentation, quoting, and policy issuance.
• Continuously improve our analytics and data-driven decision-making capabilities and operating efficiency and quality.

Requirements

• Bachelor’s Degree or equivalent experience in similar work.
• Completion of 3+ actuarial exams up to ACAS required for this position.

Qualifications

• 3+ years of P&C actuarial experience necessary.
• Familiarity with next-gen actuarial pricing and statistical tools and experience in implementation preferred.
• Advanced data and statistical programming skills including SQL, R, SAS or Python, with strong proficiency in Excel.
• Strong analytical and problem-solving skills with a demonstrated ability of providing strategic recommendations.
• Strong interpersonal, collaborative, and presentation skills with the ability to communicate effectively, both written and verbal.

Benefits

• Medical
• Dental
• Vision
• 401k
• Paid holidays
• PTO