AVP Corporate Actuarial (Hybrid)

About the role

This role is responsible for evolving the Corporate Actuarial function. You will oversee Loss Reserving and Claims Actuarial functions, as well as other cross-departmental functions such as the Actuarial Studies Team and Capital Management. You will serve as the Actuarial liaison to various functional areas, present recommendations to management, and ensure work adheres to actuarial principles and internal policies/standards. Additionally, you will train, coach, and develop staff.

Responsibilities

• Establish and evolve the strategic direction of the Corporate Actuarial function.
• Oversee and lead various non-pricing functions within Actuarial, including Loss Reserving and Claims Actuarial, as well as other functions such as Actuarial Studies and Capital Management.
• Ensure reserve analysis adheres to Actuarial Standards of Practice.
• Partner with Claims leaders to provide analytical support and interpret Claims-related initiatives or trends, including participation in the Claims Extended Leadership Team.
• Manage and/or consult on capital and reinsurance topics, such as:
  • Capital adequacy models and analysis to support evaluation of capital position.
  • Risk transfer programs aligning with risk appetite statements and capital constructs (economic, rating agency, regulatory).
  • Evaluation of business development opportunities, including impact to economic capital and financial statements.
  • Development of enterprise risk appetite and tolerances.
• Manage and/or consult on other actuarial topics, including accident year performance, loss planning support, actuarial best practices and modernization, and data coordination.
• Prepare and present technical topics and analysis to executive and Board audiences.
• Communicate positioning on issues professionally with a diverse group, including executives, managers, subject matter experts, and vendors.
• Collaborate with business partners and peers to ensure analyses, insights, and results are effectively leveraged.
• Employ continuous improvement, automation, and innovation to increase efficiency within the Corporate Actuarial function.
• Develop staff through training, coaching, performance feedback, assessments, and establishing development plans.
• Establish, communicate, and implement team plans, objectives, and strategies.
• Maintain actuarial continuing education requirements.

Requirements

• College degree with significant coursework in a quantitative field such as math, statistics, or actuarial science (required).
• ACAS certification (required); FCAS certification (preferred).
• Minimum of ten years of varied actuarial experience (preferred).
• Three or more years of managerial experience with proven leadership skills (required).
• Excellent analytical and organizational skills with the ability to balance strategic and tactical situations.
• Ability to use independent judgment to plan, prioritize, and organize a diversified workload while managing competing priorities.
• Aptitude for critical thinking and problem resolution.
• Strong written and oral communication skills, with the ability to explain complex ideas effectively.
• Pricing experience in Personal and/or Commercial Lines (strongly desired).
• Commercial Lines experience, particularly in Commercial Specialty (E&S, Programs, etc.), as well as experience in Assumed Reinsurance (desired).

Benefits

• Geographical diversity with hybrid and remote work options, and flexibility in work hours (role dependent).
• Competitive traditional benefits.
• Cultural appreciation holiday.
• Family formation benefits.
• Compassionate care leave.
• Expanded categories of bereavement leave.

About Us

Grange Insurance Company, founded in 1935 and based in Columbus, Ohio, is an insurance provider with $3.4 billion in assets and over $1.61 billion in annual revenue. Through its network of independent agents, Grange offers auto, home, and business insurance protection in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and Wisconsin. Grange holds an A.M. Best rating of "A" (Excellent).

Who We Are

Grange values diversity and is committed to creating and supporting a workforce that reflects the richness of differences in backgrounds, viewpoints, and lived experiences. We foster an inclusive environment by bringing these differences together for the benefit of our enterprise, associates, agents, customers, and community. Our Associate Resource Groups provide professional and personal growth opportunities while celebrating shared experiences and perspectives across ethnicity, race, nationality, generation, gender identity, and sexual orientation. These voluntary groups include the Multicultural Professional Network, Pride Partnership & Allies, Women's Group, and Young Professionals.

Established in 2016, our Inclusive Culture Council advances professional development, networking, business value, and community outreach. Together, we create opportunities to learn from one another, encourage innovation, and build a culture where everyone can contribute and grow. Our commitment to inclusion is grounded in our core values: Be One Team, Deliver Excellence, Communicate Openly, Do the Right Thing, and Solve Creatively for Tomorrow.