Supervising Actuary

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Perform actuarial analyses for pricing, loss reserving, product development, reinsurance, capital management, and/or other financial or business purposes.
• Communicate effectively, make recommendations, and present findings to appropriate audiences.
• Prepare commentary for senior management regarding profitability trends and their causes.
• Work with various business units to help create and drive strategic plans and metrics.
• Monitor premium and loss ratio projections and communicate status to business units and senior management.
• Aid department leadership in strategic planning.
• Act as a liaison to Finance and assist in annual profit planning process and expense forecasting as necessary.
• Participate in loss reserve analyses and monitor quarterly reserve levels.
• Present loss reserve analysis to senior management and identify key assumptions underlying results.
• Monitor profitability of various segments and make recommendations to take corrective action as necessary.
• Monitor resulting action plans.
• Help design, enhance, and maintain pricing, reserving, reinsurance and forecasting models.
• Represent Actuarial on corporate projects as needed.
• Provide support and peer review to the Capital Modeling team and the Capital Allocation process.
• Work with the Enterprise Risk Management team on identifying on monitoring risks.
• Perform advanced special projects as needed.
• Provide guidance, training and leadership to employees and mentor actuarial analysts.
• Assure appropriate level of documentation regarding actuarial department and procedures.
• Evaluate processes and procedures, and develop new procedures.
• Aid in the creation of a department strategic plan that supports corporate initiatives.
• Regularly communicate issues or progress to department leadership.
• Adhere to deadlines, ensure work is completed on a timely basis.
• Participate in development of annual department budget.
• Act as a subject matter expert for communication used for the parent and board of directors.
• Ensure that all material produced is of utmost quality, is internally consistent, and is completed in timely manner.
• Institute a peer review process for critical deliverables and provide peer review support for other processes as requested.
• Maintain confidentiality of information processed as appropriate.
• Maintain good standing with the Actuarial Society, complete annual CE requirements and attest as required, and follow the Code of Professional Conduct and all relevant actuarial standards of practice.

Qualifications

• Bachelor’s degree required, preferably in actuarial science, mathematics, or a related area.
• Associate designation in the CAS or SOA, and pursuit of Fellow designation preferred.
• Minimum of five (5) years of property and casualty actuarial experience required.
• One year supervisory, or functional lead experience, or combinations of related training and experience required.