Chief Actuary

DESCRIPTION

The Chief Actuary is responsible for all pricing and loss reserve policy for a national property and casualty insurance carrier. They will lead a team of professionals who monitor pricing and loss trends for the company. This position will work with both internal and external stakeholders to oversee pricing policy and strategy.

COMPENSATION

Starting salary is in the $300,000 to $450,000 range. A competitive benefit package will include medical, dental, vision, 401K, flexible spending, STD, LTD, long-term care, paid parent leave, and generous PTO.

MAIN RESPONSIBILITIES

• Work with other business units within the company to ascertain risk factors that affect current and future rate pricing strategy.
• Stay abreast of industry topics, market pricing, and claim trends that can be utilized in developing pricing policy.
• Analyze internal data and update pricing models to reflect loss cost and inflationary trends.
• Guide a small team of actuarial professionals to develop pricing models used by underwriting units to give price and quote indications.
• Provide frequent review and reporting of actual and expected loss trends.
• Identify written business classes that are developing negative trends so that appropriate action can be taken.
• Present pricing trends, loss trends, loss development, and actuarial matters to senior leadership and reinsurance partners.
• Mentor and coach staff/direct reports to foster professional growth and assure the team is utilizing strong technical skills to develop pricing strategies.
• Provide finance unit with necessary loss data to support their efforts in adhering to GAAP reporting and budgeting requirements.
• Support external and internal actuaries in developing adequate rates and reporting.

PREFERRED EXPERIENCE

• Bachelor’s Degree in Mathematics, Actuarial Science, Statistics or related field is required. Post graduate degree a plus.
• At least 15 years of actuarial experience in pricing/loss reserving with a property casualty insurance company or with an actuarial consulting firm.
• FCAS and MAAA memberships preferred.
• Experience in developing and managing high performing teams.