One of the nation’s leading property and casualty Insurance Companies is seeking an Actuarial Pricing Manager. The Actuarial Pricing manager will drive pricing efforts for the company’s workers’ compensation book. The manager will be tasked with communicating with underwriters and other actuaries with the purpose of creating rate indications and pricing strategies for the workers’ compensation book. In addition, the manager will drive efforts in enhancing methods and tools in evaluating, monitoring and comprehending the worker’s compensation book.
Drive the calculation of rate indications for each state annually. Undertake more thorough profitability analysis and recommend critical options. Present findings to the Pricing Committee.
Lead agenda for the Pricing Committee. Create exhibits for Committee to discuss.
Be attentive to the results of Pricing Committee decisions and report back as needed.
Conduct peer reviews of significant account pricing for underwriters and more junior actuaries. Analyze and discuss results and follow appropriate course of action.
Conduct special profitability studies of segments of the portfolio.
Communicate with Predictive Modeling and Data Science team to create, manage and enhance all predictive tools while adding new tools.
Conduct large deductible and assumes excess reinsurance account pricing.
Lead research studies into various sections of Worker’s Comp book to further understand key leaders.
Lead analysis of bureau loss cost changes in order to create opinions on actionable matters to follow and inform Pricing Committee.
Contribute to the annual Workers’ Compensation loss ratio budgeting exercise.
Contribute to annual strategic planning exercises including identifying preferred business segments and segments to have less emphasis.
As needed, collaborate with Ceded Reinsurance teams on all company re submissions.
Drive effort to acquire needed tools to perform necessary tasks.
Lead and Supervise a team of actuaries: develop, mentor and train them.
Complete specific projects as assigned.
BS, BA in mathematics, actuarial science or a related field or a Higher degree.
FCAS or experienced ACAS.
5+ years of Actuarial experience in a commercial property-casualty insurance company.
3-5 years of experience in pricing of primary and/or reinsurance business is critical.
Worker’s Compensation experience is preferred.
Must have detailed analytical skills and strong communication skills. Experience communicating with underwriters is preferred.
Detailed knowledge of MS Office, Excel. Knowledge of SQL preferred. Knowledge of NDX< DAX is an added bonus.
Professional written communication skills
Knowledge of stochastic modeling methods and predictive modeling tools.
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