Countryway Insurance, a Virginia Farm Bureau Company, is seeking a motivated Product and Actuarial Manager. A successful leader in this role will manage the strategic development and implementation of new and existing insurance products that are in compliance with state and federal regulations and optimize our ability to profitably grow Countryway’s Property and Casualty business.
Under experienced leadership, you will direct and supervise the activities of the Product Development and Actuarial unit to ensure rates and products for all Countryway product lines are profitable, competitive, and consistent with company goals and objectives.
At the direction of the Vice President of Sales, Marketing, and Product Management, you will develop management reporting and other analytics toward the development of strategies and tactical plans to support profitable growth.
This position offers the potential for remote work, based on candidate location with key states to include Virginia, New York, Kentucky, Maine, and Pennsylvania.
Pricing and Filing review and implementation for Countryway states and products
Directs and coordinates activities of the Senior Actuarial Support Analyst performing analyses affecting pricing and filing strategies for Countryway product lines
Ensure products and rates are actuarially sound and competitive for Countryway
Partner with Product Development in enhancing existing and developing new coverages to support our customers.
Plans, implements, and facilitates project resources across various Countryway strategic initiatives
Works collaboratively across all business units
Prepare required financial and regulatory reports and oversee the analysis of financial information used to produce forecasts for making rate decisions
Manages and mentors the Senior Actuarial Support Analyst
Develop and/or review analyses provided from other departments to support business goals.
Present reports, explaining their implications to upper management, advising on risk limitation
Conduct competitor analyses
Review actuarial pricing indications
Monitor industry changes (including but not limited to ISO and AAIS)
Work with Business Analysts and Information Services resources to support implementation of pricing and product enhancements within the Finys platform
Premium and Loss Forecasting and projection modeling
Evaluate new Products and Pricing variables
Support Board presentations as needed
Support Reinsurance strategies as needed
Act as SME on rating and product development
Management reports for sales, underwriting, policy services and claims as needed
Provide resources and support for Finys projects
Manage expenses of the Countryway Product and Actuarial unit
All other duties as assigned by the VP of Sales, Underwriting, and Product Management.
MINIMUM EDUCATIONAL/EXPERIENCE QUALIFICATIONS
Bachelor’s degree in Business, Risk Management, Insurance, Mathematics, Statistics, Actuarial Science or related field
Strong influencing and communications skills (both written and verbal) that focuses on the customer
Strong leadership, emotional intelligence and coaching skills
Excellent analytical skills
Results oriented, driven by ownership and commitment
High initiative - ability to work independently, access situations and make appropriate recommendations and decisions
Remain current on issues in a changing environment
Demonstrated product management expertise
Knowledge of developing long-term profit and growth strategies that yield results
Proficiency with computer tools for retrieval and manipulation of relevant information including advanced level MS Office including Excel, PowerPoint and Windows packages
Advanced insurance degree/designation – Master’s degree or insurance designation such as CPCU, ACAS, or FCAS
Knowledge of multiple state insurance marketplaces
We provide an exceptional benefits package, including ongoing job development and support in all roles, paid training and continuing education reimbursement, medical and dental insurance on your first day, generous employee “401K” contribution, excellent Paid Time off (PTO) plan and more!
Virginia Farm Bureau Companies provide equal employment opportunity in all aspects of employment without regard to race, color, national origin, religion, gender, pregnancy, age disability, orientation, or veteran status.
Telecommuting is allowed.
About Countryway Insurance, a Virginia Farm Bureau Company
Virginia Farm Bureau Mutual Insurance Co. writes property, casualty, and farm insurance products through agents in Virginia. It offers auto, home and renters, life, health, and business insurance products. The company also provides insurance coverage products for motorcycles, motor homes, farms and crops, long term care, boat, umbrella, ID theft, flood, and financial services. Virginia Farm Bureau Mutual Insurance Co. was founded in 1950 and is based in Richmond, Virginia. Virginia Farm Bureau Mutual Insurance Co. operates as a subsidiary of Virginia Farm Bureau Federation Inc.