Details
Posted: 20-May-22
Location: San Diego, California
Type: Full Time
Preferred Education: ACAS
Job Summary:
This position is responsible for managing the Pricing function and directs the work of junior and senior actuarial analysts. This position is a technical expert on pricing, monitoring underwriting results, and other actuarial valuation functions. Responsible for planning and directing complex financial and actuarial activities in conjunction with product implementations by performing the duties listed below, personally or through staff. This position works with all management levels across the organization, and is a direct report to the Chief Insurance Officer.
Principal Duties and Responsibilities:
- Performs analysis on profitability at a product and account level resulting in recommended actions to achieve company targets
- Responsible for the company’s rate level indication and pricing segmentation methodology. Works with Chief Insurance Officer in improving such methodology and quality of calculations by researching, developing and adopting most appropriate actuarial techniques for the company’s type of business
- Files and gains approval of rating structure and rate levels of all products
- Tracks the underwriting profitability of lines of business and accounts. Advises Chief Insurance Officer when lines of business are performing poorly, identifying root causes and recommending strategies and tactics to improve performance
- Coordinates with Management Team, Sales, Product and Finance to respond to product, account and market trends
- Supports the budget and forecasting process as needed by assessing impacts of changing rate levels
- Directs staff to continuously refine methods and models to determine pricing and profitability more accurately
- Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculation in insurance and services
- Contributes to EA Group projects and committees whose purpose is to refine pricing and profitability methodologies
Product Development and Pricing Implementation
- Work with product implementations to develop and price new product features
- Monitor trends in industry to maintain competitive products
- Assist in the Identification and recommendation of product features for prospective accounts
- Oversees the installation and initial quality assurance testing of product parameters, prices and commission models into Company’s operating system
- Coordinates with Business Excellence, IT, Reconciliation and Product Team to develop creative solutions to implementation challenges in order to meet customer needs
Management and Leadership
- Build and maintain a high performance team based culture through effective performance management, career development, communication and coaching of staff
- Manage all personnel activities of staff (i.e., hires, trains, rewards, motivates, disciplines, terminates, performance reviews, and pay discussions)
- Be a role model of CSA Travel Protection/EA USA corporate values and principles
Required / Desired Knowledge, Experiences and Skills:
- Four or more years related experience
- Two or more years in a leadership or management position
- Extensive knowledge concepts, practices and procedures in the field
Education/Certifications:
- Bachelor's degree (B. A.) from four-year college or university.
- ACAS preferred
Physical Working Environment:
While performing the duties of this job, the employee is required to stand; walk; sit for long periods of time; use of hands to grasp, handle, or feel; reach with hands and arms; finger dexterity; talk; hear. The employee is occasionally required to climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus.
The above statements are intended to describe the general nature of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of employees so classified.
Reporting and Control
This position reports directly to the Chief Executive Officers of Euorp Assistance, North America. This position leads and supports all Auditing functions across the following North American legal entities: GMMI, Inc.; Customized Services Administrators, Inc.; Trip Mate, Inc.; Generali Global Assistance, Inc.; and Generali US Branch.
Generali Global Assistance is an Equal Opportunity Employer M/F/Disability/Veteran