Actuary

Job Description

A leading P&C insurance carrier is seeking an Actuary to join their team. In this role you will support all product lines of insurance by accessing data performing rate reviews reserve analysis and other actuarial studies; preparing rate filings and responding to inquiries from regulatory departments; and working with accounting external actuaries consultants and auditors.

Requirements

Essential Duties and Responsibilities:

• Oversee and manage projects related to Pricing.
• Lead the ratemaking process and develop pricing indications so as to attain an underwriting profit.
• Perform various Pricing projects including but not limited to quarterly rate adequacy reviews internal rate indications and analysis of internal and external data
• Support and develop Pricing tools and advance Pricing methodology in terms of data capture and analysis.
• Lead the review of new product strategies design pricing and implementation of rate changes.
• Price alternative structures as needed.
• Interact as needed with relevant regulatory authorities on filings. Testify as required in support of rate filings.
• Lead the review of new product strategies design pricing and implementation of rate changes.
• Drive process improvements and provide insight to leadership from an actuarial perspective.
• Oversee the Reserving process and projects related to Reserving including but not limited to quarterly reserve reviews and monthly IBNR roll forwards.
• Lead the development of new Reserving tools advance reserving methodology in terms of data capture and analysis and lead the design and implementation of new processes.
• Work with accounting external actuaries and auditors to provide accurate data provide reconciliations and assist with calculations resolve discrepancies and assist in any way necessary to assist in the completion of accurate financial statements with the Statement of Actuarial Opinion.
• Manage competing internal interests and workload with respect to data requirements ratemaking rate filings and product development.
• Provide data in support of actuarial product and underwriting and reserving initiatives.
• Perform data manipulation analysis and automation including but not limited to data cleansing and automated reporting.
• Perform proper data validation and reconciliation exercises.
• Present results and conclusions of analysis to other departments and senior management.
• Keep up to date on the insurance environment regulatory changes social influences and new actuarial and data methods.
• Provide leadership on special projects related to ratemaking reserving and financial analysis projects.

Education and/or Experience:

• A Bachelors degree in actuarial science mathematics risk management or a related field.
• Minimum of 8 years of actuarial experience with homeowners and commercial lines experience preferred
• Advanced proficiency in Microsoft Access Excel Work and Power Point.
• Strong data and programming experience in an insurance environment is desired.
• Proficient knowledge of SQL MySQL Oracle or similar database languages is desired.
• Proficient knowledge of R Python VBA or similar programming languages is desired.
• Advanced presentation skills.
• Project management skills. Lead project teams.

Licenses and / or Certifications:

• Associate of the Casualty Actuarial Society (ACAS) highly desired.
• Commitment to attain Fellowship in the Casualty Actuarial Society (FCAS) desired but not required.

Salary/Benefits

• $115K-$125K/year (based on experience)
• Annual Bonus
• PTO
• Full Health Benefits
• Location: Sarasota FL

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