Senior Actuarial Consultant, Pricing (Small Business)
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Job Location:
Chicago, IL - USA
Monthly Salary:
$ 130 - 190
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Description
Senior Actuarial Consultant Pricing (Small Business)
Job Summary
A Senior Actuarial Consultant Pricing (Small Business) is needed to join a growing team. This role will focus on developing and recommending actuarial pricing and rating plans of a complex nature for the Small Commercial Business Owners product. The consultant will provide insights and analysis for a nationwide book of business influencing pricing decisions and long-term strategies. This position involves collaboration with business partners at all levels as well as actuarial senior leaders serving as a trusted advisor. Prior pricing experience is strongly preferred.
Responsibilities
- Provide actuarial guidance and collaborate with business partners and subject matter experts.
- Build strong relationships with peers leaders and stakeholders to influence product strategy through actionable insights and analytics.
- Deliver analyses and insights to support pricing strategy for Small Commercial Business Owners products including developing or enhancing tools and analytics as needed.
- Proactively monitor profitability and claim trends sharing results and recommendations with leaders and underwriting partners.
- Produce detailed actuarial analyses and reports communicating findings to analytical staff and leadership.
- Stay current on actuarial practices industry trends and market developments.
- Drive innovation in actuarial processes while maintaining clear documentation of methods.
- Continuously improve processes and ensure accurate transparent documentation.
Qualifications Education & Experience
- Bachelors degree in a relevant discipline or equivalent experience.
- Minimum of seven years of related actuarial work experience.
- ACAS or FCAS designation (ACAS required).
- Strong knowledge of insurance operations and actuarial/statistical concepts preferably within a carrier environment.
- Advanced actuarial expertise and product-specific knowledge.
- Strong communication and influencing skills with the ability to present analyses effectively at various organizational levels including senior leadership.
- Excellent analytical critical thinking and problem-solving skills.
- Proven project management abilities with capacity to manage multiple priorities and lead teams.
- Sound decision-making skills within scope of authority.
- Ability to effectively manage through ambiguity challenges and change.
Compensation Package
- Salary range: $130K $190K plus bonus potential
- Comprehensive health benefits 401(k) with company match flexible PTO
- Opportunities for professional development and career growth
Disclaimer: Please note that this job description may not cover all duties responsibilities or aspects of the role and it is subject to modification at the employers discretion.
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Required Experience:
Senior IC
Key Skills
- Business Consulting
- Cognos
- Power BI
- Business Analysis
- Visio
- TFS
- SAP BW 4HANA
- Business requirements
- Strategic Planning
- Management Consulting
- SDLC
- Data Analysis Skills
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