Responsibilities:

• Manage and lead the Actuarial Pricing team, clarify job responsibilities and performance expectations, establish goals and job competencies, identify skill gaps, create development plans, coach and mentor on a continuous basis and provide performance evaluations.


• Design, implement and oversee a continuous process of rate and price monitoring to ensure actuarial soundness in the rates and prices the company charges.


• Work with underwriting and senior management to develop sound rates and pricing recommendations.


• Analyze and communicate the impact of the latest industry loss cost filings.


• Oversee the maintenance and monitoring of large account pricing models, including evaluating the performance of the models and updating parameters as needed.


• Oversee the pricing of specialized products such as retrospective rating plans, large deductibles, and other products.


• Conduct segment profitability analysis to identify profitability trends by business segment and investigate alternative approaches to segmentation.


• Advice and assist business partners with actuarial and mathematical techniques and complete analytical assignments to support business decision making.


• Provide actuarial guidance in support of the company's predictive modeling efforts, especially regarding underwriting initiatives.


• Represent the fund on actuarial committees.


• Work with and provide guidance to external consultants on matters involving rate-making, individual account pricing, group pricing, underwriting, capital modeling, and asset management.


• Perform all work in accordance with Actuarial Standards of Practice as promulgated by the Actuarial Standards Board.


• Remain current with respect to new approaches and methods utilized in rate-making and reserving.


• Testify as an expert witness on and assist in the evaluation of proposed regulations and legislation, including the estimation of premium and/or loss impacts on the company and its customers.

Qualifications

• A bachelor's degree or higher


• Successful completion of five examinations of the Casualty Actuarial Society


• Five years of actuarial experience in one or more of the following activities: actuarial or statistical work for operating units or management; governmental regulatory actuarial functions; OR performing actuarial computations for reserves, premium rates, and/or policy forms.


• Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS) and a member of the American Academy of Actuaries (MAAA) preferred.