Actuarial Manager

  • 33224
  • Non-Life - Actuarial
  • |
  • Illinois, United States
  • |
  • Jan 15, 2018
Insurance
RESPONSIBILITIES
  • Responsible for rate level adequacy overall line of business, products and states. Achieved by maintaining and building rate level analyses and rate monitoring and reporting tools.
  • Responsible for recommending pricing and product actions to underwriting and senior management to ensure adequate price levels.
  • Uses internal data to determine the loss ratio profitability of various lines of business, product offerings, rating plans, geographic regions, and SIC codes.
  • Responsible for ensuring that complete and accurate pricing models are developed and maintained. Responsible for training underwriters and other model users.
  • Responsible for maintaining filed rating plans to appropriately serve the customers in a changing economic environment.
  • Keep up to date on industry trends such that recommendations can be made to management regarding new business opportunities.
  • Significant experience with Workers’ Compensation, General Liability and Auto Liability Ratemaking; -Loss Reserving experience including interaction with accounting departments for quarterly reporting is preferred.
  • Working knowledge of GAAP and Statutory Accounting. Experience with reinsurance pricing, fitting loss distributions, and loss stimulation is a plus.
  • Apply Actuarial concepts to unique and diverse product lines, including business situations that may emerge in the future.
  • Manage a small actuarial staff.
QUALIFICATIONS
  • Bachelor's degree from four-year college or university.
  • ACAS with 10 years’ Casualty Actuarial experience required with a significant portion in the Commercial Lines; experience with the construction industry is a plus.
  • Strong working knowledge of Microsoft Office Products including Excel and Access.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
  • Strong planning and organization skills.
  • Ability to multi-task paired with strong time management skills.
  • Strong communication skills on multiple platforms.
  • Ability to effectively present information to top management, public groups, and/or boards of directors.
  • Ability to make informed decisions and handle pressure.
  • Attention to detail.
  • Results-oriented; eager to engage.
  • Flexibility and tenacity.
  • Ability to work in a team environment.