Vice President, Lead Actuary

  • 34275
  • Non-Life - Actuarial
  • |
  • Massachusetts, United States
  • |
  • Sep 24, 2018
Insurance
RESPONSIBILITIES
  • Act as an advisor to Personal Lines leadership on business performance management. Specific responsibilities include:
  • Provide guidance and insights regarding rate direction for the Personal lines of business including rate adequacy and economic profitability.
  • Provide expert actuarial support for complex situations such as regulatory and statutory challenges, competitive intelligence, and merger & acquisition diligence efforts, where applicable.
  • Work with business unit leaders to assess quality of current programs and new business opportunities.
  • Proactively monitor businesses from both a mix and loss perspective, collaborating with leadership to assist underwriting in achievement of pricing goals, business mix, and reporting.
  • Perform line of business and market segment analysis and provide recommendations. Propose initiatives or changes in business aimed at improving strategic position and financial performance.
  • Partner with business unit CFO and Corporate Actuarial to enhance clarity into loss ratio and combined ratio results and appropriate booking of those results.
  • Key role for external projects such as Planning and Forecasting and product development initiatives Data Strategy and Reporting.
  • Collaborate with Analytics and Data Science on data strategy for Personal Lines.
  • Create, maintain and enhance reporting to business on business partners on key premium and loss metrics Talent Management & Development.
  • Develop a world-class actuarial/analytics team and capabilities in Personal lines in which the company competes focusing on developing a team of proactive, thoughtful, and exceptional performers. Accountable for financial/budgetary oversight for applicable group.
  • Pursues continuing education in actuarial profession or related fields.
QUALIFICATIONS
  • Bachelor’s Degree or higher in a relevant technical field.
  • FCAS Designation required.
  • Strong understanding of actuarial concepts, theories, and methods. A minimum of ten years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or predictive modeling
  • Experience with Personal Lines business including both Personal Auto and Homeowners.
  • Demonstrated leadership and organizational skills and executive capabilities. Minimum of seven years in actuarial or business unit management capacity.
  • Ability to work independently and in a highly matrixed environment.
  • Strong oral and written communication and listening skills, including abstract thinking and deductive reasoning.
  • Ability to function well as part of a cross-functional team Personal and Professional Competencies.
  • Exceptional leader with a demonstrated track record of leading high performing teams.
  • Strategic and insightful thinker, with good judgment and an intuitive sense of where to lead and/or look for opportunities to support the business. Decisive and appropriately resolute, but open-minded.
  • Excellent executive presence with crisp communication skills, both oral and written.
  • Ability to work in an extremely fast-paced, highly matrixed, and entrepreneurial environment. Proven track record of working hand in hand with Business Unit leaders, rolling up their sleeves to get the job done.
  • Collaborative, team player with strong results orientation and sense of urgency.
  • Demonstrate core values of Collaboration, Accountability, Respect and Empowerment.