• 34386
  • Non-Life - Actuarial
  • |
  • California, United States
  • |
  • Nov 6, 2018
  • Direct and assist staff in performing assigned duties.
  • Coach and lead staff in the development of knowledge and skills relating to the business and actuarial science.
  • Will be involved in the hiring and training of staff members.
  • Team with Product Management, Underwriting, Claims, Sales, Regulatory Affairs, Office of the General Counsel to develop strategies to achieve the corporate goals, assess the financial and marketing impact of those strategies and follow up to assure effective execution.
  • Direct the development of recommendations for rating plans, tier structures and scoring systems based on the analysis of the financial results, competitor practices and regulatory requirements.
  • Direct the development of the loss reserve analyses and recommend amounts to maintain accurate and adequate levels.
  • Direct the review of competitors' rating plans and rate levels to identify areas where they have competitive advantage and weakness.
  • Provide recommendations for changes to our rating plans based on the analysis.
  • Direct the development of required regulatory filings.
  • Team with Regulatory Affairs to obtain prompt approval of all rate filings.
  • Direct the development of loss ratio forecasts to support the budget process.
  • Provide other analysis regarding impact of legislation changes, court decisions or regulatory changes.
  • Direct the quantification of the impact and make recommendations to address the changes being made.
  • Direct the implementation of rate changes including development of requirements for Information Systems, construction and testing of the rating engines for the processing systems and development of training and communication material.
  • Direct the development of data needed to support the pricing, reserving and data reporting functions.
  • Develop specifications for the data warehouse and extracts needed.
  • Perform other duties and responsibilities as assigned or required.
  • Bachelor's degree, preferably in finance or mathematics, or equivalent combination of experience and education required.
  • Typically has at least 10 to 15 years’ experience in the actuarial field.
  • Advanced skills using computer applications including Excel, Word, Power Point and Access or SAS required.
  • Advanced analytical skills required.
  • Advanced written and verbal communications skills, along with demonstrated people management skills, organizational skills and time management skills preferred.
  • Demonstrated leadership capabilities, including the ability to develop and motivate employees highly preferred.
  • Must be a Fellow of the Casualty Actuarial Society or experienced ACAS