Pricing Modeling Actuary

  • 35959
  • Non-Life - Actuarial
  • |
  • Illinois, United States
  • |
  • Oct 3, 2019
Insurance
RESPONSIBILITIES
  • Collaborate with executives and department leaders to identify and meet information needs.
  • Development and deployment of machine learning/predictive modeling analytic tools.
  • Analyze and validate findings, create management information tools, presentations, and visualizations based on aggregate data to find risks or opportunities, as well as, make performance change recommendations.
  • Provide support to product pricing process including completion of transmittal documents and development of proprietary rate support where needed.
  • Manage and mentor a team of analysts, assigning schedules, and projects.
  • Coordinate relationship with key analytics partners, including machine learning suite.
  • Development and advancement of team expertise and incremental technology partners to ensure skill set and capability leverages future technologies.
  • Coordinate with external opining actuary and auditing firms for interim and annual actuarial information.
  • Manage and prepare information for statutory financial statement filings including annual statement Schedule P
QUALIFICATIONS
  • Bachelor’s or Master’s Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related field is preferred.
  • Candidate should have, or is working towards, ACAS or FCAS designation.
  • Minimum five (5) years actuarial modeling experience in the Commercial P&C industry with relevant data sources and analytical methodologies.
  • Minimum two (2) years prior supervisory experience.
  • Experience working with Machine Learning Analytical Tools.
  • Experience working with cross-functional teams.
  • Creative, bright, flexible self-starter with initiative who wants to work on a fast-moving team and make a positive impact.
  • Strategic thinker.
  • Advanced proficiency in Excel, Access, VBA, and relational databases (such as SQL).
  • Proficiency in the development, documentation and communication of actuarial information.
  • Proficiency in the development of pricing indications for commercial auto products.
  • Expertise in rate filing activities.
  • Proficiency in advanced analytical techniques including multivariate and machine learning based techniques.
  • Excellent project management, organizational and analytical skills