AVP, Strategic Pricing

  • 38219
  • Non-Life - Actuarial
  • |
  • Ohio, United States
  • |
  • Sep 22, 2020
Insurance
RESPONSIBILITIES
  • Develop and maintain a strategic roadmap for PL pricing, in partnership with PL Product, PL Finance/Pricing, Advanced Analytics and P&C Actuarial, inclusive of initiatives to advance and automate the rate making process, pricing segmentation, annual financial planning and tools and template for the pricing team.
  • Manage intake of strategic pricing projects and coordinate prioritization across PL Product, PL Finance/Pricing, Advanced Analytics and P&C Actuarial.
  • Develop business cases for projects in partnership with IT and secure funding through annual portfolio funding process.
  • Track and report on progress of projects and benefit realization.
  • Lead the development and execution of strategic pricing projects for which primary accountability falls within the scope of the PL pricing team.
  • Coordinate with PL pricing leaders and other areas as appropriate.
  • Coordinate with product, pricing, analytics and actuarial on pricing projects for which primary accountability for 'creation/modeling' sits outside of PL pricing.
  • Partner with pricing and IT teams to file and implement all pricing projects.
  • Partners with Finance and Field Product to develop operational and strategic plans and forecasts for Personal Lines.
  • Coordinates with finance on projected financial impacts of pricing segmentation / project implementation.
  • Oversees the development, implementation, and ongoing refinement of analytical tools tools/processes to enhance decision making and evaluate profitability and risk exposure for all PL products.
  • Leads ongoing efforts to automate processes and improve efficiency through the utilization of technology. This includes responsibility for increasing efficiency through current methodology and leading efforts to identify new process/technology solutions including artificial intelligence.
  • Responsible for PL Pricing data governance strategy, overseeing efforts to enhance data quality, ensuring protection of sensitive data, and representing PL Pricing as a thought leader on data governance related initiatives across the enterprise.
QUALIFICATIONS
  • Undergraduate studies in actuarial science, business, finance, mathematics, economics, or related field with strong quantitative orientation. Bachelor’s degree preferred.
  • Insurance or business related professional designations such as FCAS, ACAS, CPCU desired.
  • Typically ten years related experience. Prior management experience.
  • Ability to identify needs of the organization and develop a multi-year strategic plan.
  • Strong demonstrated ability to collaborate across teams and influence to achieve goals.
  • Ability to attract, hire and develop strong talent.
  • Strong verbal and written communication skills, including the ability to build and defend a business case, provide executive level recommendations and reporting.
  • Demonstrated ability to comprehend/explain actuarial concepts and other advanced technical concepts.
  • Ability to assimilate information and make recommendations based on a combination of factors.
  • Foundational knowledge of technology and actuarial data and tools; advanced modeling experience preferred.