Responsibilities:
Leadership and Mentorship:
- Lead and mentor the Actuarial department, aligning efforts with corporate goals for current and future products.
Product Pricing and Risk Management:
- Oversee the pricing of products, risk assessment, modeling, forecasting, and statistical reporting processes.
Cross-Departmental Collaboration:
- Work closely with Underwriting, Finance, Reinsurance, Product Development, and Marketing to align pricing with company goals and customer needs.
Product Changes Management:
- Ensure documentation, implementation, and monitoring of product changes, including rate, rule, and form adjustments.
Strategic Financial Policies:
- Develop and implement strategic financial policies to achieve profitability goals.
Continuous Improvement:
- Lead initiatives for continuous improvement by tracking industry trends and competitor activities.
External Stakeholder Liaison:
- Act as a liaison for external stakeholders, such as reinsurance partners.
Pricing Strategy Communication:
- Inform the executive team about pricing strategies.
Reporting:
- Prepare and present reports to various audiences, including executive-level stakeholders.
Budget Oversight:
- Oversee the creation and management of the budget.
Regulatory and Industry Knowledge:
- Maintain up-to-date knowledge of state regulations, industry trends, and company directives.
Compliance Assurance:
- Ensure company products meet state requirements and comply with regulatory standards and industry best practices.
Requirements:
Education:
- Bachelor's Degree in Actuarial Sciences, Finance, Business, or related field required
- Master's Degree preferred
- Equivalent experience may substitute for minimum educational requirements
Experience:
- Minimum of ten (10) years of relevant work experience required
- At least five (5) years in leadership roles required
Certifications:
- Fellow of the Casualty Actuarial Society (FCAS) or equivalent required
