Vacancy expired!
REMOTE opportunity Responsible for managing and coordinating day-to-day
office operations and workflow of actuarial unit. Manage, motivate and
develop actuarial staff. Exchange information with staff and offer
assistance in addressing workflow needs. Manage all resources associated
with the actuarial operations unit including performing advanced level
actuarial analysis, manage department workload and priorities, maintain
efficient processes, and communicating results. Aid department director
in strategic planning. RESPONSIBILITIES/TASKS: Analyzes data and
presents analysis in a format appropriate for pricing, loss reserving,
product development, reinsurance and other financial analysis.
Effectively communicates, makes recommendations, and presents data to
appropriate personnel. Prepares commentary for executive management
regarding profitability trends and their causes. Works with various
business units to help create and drive strategic plans and metrics.
Monitors premium and loss ratio projections, communicates status to
Operating Units and the Holding Company. Acts as a liaison to Finance
and assists in annual profit planning process and expense forecasting as
necessary. Participates in loss reserve analyses and monitors reserve
levels throughout the quarters. Presents loss reserve analysis to
executives and identifies key assumptions underlying results. Monitor
profitability of various segments makes recommendations to take
corrective action as necessary, and monitors action plans. Maintains
and helps design pricing, reserving, reinsurance and forecasting models.
Represents Actuarial on corporate projects as needed. Provides
support and peer review to the Capital Modeling team and the Capital
Allocation process. Works with the Enterprise Risk Management team on
identifying on monitoring risks. Assigned advanced special projects
as needed. Specific tasks that will need to be overseen may include,
but are not limited to: Direct work with one or more operating units
to help with strategy and planning. Quarterly reserving analysis.
Rate reviews and filings. Reinsurance oversight including pricing,
data submission, and relationship with brokers. Forecast model
updates. Ad Hoc industry financial analysis. Pricing tools and
analysis (large account pricing workbook and segmentation tools).
Dividend and Retro Accruals. Monthly booking process with Finance.
Monthly scorecard updates. Provide guidance, training and leadership
to employees and mentor other actuarial analysts. Assure appropriate
level of documentation in regards to actuarial department and
procedures. Ensure efficient and effective use of company resources,
evaluate processes and procedures, and develop new procedures. Assist
in the creation of a department strategic plan that supports corporate
initiatives. Regularly communicate issues or progress to department
director. Adhere to deadlines, ensure work is completed on a timely
basis. Participate in development of annual departmental budget.
Act as a subject matter expert for communication used for the parent and
board of directors. Ensure that all material produced is of utmost
quality, is internally consistent, and is completed in timely manner.
Institute a peer review process for critical deliverables and provide
peer review support for other processes as requested. Exercise
discretion when communicating outside of department. Maintain
confidentiality of information processed as appropriate. This position
description identifies the responsibilities and tasks typically
associated with the performance of the position. Other relevant
essential functions may be required. DIRECTION EXERCISED: Directly
supervises exempt and non-exempt staff in accordance with company
policies and applicable Federal and State Laws. Responsibilities include
but are not limited to effectively interviewing, hiring and training
employees; planning, assigning and directing
Full-time