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Merchants Insurance Group · 1 day ago

Pricing Actuary

Buffalo, NY

Full-time

Hybrid

Mid, Senior Level

$100K/yr - $140K/yr

5+ years exp

Merchants Insurance Group, a leading Property and Casualty Insurer in the Northeast, is looking for a Pricing Actuary for their Corporate Actuarial team based in Buffalo, New York. The Pricing Actuary will manage pricing functions, oversee the actuarial pricing team, and ensure timely pricing recommendations in line with company objectives.

AutomotiveReal Estate

Responsibilities

Manages engagement with Product Management related to development of pricing proposals, including providing rate indications, impact analysis, and filing support

Manages pricing analysts’ day-to-day workflow, providing support and training relevant to technical pricing work, and feedback

Manages the production and enhancement of rate indications for all products, in accordance with generally accepted actuarial principles and company standards

Oversees updates to key assumptions used in development of indications, such as internal and external frequency and severity trends, and expense and profitability inputs

Manages the rate review schedule and state/product filings

Directs the evaluation and rate implementation of new products and class plans

Proactively communicates with product managers, regional managers and senior management to ensure pricing adequacy for various products

Oversees documentation and communication relating to pricing procedures

Qualification

ACASP&C Actuarial experienceSQLExcelRatemaking softwareSupervisory experienceCommunication skillsOrganizational skills

Required

4-year degree in math, actuarial science, finance, economics or equivalent work-related experience

Associate of the Casualty Actuarial Society (ACAS)

5+ years Property and Casualty (P&C) Actuarial experience

SQL or similar programming experience

Excellent Excel skills

Exceptional organization, verbal and written communication skills

Preferred

Prior supervisory experience

Radar and Emblem or other ratemaking and modeling software experience

Benefits

Welcoming and positive work environment.

Flexible work arrangements, including flex scheduling and summer hours.

Hybrid work schedule. The Hybrid work schedule will require 8 full days per month in the office, with the option to work the remaining days per month at home or in the office.

Colleague Appreciation Events.

Outstanding company bonus program.

Generous paid time off package.

Full Benefits: Health, Dental, Vision, Life Insurance, Short Term Disability, 401(k) employer match amount is 100% up to 6% of your annual contributions. You are immediately 100% vested in the employer match dollars.

Tuition Reimbursement.