Westfield Specialty Insurance · 1 month ago
Actuarial Specialist
Westfield Center, OH, United States
Full-time
Onsite
Senior Level
6+ years expWestfield Specialty Insurance is seeking an Actuarial Specialist who will serve as a technical subject matter expert and thought leader for the actuarial department. This role involves leading actuarial projects, developing pricing techniques, and collaborating with analysts on complex analytical projects.
Insurance
Responsibilities
Directs actuarial projects while applying actuarial skills and knowledge of the Company's insurance products and operations
Completes research, ensures accuracy of calculations and analyses, and meets project deadlines
Drives stakeholder engagement effectively, communicates complex analytical business concepts and content to Actuarial leadership and business partners, and provides insights and recommendations
Leads pricing of new and existing products, collaborates with the Underwriting and Product team, and determines loss and loss expense reserve recommendations
Applies advanced actuarial methods to estimate expected losses, cash flows, and risk aggregations
Advises management on technical pricing and ensures robust economic and actuarial evaluation of commercial agreements
Provides actuarial input into portfolio monitoring, business planning, and projections
Prepares and reviews profit analysis and identifies innovative approaches to improve product profitability
Communicates product development progress and summarizes information to the local, regional, and global senior management
Leads the development of management reports that are used to monitor performance, behavior, and results of company goals and objectives, reviews the reports created by less experienced team members, and oversees the reporting process
Develops and maintains adequate knowledge and awareness of industry activities through attendance at seminars, reading trade journals and magazines, and through personal contact with other insurance companies, state regulatory bodies, and professional affiliations
Leverages extensive knowledge and experience with relevant tools, technologies, and techniques to perform moderate to advanced analyses and identifies opportunities for process improvement
Performs ongoing review and improvements of pricing and processes for greater automation, accuracy, and rate adequacy
Prepares collateral for defending state filing materials, estimates unpaid loss and loss expense liabilities, provides support to Finance Reporting, and partners with the IT team to implement rate and rule changes in rating
Qualification
Required
6+ years of Actuarial work experience
Bachelor's degree in Mathematics, Actuarial Science, Statistics, or a related field and/or commensurate work experience
Associate of the Casualty Actuarial Society (ACAS)
Knowledge of Programming Languages
Insurance Industry Knowledge
Financial Acumen
Corporate Reserving
Predictive Analytics
Statistical Analysis
Data Analysis and Reporting
Actuarial Analytics
Statistical Modelling Software
Pricing Modeling
Company
Westfield Specialty Insurance
Westfield Specialty is a prominent specialty insurance carrier, leveraging the financial strength of Westfield, a leading U.S.-based property and casualty insurance company and the well-established Lloyd’s of London Syndicate 1200.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Brad Kass
Chief Operations Officer
Manoj Jain
Chief Information Officer
Company data provided by crunchbase