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EMPLOYERS · 1 day ago

Manager, Actuary

United States

Full-time

Remote

Senior Level, Lead/Staff

$120K/yr - $185K/yr

10+ years exp

EMPLOYERS is a dynamic, fast-growing provider of workers' compensation insurance and services. The Manager and Actuary position involves overseeing actuarial analysis, managing a team, and improving processes while supporting the company's actuarial functions and initiatives.

FinanceFinancial ServicesInsurance

No H1B

Responsibilities

Prepares and manages at least one significant segment of EMPLOYERS actuarial analysis for rate filings, reserving, data validation, products, and/or research. This includes utilizing actuarial systems and programming skills to access and organize the data, performing the applicable actuarial calculations, analyzing moderate to complex information, evaluating results and the accuracy of inputs, and updating exhibits and slides

Complete actuarial analysis and other assigned tasks on time and in keeping with corporate and professional standards, including all documentation, and proactively communicate project progress and status to relevant parties

Continuously identify and implement improvements to existing processes/procedures, with a focus on quality and efficiency

Identify, investigate, and resolve problems using advanced actuarial techniques, deviating from established procedures and incorporating new techniques when necessary

Act as a technical and peer reviewer for others’ work, asking probing questions when needed. Work with other technical and peer reviewers to incorporate all changes and commentary

Present results and insights to peers, senior staff, and other departments as needed, as well as answer complex follow-up questions

Request and provide respectful and candid feedback on technical and non-technical items

Demonstrate knowledge of impacts of business decisions on other company business units and on the company’s financial results

Build constructive and effective relationships across the company, and provide training and guidance to junior actuarial team members and other staff

Participate in cross-departmental projects and working groups as needed

Manage assigned actuarial direct report(s), providing leadership and promoting company initiatives and culture. Mentor, develop and teach assigned direct report(s) in actuarial work and exam progress. Participate in managerial trainings and other manager-specific activities

Leads at least one significant area below, including setting up meetings, keeping notes, and ensuring deadlines are met: Rate indications, Profitability Reviews, Development of new insurance products, Preparation and defense of rate and rule filings, Development and maintenance of pricing tools and dashboards, Transactional pricing/loss rating for large accounts, Predictive modeling work in the development of new versions of the pricing model, Analysis to determine the Budget Loss Ratio, and other Financial Plan components, Cost Benefit Analyses for new business opportunities

Demonstrates mastery of most of the areas listed above

Leads at least one significant area below, including setting up meetings, keeping notes, and ensuring deadlines are met, and prepares or assists in preparing actuarial analysis and support, including: quarterly loss reserve analysis, on a gross and net-of-reinsurance basis, company balance sheet liabilities, quarterly/annual financial statements, including exhibits and reports, quarterly/annual actuarial reports, including the Statement of Actuarial Opinion, for each company and segment, audit request materials, data calls for NCCI, WCIRB, and other bureaus, requests from actuarial pricing (in the preparation of rate indications, profitability reports, and other applications) and other units, collaborate with other departments (e.g. Pricing, Finance, Claims) to gather information to improve the accuracy of the reserving estimates

Demonstrates mastery of most of the projects listed above, in addition to internal and external (bureau and other) data sources and actuarial methods

Qualification

Actuarial analysisFCASACASLeadership experienceExcelSQLPredictive modelingCommunication skillsTeam collaborationDetail orientedCreative problem solving

Required

10-15 years' actuarial related work. Leadership experience preferred

Must have a solid working knowledge of Excel, Word, and PowerPoint

A current knowledge of or a capacity for learning to use other software products such as SQL, VBA, R Python, and/or commercial pricing and reserving tools is expected

Must be detail oriented and capable of working with minimal supervision

Must be independent and creative in analyzing business results, developing appropriate solutions or alternatives to problems and effectively communicating related issues and results to management

Must work well in a team-oriented, collaborative environment

Must possess effective written and verbal communication skills

Certification

Must have a bachelor's degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business