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Kemper · 1 week ago

Actuarial Pricing Manager

United States

Full-time

Remote

Mid, Senior Level

$112K/yr - $187K/yr

5+ years exp

Kemper is one of the nation’s leading specialized insurers, and they are seeking an Actuarial Pricing Manager to manage and supervise actuarial analysts. The role involves performing complex pricing analyses, developing pricing strategies, and ensuring compliance with actuarial standards while supporting the organization’s financial objectives.

ConsumerFinancial ServicesInsurance

No H1B

Responsibilities

Robust understanding of actuarial pricing methodology

Oversee the production of sound premiums and policy values

Support state filing process with actuarial certification (regulatory sign-off), actuarial memorandum and support, and correspondence with regulators, and documentation of assumptions and/or analysis

Ability to perform complex pricing analyses, such as premium calculations, policy value calculations, sensitivity testing, compliance testing and ad-hoc analysis

Assist with and enforce best practices in quantifying, validating, and preparing proposed premiums

Prepare actuarial proposals for management and business partners

Pull, aggregate, and query experience data

Develop recommendation on premiums and policy values to satisfy financial objectives of the organization

Perform complex experience analysis (e.g. mortality and lapse analysis)

Automate and enhance processes to improve efficiencies

Support and/or lead the development and design of new plans, programs, processes, products up to moderate complexity

Oversee financial forecasting/planning process

Complete pricing projects and ad-hoc requests

Develop management information to inform business partners on the health of the business

Communicate effectively with management and business partners

Adhere to internal and external compliance requirements/standards

Assist with the development of junior-level staff

Develop skills through continuing education opportunities

Meet expectations for Society of Actuaries (SOA) exam progress and/or continuing education

Qualification

Actuarial pricing methodologyActuarial modeling softwareVBASQLPythonLife Insurance experienceAnalytical skillsFinancial reportingCommunication skillsOrganizational skillsInterpersonal skillsTeamwork

Required

5-7 years of experience as an actuarial analyst, including Life Insurance experience

Associate (ASA) or Fellow (FSA) of the Society of Actuaries or the equivalent from other organizations or demonstrates equivalent knowledge

Bachelor's degree in actuarial science, mathematics, statistics, economics or related field, or the equivalent in related work experience

Robust understanding of actuarial pricing methodology

Oversee the production of sound premiums and policy values

Support state filing process with actuarial certification (regulatory sign-off), actuarial memorandum and support, and correspondence with regulators, and documentation of assumptions and/or analysis

Ability to perform complex pricing analyses, such as premium calculations, policy value calculations, sensitivity testing, compliance testing and ad-hoc analysis

Assist with and enforce best practices in quantifying, validating, and preparing proposed premiums

Prepare actuarial proposals for management and business partners

Pull, aggregate, and query experience data

Develop recommendation on premiums and policy values to satisfy financial objectives of the organization

Perform complex experience analysis (e.g. mortality and lapse analysis)

Automate and enhance processes to improve efficiencies

Support and/or lead the development and design of new plans, programs, processes, products up to moderate complexity

Oversee financial forecasting/planning process

Complete pricing projects and ad-hoc requests

Develop management information to inform business partners on the health of the business

Communicate effectively with management and business partners

Adhere to internal and external compliance requirements/standards

Assist with the development of junior-level staff

Develop skills through continuing education opportunities

Meet expectations for Society of Actuaries (SOA) exam progress and/or continuing education

Preferred

Experience managing actuarial analysts

Proficiency in VBA

Proficiency in SQL, SAS, Python or R

Proficiency in actuarial modeling software (e.g. GGY-AXIS, MG-ALFA, PolySystems, etc.). GGY-AXIS actuarial modeling is strongly preferred

Strong analytical skills

Strong understanding of actuarial ratemaking methodologies and practices

Advanced understanding of financial reporting (e.g. GAAP, Stat, income statement, balance sheet, etc.)

Perform actuarial pricing analysis independently and makes reasonable assumptions/judgments

Understand and make observations on market implications of business strategies

Creative problem-solver with strong quantitative skills that can spot patterns, trends, and opportunities in data

Propose and implement improvements in actuarial methodologies and analyses

Strong written and verbal communication skills to convey complex topics in an understandable, concise manner to both technical and non-technical audiences

Organizational skills including time management and the ability to handle multiple priorities

Track own plan performance and project timelines

Work effectively to meet deadlines

Proven contributor of ideas for enhancements in procedures and processes to improve efficiencies

Take initiative to lead projects of both a technical and non-technical nature

Ability to review others' work for reasonableness and identify opportunities for enhancement

Develop actuarial staff

Interpersonal skills

Works effectively in a team environment