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Generali Global Assistance | Travel Insurance · 6 days ago

Actuarial Manager

United States

Full-time

Hybrid

Mid, Senior Level

$160K/yr - $200K/yr

4+ years exp

Generali Global Assistance (GGA) is dedicated to helping people explore the world with confidence through their travel insurance services. The Actuarial Manager is responsible for managing the Pricing function, directing the work of actuarial analysts, and ensuring the company's pricing methodologies are effective and aligned with business goals.

Insurance

Hiring Manager

Masi Wahab

Responsibilities

Performs analysis on profitability at a product and account level resulting in recommended actions to achieve company targets

Responsible for the company’s rate level indication and pricing segmentation methodology. Works with Chief Insurance Officer in improving such methodology and quality of calculations by researching, developing and adopting most appropriate actuarial techniques for the company’s type of business

Files and gains approval of rating structure and rate levels of all products

Tracks the underwriting profitability of lines of business and accounts. Advises Chief Insurance Officer when lines of business are performing poorly, identifying root causes and recommending strategies and tactics to improve performance

Coordinates with Management Team, Sales, Product and Finance to respond to product, account and market trends

Supports the budget and forecasting process as needed by assessing impacts of changing rate levels

Directs staff to continuously refine methods and models to determine pricing and profitability more accurately

Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculation in insurance and services

Work with product implementations to develop and price new product features

Assist in the Identification and recommendation of product features for prospective accounts

Oversees the installation and initial quality assurance testing of product parameters, prices and commission models into Company’s operating system

Coordinates with Business Excellence, IT, Reconciliation and Product Team to develop creative solutions to implementation challenges in order to meet customer needs

Build and maintain a high-performance team-based culture through effective performance management, career development, communication and coaching of staff

Manage all personnel activities of staff (i.e., hires, trains, rewards, motivates, disciplines, terminates, performance reviews, and pay discussions)

Qualification

Actuarial techniquesPricing methodologyFinancial analysisMathematics knowledgeLeadership experienceTeam managementCommunication skillsCollaboration skills