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Loggerhead · 3 hours ago

Senior Actuarial Analyst, Home Insurance

Florida, United States

Full-time

Hybrid

Mid, Senior Level

3+ years exp

Loggerhead is a property and casualty insurer that specializes in providing coverage for Florida homeowners. The Senior Actuarial Analyst will manage insurance products to ensure they are priced adequately for profitability while remaining affordable, applying expertise in ratemaking, policy refinement, and data analysis.

Commercial InsuranceInsuranceProperty Insurance

Responsibilities

Full ownership of insurance products’ profitability and competitiveness in the Florida market

Researching competitive landscape to identify industry developments and opportunities to evolve product offerings to maintain competitiveness and price adequacy

Management of rate review and filing process for insurance products to ensure timely implementation of rates, forms, and rules changes to support profitability and growth objectives

Responsibility for entire process from data analysis to filing submission, including presenting to and obtaining approval from executive leadership team

Preparation of communication to agencies and internal staff regarding product changes

Monitoring performance of assigned products including loss ratios, demographics, market and industry trends, legislative and regulatory activities, etc. to anticipate problems and proactively design corrective actions

Refinement of product strategy through the timely creation of new and improved coverage offerings, underwriting guidelines, and pricing that ensure Company insurance products remain competitive in marketplace and in compliance with laws and regulations

Manages relationships with external parties, including vendors, insurance organizations and regulators

Being a driving force to implement new products and product enhancements, including developing systems requirements and performing detailed testing

Works on ad-hoc requests for analysis, research, reports, presentations dealing with business needs

Build strong relationships with other business units and lead strategic direction for the long-term success of assigned areas

Contributing to actuarial reserving function and supporting quarterly reserve reviews and annual actuarial report and opinion

Assisting with reinsurance needs by analyzing risk-return tradeoff of various reinsurance structure options

Assisting enterprise risk management function with quantitative analysis related to various risks to which Loggerhead is exposed

Qualification

Actuarial principlesData analysisHomeowners insuranceSQLProject managementMicrosoft OfficeCommunication skillsOrganizational skillsTime managementInterpersonal skills

Required

Minimum 3 years' experience managing homeowners' insurance products

Previous experience working closely with underwriting and/or product development

Deep understanding of the homeowners' personal lines insurance market

Excellent interpersonal skills with the ability to establish working relationships with individuals at every level and across all roles within the organization

Extensive knowledge and expertise in the interpretation of data to develop strategic/tactical plans for underwriting structures and selections

Exceptional project management and organizational skills

Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint)

Proficient in SQL

Excellent verbal and written communication skills

Excellent organization and time management skills with the ability to work under pressure and in a remote environment

Ability to take complex analytical results and present them in easy-to-follow presentations

Excellent communication skills and the ability to interface at all levels of the organization

At least 4 completed CAS actuarial examinations

3+ years of actuarial experience

Expert knowledge of statutes and regulations governing the quoting, sales, bind, endorsing, servicing, and cancellation of insurance policies in Florida