Lead pricing activities across major commercial and personal lines of business; apply expert-level actuarial techniques to recommend profitable pricing structures and contribute to financial performance.
Oversee development of rate filings, monitor regulatory and rate bureau activity, and collaborate with senior leadership on corporate rate matters.
The ideal candidate will reside in the Harrisburg PA area.
Oversee preparation of rate filings with supporting exhibits and documentation reflecting regulatory issues.
Monitor activity of rate bureaus and regulator agencies.
Stay informed of changes, developments, and new research in ratemaking.
Represent the company in external rate bureau and industry committee activities to improve actuarial methods.
Clearly communicate recommendations to the Loss Reserve Committee, Underwriting Operations management, or ERM Committee; and management about corporate rate and reserve issues.
Conduct research and make recommendations on emerging actuarial topics.
Develop or direct the development of computer application systems for analysis, manipulation, and reporting of actuarial data.
Advise and act as consultant to Underwriting Operations and Claims with regard to data analysis.
Plan and direct all actuarial pricing activities for major lines of business; supervise Pricing Analyst and staff; mentor and assign authority over Rate Analyst, Pricing Analyst, and Actuarial Assistant(s).
Analyze data to make profitability recommendations; perform other duties as assigned by Senior Actuary or VP Actuarial.
Interact with all levels internally and with external regulatory agencies.
Interpreting and applying regulatory requirements, and ensuring compliance with audit trails.
Requirements
Bachelor of Science degree in mathematics, actuarial science or similar curriculum providing rigorous analytical training
Associate of the Casualty Actuarial Society required, Fellow preferred
Minimum of 6 years of general Actuarial experience, with prior 4 years in ratemaking preferred
High level of quantitative analytical skills
Familiarity with property and casualty insurance accounting and finance
Proficiency in spreadsheet and database software
Familiarity with legal and regulatory requirements for ratemaking and filing