Key Responsibilities:
- Develop and refine actuarial pricing models for Personal Auto insurance products.
- Conduct thorough analyses of loss trends, market conditions, and competitor pricing to inform strategic decisions.
- Lead and mentor a team of actuaries, fostering a collaborative and innovative work environment.
- Collaborate with underwriting, product development, and marketing teams to align pricing strategies with business goals.
- Present findings and recommendations to senior management and stakeholders.
- Monitor and evaluate the performance of pricing models and make adjustments as necessary.
- Stay updated on industry trends, regulations, and best practices in actuarial science and pricing strategies.
Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- FCAS or ACAS designation, or actuarial designation progression.
- 5+ years of experience in actuarial pricing, preferably in Personal Auto insurance.
- Proven leadership experience with a track record of managing and developing a team.
- Strong analytic and problem-solving skills, with proficiency in statistical software and programming languages (e.g., R, Python, SAS).
- Excellent communication and presentation skills, with the ability to convey complex concepts to non-technical stakeholders.
- Familiarity with regulatory requirements and industry standards related to insurance pricing.
