OverviewResponsible for management and oversight of Actuarial Pricing unit, including day to day functions and overall strategic direction. Provide support to business units as needed. Train and develop actuarial staff. Build actuarial and business expertise, including the pursuit of the FCAS designation. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Responsibilities- Supervise the performance of pricing analyses, including communication of indications to business units and assessment of loss reduction options. Attend and participate in meetings to review results and recommendations with Underwriting when appropriate, and work with staff to ensure their productive participation in meetings.
- Provide tools and guidance to assigned underwriters and management, to drive appropriate policy level and portfolio decision making. Provide front-line pricing support to business units on collaborative basis as needed.
- Provide front line field support to Field Underwriting, Corporate Underwriting and senior management in order to monitor changes to aggregate pricing levels and profitability through periodic analyses. Evaluate and communicate results to supervisor, business units and senior management when appropriate.
- Prepare special reports, data compilations, analysis of company and industry experience, as well as other ad hoc analysis requests. Communicate results directly to business units.
- Direct the maintenance and upgrades of automated systems and pricing models. Identify potential improvements and efficiencies within current processes. Lead efforts to implement these improvements, where agreed upon.
- Provide training and knowledge sharing opportunities to staff and other areas. Keep abreast of market conditions affecting the property and casualty industry.
QualificationsKnowledge and Requirements- Requires advanced actuarial and analytical skills, along with a solid financial acumen.
- Strong communication and interpersonal skills also required.
- Must effectively train and develop actuarial staff.
- Hire and retain experienced actuarial talent.
Education and Experience- College degree in Mathematics, Actuarial Science, Statistics, or Economics required.
- 5-7 years experience in Property/Casualty actuarial work.
- Actuarial Designation- FCAS or near completion.
Total RewardsSelective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and 20 days of paid time off. Additional details about our total rewards package can be found by visiting our benefits page.
The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint. Additional considerations include relevant education, qualifications, experience, skills, performance, and business needs.
Pay RangeUSD $155,000.00 - USD $201,000.00 /Yr.
