Actuarial Manager, PricingDRIVE PROFITABLE GROWTH FOR THE BUSINESSYour ImpactAs an Actuarial Manager on the Pricing team, you will be working under the risk function with talented team members in modeling, risk analytics, decision engine, insurance and tech product. You will report to the Actuarial Pricing Director and lead projects to deliver pricing initiatives and strategies. Your work directly contributes to At-Bay's risk assessment framework that helps with data-driven decisions involving millions of dollars of exposure. This is a multidisciplinary role that includes developing deep cyber and tech knowledge, business acumen, research, and analytical skills. This is also a hands-on operational role where you'll see in house submission, quotes and binds and understand how each risk decision will impact on the business. This role is geared towards those with management experience or looking to take the next step in their career. This role will not have any direct reports to start, however will be operating at a senior level on the team and on a managerial track as we grow the function.
Responsibilities- Lead a wide variety of pricing projects from inception to implementation, including existing rate plan updates and new product launches
- Develop and improve rate indication, including trending and adjusting premiums, losses and expenses, using appropriate statistical model and actuarial techniques
- Identify, advise and execute pricing initiatives to achieve functional strategies (often segment specific) on matters of significance, and present proposed initiatives to senior management
- Continue to provide input and strategically develop future team structure and appropriate reporting channels
- Collaborate with Insurance & Tech Product, Underwriting, Claims, and Decision Engine teams to develop products and deliver pricing initiatives
- Conduct forecasting analyses to understand the long term implications of current and proposed rate changes
- Facilitate reinsurance needs to illustrate the growth and profitability the At-Bay program
- Facilitate the risk review process and contribute to the At-bay's risk committee meetings to support the pricing & underwriting strategy.
- Create/improve tools and automate processes to improve the teams operational efficiency
Qualifications- 6+ years P&C pricing experience in an insurance company/tech company/Insurtech/consulting company
- ACAS or FCAS certification
- 1+ years serving in a direct managerial, team lead, or mentorship capacity, showcasing your ability to lead and mentor Analyst staff
- Experience leading pricing projects from end to end, and collaborating and communicating cross functionally to ensure success
- Hands-on experience with Excel, SQL as must and Python/R as strong preferred
- Strong data visualization skills, experience developing presentation materials and presenting them to leadership
- Plus if you have direct Cyber, Tech E&O, Miscellaneous Professional Liability (MPL) experience.
- Prior experience working with captives and/or reinsurers is a plus
Our estimated base pay range for this role is $175,000-$205,000 per year. Base salary is determined by a variety of factors including but not limited to market data, location, internal equitability, domain knowledge, experiences and skills. In general, if the position sparks your interest we encourage you to apply - our team prioritizes talent.
