Property Pricing Actuary (P&C)

Job Description

Job Category: Actuarial

Typical Starting Salary: $160,000-$175,000

Minimum Salary: $117,000.00

Maximum Salary: $221,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

Application Deadline: 4/11/2025

Description:

North America Pricing is looking for an Actuary who will be responsible for supporting the pricing of Major and Middle Single Carrier Property business. In this role, you will help lead the business segment's profit, growth, and operational objectives by performing actuarial analyses for these growing and evolving lines of business.

You will be responsible for traditional actuarial rate making analysis, including rate indications, profit reviews, and new product pricing and filings. Supporting the integration of MMIA business into processes, pricing, and existing portfolio analyses will be a focus and critical goal.

This position will act as a direct support for the Property segment leaders, helping drive the strategic vision through partnerships with a variety of internal customers, including DSS, product, analytics, finance, reserving, and systems groups.

Role requires a highly organized, self-motivated individual with strong technical skills as well as collaboration and communication. A highly preferred candidate will also have Property pricing, DOI engagement, systems engagement, and R coding expertise.

Responsibilities:

• Build deep expertise and insight into Single Carrier portfolios and data.
• Support of pricing models, filed rating algorithms, data, and processes.
• Assist in overseeing the annual indication and profit review process for influencing pricing levels.
• Provide insights necessary to support the effective use of rating models and areas of opportunity.
• Review, revamp and/or create rate change methods and processes for individual segments.
• Directly support pricing requirements for new products and coverages, including rate filings.
• Collaborate cross-functionally to achieve business objectives and meet field demands.
• Support product ratemaking, underwriting, and analytics operations with data-driven analytics.
• Identify data requirements for analysis, tool development, reporting, and decision making.

Qualifications:

• Bachelor's degree required; Master’s degree preferred.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred or comparable education/designation with relevant experience.
• Minimum 5-7 years relevant experience required.
• Sound knowledge of actuarial techniques and standards.
• Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
• Ability to motivate and mentor peers and train subordinates.
• Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.
• Knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments.
• Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.
• Strong technical skills and tool building capabilities (R experience is preferred).

Fair Chance Notices:

We are dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact.

• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco