Actuary

Job Category: Actuarial

Typical Starting Salary: $139,500 - $174,000

Minimum Salary: $117,000.00

Maximum Salary: $221,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

Description:

Are you looking to have a significant impact on the financial results of a Fortune 100 company? As a member of the Mobility Analytics team within the Majors and Mobility team in Global Risk Solutions, you will play a critical role in developing indications, pricing analysis, and recommendations for each mobility account.

You will interface with pricing actuaries at our customers, monitor and evaluate overall profit and growth results across segments, develop inputs to the financial plan, and contribute analytical support to key Mobility strategic initiatives to ensure we deliver target profitability for the Mobility portfolio and position it for future profitable growth.

The Mobility team is responsible for adapting to changing consumer preferences and emerging trends in the transportation of both people and goods and the impacts of those trends on our customers’ insurance needs.

Key segments include ridehail (e.g. Uber, Lyft), goods delivery, autonomous vehicles, next generation vehicle technology, peer-to-peer, micromobility, shared economy, and the evolution of electric vehicles and connectivity.

The role will be part of a team of 4 actuaries and report to the Mobility Analytics Actuarial Director in GRS.

Key Responsibilities:

• Price individual accounts in the Mobility portfolio, partnering with teams across both USRM and GRS
• Deliver ongoing monitoring and profitability insights
• Provide inputs to help develop the Mobility financial plan
• Support new opportunity development for potential partners in collaboration with peer teams
• Automate, standardize, and improve indication-related tools, share best practices
• Consistently deliver high levels of performance while operating in an environment of ambiguity
• Demonstrate intellectual curiosity to identify trends, potential issues, and their underlying causes
• Evaluate tactical underwriting and pricing strategies
• Effectively communicate sophisticated financial/actuarial data to varied audiences; appropriately tailor communications based on the audience
• Deliver ridehail profitability reviews
• Communicate product performance and identify optimization opportunities
• Communicate regular updates to internal and external stakeholders

Qualifications:

• Bachelor's degree required; Master’s degree preferred.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or comparable education/designation with relevant experience.
• Minimum 5-7 years relevant experience required.
• Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
• 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 motivate and train subordinates.
• Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.

Fair Chance Notices:

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