Actuary (Personal Auto Planning & Monitoring)

Job Category: Actuarial

Typical Starting Salary: $120,000-$170,000

Minimum Salary: $92,000.00

Maximum Salary: $225,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

Description:

The Auto Planning and Monitoring loss team within US Retail Markets (USRM) Risk Analytics (RA) is seeking a talented Senior Actuarial Analyst/Actuary. This role is an exciting opportunity to ensure the business is achieving target profitability and driving the right business actions.

Our team is responsible for crafting a holistic and compelling opinion of the loss ratio and top-line as part of the quarterly Plan. We analyze, synthesize, monitor, and communicate emerging trends to a broad group of stakeholders.

In this role, you will perform in-depth analyses to forecast prospective frequency and severity trends. This involves digging into both internal and external macroeconomic data, identifying emerging areas of risk, performing deep dives, monitoring against forecasts, and communicating findings to key stakeholders and senior leadership.

You will collaborate with multiple teams and functional areas across the organization in the planning-monitoring system.

Responsibilities:

• Drive informed opinions on quarterly Plan reforecasts through conducting in-depth analyses to explain historical frequency and severity metrics and forecasting future loss trends.
• Monitor, investigate, and communicate drivers of results, including plan, variance-to-plan, and trends, through both the scheduled and ad-hoc processes.
• Ensure the timely delivery of planning and monitoring deliverables.
• Effectively collaborate with cross-functional areas; appropriately interpret, collect, and generate sound and consistent perspectives.
• Provide clear and concise communication of technical work to broad audiences, cross-functionally, and to senior leadership. Innovate better ways to depict and explain plan changes and monitoring insights.
• While leveraging analytical, financial, and operational knowledge, utilize advanced data skills and tools, such as SAS, SQL, VBA, and PowerBI, to drive analytical and process improvements.
• Provide mentorship to junior members of the team.

Ideal skills include:

• Strong communication with cross-functional leadership.
• Knowledge of macroeconomic industry trends impacting Personal Lines Auto.
• Pricing, indications and/or reserving experience as pertaining to trend selection.
• Experience taking open-ended business problems and finding innovative solutions.

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, 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