Manager Actuary (Homeowner State Deep Dive Analytics)

Job Category: Actuarial

Typical Starting Salary: $160,000-$200,000

Minimum Salary: $137,000.00

Maximum Salary: $257,000.00

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 the manager of the State Deep Dive team within Homeowner (HO) State Analytics, you will play a critical role in monitoring, evaluation, and strategic/tactic consultation for Personal Line Homeowners to accomplish profitable growth in our large complex states.

Your team will be responsible for assessing the profitability of programs/products and growth opportunities of our HO books in these states. You will partner with other HO Analytics subject matter experts to ensure Risk Analytics insight and deliverables account appropriately for unique state features.

Additionally, you will collaborate with the State Management team to gain deeper knowledge of the complex states and develop effective and tailored state long-term strategies and short-term levers.

This role will manage four talented actuaries/analysts overseeing advanced actuarial analyses in pricing, underwriting, and operational monitoring. Success in this role will require developing a strong depth of knowledge in HO products, pricing and non-rate levers to achieve profitable growth, competitor landscape, regulatory constraints, and industry trends.

This role will involve broad collaboration with analytical teams throughout the organization and strong communication skills to share insights and gain buy-in with other functional areas.

This is an exciting opportunity where your work will greatly influence state-level strategies, decision-making, and contribute to Liberty’s goal of being a top 3 Global P&C Insurer.

**This role may have in-office requirements dependent upon candidate location.**

Responsibilities:

• Perform advanced actuarial analyses in the following areas: valuation/reserving, pricing, product development, research/support, business planning, and finance.
• Manage the process by which we set peril-specific base rates for each of our states, brands, and programs.
• Review and share state-specific insights and assumptions to refine actuarially sound and customized indications for Home new and renewal books in the large complex states.
• Develop, track, and utilize appropriate actuarial techniques and methodologies to forecast profitability at the state level to account for state-specific considerations while aligning with countrywide guidance.
• Develop a deep understanding of the complex states in various aspects that contribute to the success of the whole state operations and underwriting economics.
• Independently identify, research, and address knowledge gaps in our understanding of state unique market and regulatory environments.
• Collaborate with Actuarial, Finance, Claims, Product, Data & Modeling, Product Design, and other teams in Risk Analytics to assess and improve profitability positions in the complex states.
• Understand our business competitiveness and pricing accuracy across various segments in these states; highlight states/segments that are performing better/worse than expected based on key metric assumptions and state features.
• Communicate findings and emerging trends to stakeholders, make effective action recommendations, and provide state profit and growth tactics insights.
• Attract, select, manage, and develop talent, considering individual styles, strengths, and career objectives.

Qualifications:

• Bachelor's degree required; Master's degree preferred.
• Fellowship in the Casualty Actuarial Society (FCAS) or near-FCAS designation preferred.
• 5-10 years progressively responsible experience, including supervisory experience.
• Ability to foster teamwork and relationships across organizational lines.
• Knowledge of underwriting concepts including company/agency relationships' importance to business success.
• Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals.
• Advanced decision-making, problem-solving, and analytical skills.
• Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences.

Fair Chance Notices:

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