Actuary (Public Entity)

Job Description

Job Category: Actuarial

Typical Starting Salary: $142,800 - $177,000

Minimum Salary: $120,000

Maximum Salary: $225,000

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

The Middle Markets and Industry Analytics and Actuarial team is looking for an Actuary to assess the overall book profitability and growth of our Middle Markets Public Entity book of business. With $400M+ in inforce premium, this individual will support Public Entity growth and profitability goals by producing accurate, trusted, and holistic assessment of financial health and proactively identifying solutions to ensure the path to profitable growth.

This individual will be required to work closely with Underwriting, Product, and Actuarial teams. The successful candidate will possess excellent analytical and communication skills, as well as a demonstrated ability to execute thoroughly in a collaborative environment.

If the selected candidate lives within 50 miles of a GRS office, the expectation is for the candidate to be in the office two times/week for collaboration. This policy is subject to change.

Job Responsibilities:

• Lead regular LOB and segment deep dives to identify performance drivers and develop actionable rate and non-rate recommendations to meet target returns.
• Identify emerging issues and variables with predictive power to improve risk segmentation.
• Own profitability for Public Entity coverages, including semiannual rate indications, rater maintenance, and segmentation enhancements.
• Provide account level pricing and modeling support to underwriters.
• Build and implement process and data improvements in collaboration with LOB teams and cross-functional stakeholders.
• Support additional projects as needed, including Life Sciences, Multinational, and account segmentation scoring.

Preferred Qualifications:

• Strong knowledge of actuarial techniques and standards, and familiarity with related business functions (finance, underwriting, claims, legal, sales, etc.).
• ACAS or FCAS designation strongly preferred.
• Minimum 5–8 years of relevant experience.
• Advanced communication and interpersonal skills with the ability to build relationships across the organization.
• Demonstrated ability to mentor peers and develop junior staff.
• Experience in Public Entity business preferred but not required.

Qualifications:

• Bachelor's degree required; Master’s degree preferred.
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) 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 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