Managing Associate Actuary

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Cincinnati, OH
$110,000 - $180,000
Job Type
Direct Hire
Apr 06, 2017
Job ID
Our client is a major premier property & casualty insurance corporation.  We currently have a key role for a Managing Associate Actuary at their corporate Cincinnati, OH HQ.  To qualify for this position, you need to have a Bachelor's degree in Actuarial Science, Mathematics or Statistics with strong quantitative analysis, 7+ years in an actuarial capacity at a large property & casualty insurance company, ACAS and be a Member in the American Academy of Actuaries (MAAA).  The company offers an attractive compensation package, bonus and relocation assistance.  CANDIDATES MUST BE US CITIZENS OR PERMANENT GREEN CARD HOLDERS.  The company is anxious to hire!

Candidates for this position must have 7+ years actuarial experience in Property & Casualty insurance, must be a MAAA (Membership in the American Academy of Actuaries) and must be a ACAS, must have management supervision experience.  Experience building and working with predictive models for Property & Casualty rate making.  Experience working with catastrophe models.  Advanced statistical degree. 

Job Description Actuarial Managers in the Pricing organization are in a unique position to influence the financial results and direction of the company.  Our managers are critical members of the Regional Teams/Business Unit Teams that are charged with developing strategies for profitable growth in their assigned region/division.  The actuarial manager’s responsibilities include:
  • Train, Develop and Supervise 2-3 direct reports (Actuarial Students)
  • Lead analysts in the development of rate adequacy reviews for all lines of business and communicate the results to the business
  • Issue Actuarial Opinions related to pricing
  • Collaborate with Product Management in the selections of pricing levels for each state and line of business
  • Provide Actuarial support and opinions in support of rate filings
  • Together with the Regional Team, develop Annual Financial Plans and strategies to drive profitable growth
  • Lead in the development of Annual Loss Ratio Plans
  • Maintain an expert level of actuarial technical skills and compliance with AAA or CAS continuing education requirements
  • Lead in the development of new or enhancements to actuarial methods
  • Lead analysts in special studies
  • Ensure compliance with all Actuarial Statements of Principles and Standards of Practice
  • Together with the other Actuarial Managers participate in the selection of new associates and  management of the Actuarial Student program
  • Work with the Predictive Modeling team on the development and implementation of new class plans
Actuarial managers interact regularly with Product Management, Marketing, Sales, and Portfolio Analysis.  There are opportunities to enhance and further develop their business acumen by working and interacting with associates from Claims, Underwriting, Finance, IT, Reinsurance Brokers,  and other Actuaries.
Qualifications Required:
  • ACAS
  • Membership in the American Academy of Actuaries (MAAA)
  • 7+ Years experience in an actuarial capacity in Property Casualty Insurance
  • Bachelors degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis.
  • Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
  • Demonstrated ability to think logically and perform analysis in a timely manner.
  • Demonstrated superior level of written and oral communication skills.
  • Demonstrated ability to interact effectively with areas of the company outside Actuarial
  • Strong command of Excel as well as some knowledge of programming and databases such as SQL, Visual Basic and Macros
  • Management experience
  • Experience building and working with Predictive Models for Property Casualty rate making
  • Experience working with Catastrophe models
  • Advanced Statistical degree