Manager, Actuarial

Job Summary

We are looking for a strong Actuarial Manager on our Pricing team with large state experience.

*We are ideally looking for someone to work hybrid out of our Webster, MA location preferred or Boston, MA.

We will consider candidate qualifications and may hire at a higher level, based on years of relevant experience and depth of technical ability.

The Manager, Actuarial is accountable for development of actuarial analyses, with a focus on either pricing or reserving, in accordance with CAS (Casualty Actuarial Society) principles. Additionally, the Manager, Actuarial must monitor the Actuarial Analyst and Actuary positions activities to ensure the timely and accurate completion of those analyses and related projects. The analyses will materially contribute to the overall performance of the actuarial area and the organization.

As the analyses typically rely upon complex processes, with the potential to change in connection with the organization's needs, the Manager, Actuarial will be accountable for ensuring that the processes evolve to meet those needs. While much of the work to perform this evolution will be delegated, the Manager, Actuarial is accountable to ensure that the changes are made in a timely and accurate manner. The Manager, Actuarial will also convince both internal and external stakeholders of the correct actions to be taken as a result of the analyses.

If it is believed that foundational changes to existing processes will materially improve performance, the Manager, Actuarial will define the requirements, scope, and a plan to implement those changes. While managing the implementation, the Manager, Actuarial will be responsible for knowing the implications of the changes and being able to communicate them to internal and external stakeholders, ensuring a smooth transition.

As team members will require a significant amount of knowledge and skills to carry out the analyses, the Manager, Actuarial will provide training and/or other sources of knowledge (internal or external) as necessary. To the extent that team members have a desire to advance toward CAS credentials or a management position, the Manager, Actuarial should provide support and/or training as needed.

Knowledge, Skills and Abilities

Education: Bachelor's Degree or professional level of knowledge in a specialized field, or equivalent related experience preferred.
Experience: 7 - 9 years or Associates Degree equivalent plus 9 - 11 years.
Knowledge: Complete understanding and knowledge of industry, practices, standards, and concepts within field of work and broad business segment. Solid knowledge of management practices.

Additional Knowledge, Skills and Abilities
• Thorough knowledge of Microsoft Office
• Thorough knowledge of either SAS or SQL
• Thorough knowledge of insurance operations, accounting, and regulation
• Thorough knowledge of MAPFRE's IT systems and general knowledge of policy admin/claims adjustment processes
• Extensive experience carrying out complicated quantitative analyses for insurance companies or similar organizations; preferably with products similar to MAPFRE's
• Experience with managing new and existing data sources, as well as building complex processes off of them from scratch
• Thorough knowledge of applicable industry practices, standards, and concepts
• Thorough knowledge of reinsurance and its implications on the area of focus
• General knowledge of capital management and risk management
• Ability to use these skills to modify existing processes or innovate new processes

Preferred
• ACAS credential or MBA
• 1-2 years of experience managing 1 or more actuarial employees
• Experience with Emblem
• Experience with Earnix, R, or Insure Quote preferred

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If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com.

We are proud to be an equal opportunity employer.

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