Lead Actuary
2 days ago
The Edward Daniels Group is seeking a skilled Lead Actuary to join our team. In this role, you will have the opportunity to lead and manage the Actuarial Pricing team, clarify job responsibilities and performance expectations, establish goals and job competencies, identify skill gaps, create development plans, coach and mentor on a continuous basis, and provide performance evaluations.
Responsibilities:
• Design, implement, and oversee a continuous process of rate and price monitoring to ensure actuarial soundness in the rates and price charges.
• Work with underwriting and senior management to develop sound rate and pricing recommendations.
• Analyze and communicate the impact of the latest industry loss cost filings.
• Oversee the maintenance and monitoring of large account pricing models, including evaluating the performance of the models and updating parameters as needed.
• Oversee the pricing of specialized products such as retrospective rating plans, large deductibles, and other products.
• Conduct segment profitability analysis to identify profitability trends by business segment and investigate alternative approaches to segmentation.
• Advise and assist business partners with actuarial and mathematical techniques and complete analytical assignments to support business decision-making.
• Provide actuarial guidance in support of predictive modeling efforts.
• Represent the WC Fund on actuarial committees.
• Work with and provide guidance to external consultants on matters involving ratemaking, individual account pricing, group pricing, underwriting, capital modeling, and asset management.
• Perform all work in accordance with Actuarial Standards of Practice as promulgated by the Actuarial Standards Board.
• Remain current with respect to new approaches and methods utilized in ratemaking and reserving.
• Testify as an expert witness on and assist in the evaluation of proposed regulations and legislation, including the estimation of premium and/or loss impacts on the firm and its customers.
Requirements:
• 5+ years of actuarial experience
• Successful completion of at least five examinations from the Casualty Actuarial Society
Salary: $120,000 - $180,000 per year
Our company offers a competitive salary and benefits package, including medical, dental, and vision insurance, 401(k) matching, and paid time off.
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