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Actuarial Services Manager
Louisville, KY, United States (hybrid)
12 days ago
Brighthouse Financial
Charlotte, NC, United States (on-site)
18 days ago
Brighthouse Financial
Charlotte, NC, United States (on-site)
19 days ago
Spotlight Preferred
Actuarial Services Manager
Louisville, Kentucky, United States (hybrid)
12 days ago

Description

JOB SUMMARY                                                                                                                              

Support the insurance company leadership by overseeing the Actuarial functions.  Developing ratemaking strategies aimed to meet corporate objectives and developing strategies aimed to protect the company from risks associated with our insurance operations.  This position requires strong communication and excellent human relations skills as relationship development with company leadership is critical.

ESSENTIAL FUNCTIONS                                                                                                            

Collaborate with sales management, underwriting and claims leaders relative to underwriting operating performance and make recommendations that support a strong company business profile.

Analyze loss ratio experience, growth trends, and indications for every line of business and perform predictive modelling to support rate analyses.

Keep abreast of company and industry frequency and severity trends.

Make rate adjustment recommendations to the executive leadership team.

Supervise and assist department of insurance filings.

Supervise and assist with quarterly and annual loss reserve, anticipated salvage and subrogation, loss adjustment expense and ceded and assumed loss review analysis.

Prepare the analysis of premium deficiency reserves.

Prepare the year-end actuarial opinion on loss and loss adjustment expense reserves.

Supervise and assist as needed with completion of actuarial analyses and the annual data submission related to the AM Best Supplemental Rating Questionnaire (SRQ).

Lead the actuarial services providing technical and soft skills development plans.

Work with other managers within Accounting and Finance to provide leadership to staff and create connectivity between working groups.

Keep current on techniques for product rating and loss reserves along with reinsurance industry information.

Supervise and assist with annual budgets of premiums and losses for both direct and reinsurance business.

Oversee preparation of weekly underwriting forecasts.

Attend industry events and conferences.

Regular, predictable attendance.

This list of essential functions is non-exhaustive and may be supplemented as necessary.

OTHER RESPONSIBILITIES                                                                                                                   

Maintain working knowledge of KFB products.

Stay advised of current industry trends.

Maintain continuing education requirements.

JOB SPECIFICATIONS                                                                                                             

Physical demands: Normal vision/hearing (with or without correction); Sitting; Speaking.

Mental demands: Analytical Reasoning; Prolonged Concentration; Ability to grasp new concepts quickly; Decision making ability.

Equipment: Personal computer.

Environmental factors: Standard office lighting, temperature, and noise.



Requirements

MINIMUM EDUCATION/TRAINING REQUIREMENTS                                                         

Bachelor’s degree required preferably in a field of study demanding skill in logical problem solving, such as Mathematics, Economics, Finance, or Computer Science.

In-depth knowledge of insurance products.

Broad knowledge of an insurance company's operational areas and automated processing systems.

Fellow of the Casualty Actuarial Society preferred with at least ten years of experience in various functional areas of an insurance company, including experience in an actuarial department.

Member in good standing of the Casualty Actuarial Society and the American Academy of Actuaries.

MINIMUM EXPERIENCE REQUIREMENTS                                                               

Previous experience leading a team.

Previous experience in personal lines pricing preferred.

Previous experience and/or training in management.

Previous experience or training in Market Research and analysis.

Proven ability to organize, be creative and innovative and react in a restrictive timeframe. Deadline oriented under time restraints.

Excellent organizational skills necessary to work simultaneously on multiple tasks of moderate size and complexity.

Applicable computer software/programming knowledge.  Experience with Microsoft Excel or similar spreadsheet software is required.

Job Information

  • Job ID: 66777861
  • Workplace Type: Hybrid
  • Location:
    Louisville, Kentucky, United States
  • Company Name For Job: Actuarial Services Manager
  • Position Title: Actuarial Services Manager
  • Job Function: Actuarial
  • Job Type: Part-Time
  • Job Duration: Indefinite
  • Min Education: BA/BS/Undergraduate
  • Required Travel: 10-25%

Please refer to the company's website or job descriptions to learn more about them.

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