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Nonprofits Insurance Alliance
REMOTE, United States
2 days ago
Pryor Associates
NY, United States
24 days ago
Pryor Associates
NY, United States
30+ days ago
Pryor Associates
Remote, United States
30+ days ago
Nonprofits Insurance Alliance
REMOTE, United States
2 days ago

Description

Summary

Reporting to the CFO, the Actuary provides strategic and financial direction and support of all insurance operations for the supported companies. Job duties include working with management to monitor rate adequacy for all LOBs, independent review of reserving actuaries ultimate loss/reserve analysis, working with the reinsurance broker as needed and work with management to monitor and track trends in claims. This individual must model respect and professionalism in all dealings with others.   The Actuary is required to comfortably multi-task and should be energized by nearly constant change.  Ours is an entrepreneurial culture, led by a senior management team, but engaging the entire staff.  “Not my job” is not part of our vocabulary.  They are expected to be a true team player working across multiple departments on for the greater good and must be an example for all staff for exemplary ethical conduct.

Duties and Responsibilities

Essential responsibilities and accountabilities include the following.  Other duties may be assigned.

  • Apply advanced actuarial techniques across all tasks
  • Assist management to maintain pricing discipline appropriate to meet company goals and assure pricing fairness across membership
  • Develop and maintain various actuarial/financial models and excel spreadsheets to adequately complete analyses
  • Coordinate with external actuary and auditing firms for interim and annual actuarial information
  • Maintain appropriate participation in industry groups to keep abreast of changes in law and maintain appropriate external relationships.
  • Assist management to develop annual production goals
  • Participate on Product Development Committee to research, price and introduce new products including coverages and lines of business
  • Provide claims and profitability history, perspective and analysis to reinsurers, auditors, actuaries and other professionals as required
  • Provide management with regular statistical information and reports concerning the company’s performance
  • Understand and complies with all company policies and procedures.
  • Complete in-depth review of actuarial reserve report underlying the company reserve opinion
    • Request changes to methodology and underlying assumptions as needed
    • From an actuarial standpoint sign off on final IBNR selections
    • Provide recommendations to management about reserve changes
  • Complete quarterly actual vs expected analysis on IBNR reserves.
    • Work with management to understand material case reserve changes
    • Communicate results to management
  • Work with management on reinsurance renewal process:
    • Review reinsurers and brokers analysis on expected loss costs (if needed complete independent loss cost analysis)
    • Work with CFO on reviewing current reinsurance structure and recommending changes if needed.
  • Work with Data Analyst to develop and maintain actuarial, profitability and other reports as needed throughout the company
    • Provide actuarial methods and theories
    • Peer review models and reports for accuracy

Skills and Abilities

  • Ability to apply sound actuarial principles and maintain actuarial qualifications in compliance with regulations
  • Ability to apply practical information learned about the practices of the company to actuarial analysis and recommendations
  • Ability to clearly provide support for analyses and reasoned rationales for recommendations to management
  • Strong organizational skills 
  • Capacity to manage multiple tasks in response to both written and verbal requests.
  • High level of diplomacy and tact, combined with a strong sense of confidentiality.
  • Strong verbal and written communication skills, including ability to prepare clear and concise program documentation, user procedures, reports of work performed, and other written materials
  • Strategic thinker able to provide leadership about practical applications of current trends in information technology, computer hardware and software capabilities and limitations
  • Competent ability to request and analyze relevant data and recommend strategic action
  • Strong ability to request and analyze relevant data and recommend strategic action
  • Team player who motivates and positively engages colleagues and management and earns their trust.
  • Strategic thinker who can address future needs and trends as well as the practical application of current trends in the insurance industry
  • Strong listener, who translates user needs into operational applications
  • Competent ability to request and analyze relevant data and recommend tactical and strategic action
  • Team player with ability to motivate and positively engage colleagues and management.
  • Able to address trends in information technology, computer hardware and software capabilities and limitations
  • Expert knowledge of principles and practices of commercial insurance actuarial science
  • Expertise in Microsoft WORD, PowerPoint, Access and Outlook.
  • A power user of Excel.  Preferable to have some expertise in VBA.
  • Working knowledge of SQL and relational databases and is proficient at working with large data sets
  • While performing the duties of this job, the employee is required to climb, stoop, bend, reach or sit for up to 3 hours at a time.  The employee must occasionally lift/and or move up to 20lbs.
  • Must have adequate vision (with corrective lenses if needed) to clearly view computer screen.
  • Must have adequate hearing to perform job tasks.

Experience

  • 5 years multi-line actuarial experience.
  • Prior experience working at a senior leadership level reporting to a CFO strongly preferred

Education

  • A. or B.S. degree in Mathematics, Statistics, Actuarial Science, or related field
  • CAS Designation


Job Information

  • Job ID: 64195448
  • Location:
    REMOTE, United States
  • Company Name For Job: Nonprofits Insurance Alliance
  • Position Title: Actuary
  • Industry: Financial Services - Investment Banking & Fund Management,Insurance - Other
  • Job Function: ACAS
  • Job Type: Full-Time
  • Min Experience: 5-7 Years

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

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