Senior Actuarial Manager

The Sr. Actuarial Manager is responsible for reviewing pricing and reserving models and practices of Pie Insurance in support of improving Actuarial operation performance. The Sr. Actuarial Manager is expected to fulfill their responsibilities under limited guidance throughout the processes. Additionally, they are expected to maintain professional standards, develop and maintain industry knowledge, and communicate effectively to a range of audiences.

How You’ll Do It

• Execute Company Strategy:
  • Ensure consistent methods and assumptions are being used across all lines of business as part of loss trends, deep dives and regularly recurring work.
  • Guide team members in developing the loss trends storylines for Workers’ Compensation and other lines of business.
  • Manage regular reporting deliverables including competitor commentary and pure premium relativity.
  • Establish relationships and collaborate with cross-functional areas to better prioritize work within the team and support the development of insurance trends.
  • Collaborates with other actuaries and business units within Pie to ensure effective execution of actuarial data driven initiatives.
• Actuarial Analysis:
  • Develops high quality and reproducible predictive and descriptive tools for business use.
  • Closely reviews innovative models and recommends regulatory approach to innovation.
  • Monitors business portfolio KPIs such as frequency and severity trends and proactively informs senior management.
  • Collects, aggregates, and analyzes data from multiple internal and external sources.
  • Writes and maintains code to build and maintain data pipelines for production models.
  • Uses advanced actuarial techniques to discover patterns, insights, and trends in Pie data.
  • Produces sound rate level indications with advanced understanding of actuarial ratemaking methodology.
  • Works with Pie’s reinsurers and reinsurance broker to optimize Pie’s reinsurance program and creates reporting, including bordereau materials, for reinsurance partners.
  • Works with the Data team to identify and establish actuarial data requirements.
  • Completes assigned projects ensuring that they are delivered on time and within scope.
  • Provides regular status updates to senior leadership.
  • Identifies issues and recommends mitigation strategies.
  • Ensures key stakeholders are identified and regularly informed of project status.
  • Leads in the development and documentation of actuarial department processes.
• Mentor, Develop and Grow Team Members on The Team for Future Needs and Operational Excellence:
  • Support, mentor, and coach as well as provide professional development for your team. Provide continuous feedback and opportunities for career development.
  • Identify hiring needs and be the hiring manager for recruiting high quality analysts.
  • Work through conflict management needs and team member relations needs with the help and direction from the People Team.
  • Work collaboratively with the People Partner throughout the team member lifecycle, including, but not limited to hiring, onboarding, performance management, team member relations, and offboarding.

The Right Stuff

• Bachelor's Degree or equivalent experience with some college coursework is required.
• ACAS certification or ability to gain certification upon hire is required. 
• Minimum of 5-years professional actuarial experience in P&C industry is required, preferably in a commercial insurance setting.
• Experience with workers compensation is preferred.
• Prior experience managing a team is preferred.
• Advanced communication (written, verbal and presentation) skills, to deliver complex information effectively and align people with the needs of the project/team.
• Advanced problem solving skills, to be able to manage complex situations with multiple layers, and resolve to solution anticipating needs now and into the future.
• Advanced awareness of workflow, and project tradeoffs to make decisions based on needs now and into the future.
• Intermediate leadership skills with experience mentoring and/or managing junior staff.
• G-Suite Tools, Collaboration tools (slack is preferred), basic office machines.
• Expertise in SQL is required. Knowledge of Python and R is a plus.
• Creative, resourceful, and enthusiastic about seeking innovative solutions to new problems and challenges.
• Exposure to actuarial models and ability to assess results. Ability to apply mathematical concepts, traditional actuarial models of frequency and severity, standard statistical methods, modeling and simulation techniques, trend, indexing, cash flow and financial analysis.
• Ability to grasp analytic concepts and learn new tools and logic within established processes.