Associate Actuary - Property and Casualty - (Remote)

What you will do:

Leads the design and development of the economic capital modeling program for current or new insurance, banking, or member services and products. Oversees scheduled capital model updates to ensure capital adequacy and appropriate returns on capital. Informs and influences business leaders in the interpretation of the capital modeling data Assists management in the development of short and long term capital forecasts to ensure meeting corporate profitability, growth, and capital adequacy goals. Oversees the development and execution of stress testing framework. Formulates and interprets complex mathematical models using a variety of software and actuarial tools. Trains, supervises, and mentors actuarial analysts in the completion of project work and actuarial exams.

Provides recommendations for improving methods, analysis and data gathering techniques used by the ERM team and broader organization. Assesses the impact of assigned projects on the organization in terms of underwriting, claims, marketing, finance, banking and other business areas. Keeps current on new legislation/requirements. Provides management with sound recommendations regarding changes to capital planning. Keeps current on actuarial issues, software tools and emerging issues affecting product lines within insurance, banking and membership. Prepares budget estimates and projections for review and ensures resources are adequate to support current and planned goals and objectives.

Supervisory Responsibilities:

Participates in the department process related to the selection, hiring, training, and development, coaching and counseling of assigned staff. 

Work Environment

Remote Work environment. Must reside in Michigan, Illinois, Indiana, Minnesota, Wisconsin, Colorado, North Carolina, South Carolina, Iowa, Nebraska, Florida, Georgia, or Tennessee.

How you will benefit:

Excellent and comprehensive benefits packages. Benefits include: 401k Match Medical Dental Vision PTO Paid Holidays Tuition Reimbursement

Qualifications:

We’re looking for candidates who:

Preferred Qualifications

Extensive experience in personal lines Property and Casualty with specific focus on enterprise risk management.

Master or Doctoral Degree in Mathematics, Actuarial Science, Statistics or related field.

Professional Designation such as: Certified Financial Analyst (CFA), Chartered Enterprise Risk Analyst (CERA), Financial Risk Manager (FRM), etc.

Knowledge of NAIC ORSA, Solvency II, Basel, and broader insurance and banking regulatory environment

Required Qualifications

Education (include minimum education and any licensing/certifications):

Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.

Designation of Fellow of the Casualty Actuarial Society.

Maintain eligibility in the Actuarial Professional Development Program following department guidelines

Experience:

6 years of experience in an actuarial environment

Coordination and execution of projects

Managing actuarial students

Use of statistical tools and software applications to complete assignments

Preparing reports and exhibits for management review

Analysis of technical studies and data and draw sound conclusions

Experience in four or more of the following:

Preparing quarterly rate indications

Formulating and interpreting mathematical rate making models

Preparing property and casualty rate filings

Preparing competitive product and rate comparison analysis reports

Calculating reserves

Pricing property and casualty insurance products

Designing property and casualty insurance products

Completing actuarial research relating to insurance operations

Experience in five or more of the following:

Developing, improving, and maintaining economic capital models

Formulating and interpreting mathematical models

Calculating reserves

Pricing property and casualty insurance products

Completing actuarial research related to insurance operations

Incorporating economic scenario generators into asset modeling

Analyzing and interpreting catastrophe model output

Modeling of financial risks, including credit, market, liquidity, and operational risks

Knowledge and Skills:

Ability to manage and train Actuarial staff in the following:

Analysis of premium, claim, expense and economic data

Completion of management reports, rate filings and pricing analysis

Ability to:

Make oral presentations to business units

Represent the department on inter-department teams