Actuarial Manager

The Actuarial Manager, supporting the direct-to-consumer and partnerships channels, serves as a subject matter expert with primary responsibilities in reserving, rate indications, and claims analysis for the Auto and Homeowners lines of business. This role is also responsible for researching new approaches to business issues and developing frameworks to incorporate these concepts into our reserving and rate indication processes. The candidate is expected to extract and leverage information and insights from relevant internal and external data sources to evaluate and communicate key business drivers impacting our financial performance.

 

Candidates with more senior-level experience are encouraged to apply and will be considered for appropriately scoped roles.

 

RESPONSIBILITIES

• Responsible for reserving analysis, using both traditional and current non-traditional methods; will also be responsible for developing new non-traditional methods.
• Responsible for rate indication analysis, using both traditional and current non-traditional methods; will also be responsible for developing new non-traditional methods.
• Responsible for loss trend analysis, using both internal and external data, to understand the drivers and potential future outcomes of both frequency and severity trends.
• Develops and analyzes key claims metrics and statistics to improve accuracy of reserve estimates.
• Works with Finance team to ensure accurate booking of bulk reserves.
• Assist claims management with developing new reports for operations management; and with claims initiative analysis, including helping to develop new processes and measuring profitability impacts.
• Maintain an external network within the insurance industry to track emerging trends and approaches to business issues.
• Responsible for managing and developing actuarial team members.
• Serve as a mentor to other team members on aspects of project work, insurance and general business knowledge.
• Perform other job-related duties as assigned.

 

QUALIFICATIONS

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
• 5+ years of actuarial experience in a similar professional environment; Prior management experience preferred but not required.
• Associate or Fellow, Casualty Actuary Society (ACAS or FCAS).
• Proven experience with loss reserve, rate indication and claim metric analysis, including the implementation of new approaches that enhance ongoing analysis.
• A thorough understanding of the insurance industry is required.
• Expert Excel Skills required; Advanced Querying Skills (SQL) preferred.
• Proficiency with reserving software (ResQ or similar tools) required.
• Superior project management and problem-solving skills.
• Specializes in conceptualizing complex issues, identifying data sets and approach, leading the analysis and communicating the results to both technical and non-technical audiences.
• Confidence in taking ownership of challenging business issues and seeing issues through to resolution.
• Superior critical-thinking and insatiable intellectual curiosity.

 

SALARY RANGE

The pay range for this position is $153,000 to $208,000 annually. Actual compensation will vary based on multiple factors, including employee knowledge and experience, role scope, business needs, geographical location, and internal equity.​

 

PERKS & BENEFITS

• 4 weeks accrued paid time off, 8 paid national holidays per year, and 2 floating holidays
• Low cost and excellent coverage health insurance options that start on Day 1 (medical, dental, vision)
• Annual 401(k) Employer Contribution
• Free onsite gym and health center at our Woodbridge Location
• Resources to promote Professional Development (LinkedIn Learning and licensure assistance)
• Robust health and wellness program and fitness reimbursements
• Various Paid Family leave options including Paid Parental Leave
• Tuition Reimbursement 

 

ABOUT THE COMPANY

The Plymouth Rock Company and its affiliated group of companies write and manage over $2 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 1,900 people and is headquartered in Boston, Massachusetts. Plymouth Rock Assurance Corporation holds an A.M. Best rating of “A-/Excellent”.

 

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