Internal Job TitleActuary, Homeowners Operational Monitoring

Posted 1 weeks ago

Description

The Homeowners Operational Monitoring team within US Retail Markets PL Property & Specialty Analytics, CW Analytics, is looking for an Actuary. The team is responsible for driving the right CW actions to achieve profitability then profitable growth by partnering broadly across USRM, developing new and renewal business rate and non-rate strategies, monitoring internal and external information to find opportunities to improve business performance, and initiating and gaining buy-in on results of deep dives into key problems. The analyst will maintain and improve upon monitoring frameworks to provide efficient, quick, meaningful and actionable insights to the organization in our pursuit to achieve our goals.

The successful candidate will have strong technical skills, the ability to turn data into meaningful qualitative insights, a strong capability to influence stakeholders,

and the ability to drive their own work, take initiative, and use resources efficiently.

**This position may have in-office requirements based on candidate location.**

**This is a ranged posting for a Senior Actuarial Analyst (G16) or an Actuary(G18).**

Responsibilities: ∙

Monitor premium and persistency results for Cost Guide and Deductible Roll programs and make recommendations based on results.
Monitor key LRs for total book, new business and renewal business including detailed drivers such as frequency, severity, average earned premium, average written premium, new business vitality and growth, retention among various customer segments, win rates and closure rates.
Pull, synthesize, and analyze data from various sources, and turn it into meaningful qualitative insights. Clearly and concisely communicate technical work to both technical and non-technical audiences. ∙
Track LOB new and renewal business profitability, understand its drivers, and communicate them to the org.
Understand the impact of customer mix on our profitability and determine how changes in mix could influence results.
Model inclusiveness by living our values and contribute to creating an inclusive culture.
Provide guidance to less experienced employees.
If applicable, positive progress towards pursuing and passing of required actuarial exams.

Qualifications

Bachelor's degree required; Master’s degree preferred.
Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) designation preferred or comparable education/designation with relevant experience.
Minimum 5-7 years relevant experience required.
Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, legal, statistics, claims, sales, etc.
Advanced communication and interpersonal skills and ability to build relationships and interact effectively with others within and outside the organization.
Ability to motivate and mentor peers and motivate and train subordinates.
Advanced computing skills (MS Office Excel, SAS, etc.) with ability to build complex models.

Employees may apply for a new role after completing 12 months of employment in their current position.