Manager, Actuary - Workers' Compensation | 100% Remote (WFH)

General Summary

The Manager and Actuary position will participate in a broad variety of activities in support of a dynamic, expanding actuarial function in EMPLOYERS. This position compiles and analyzes company and industry data in support of actuarial functions like the development, pricing, control and administration of products offered by the company, in the estimation of current and future company assets and liabilities, and in the preparation of financial statements and other reports. This position will frequently interact independently with other departments to support various aspects of company operations. We are an innovative company, actively looking for ways to deliver insurance coverage more efficiently. We expect this position to bring creative insights and a strong work ethic to move our actuarial initiatives forward.

Essential Duties and Responsibilities

Prepares and manages at least one significant segment of EMPLOYERS actuarial analysis for rate filings, reserving, data validation, products, and/or research. This includes utilizing actuarial systems and programming skills to access and organize the data, performing the applicable actuarial calculations, analyzing moderate to complex information, evaluating results and the accuracy of inputs, and updating exhibits and slides.
Complete actuarial analysis and other assigned tasks on time and in keeping with corporate and professional standards, including all documentation, and proactively communicate project progress and status to relevant parties.
Continuously identify and implement improvements to existing processes/procedures, with a focus on quality and efficiency.
Identify, investigate, and resolve problems using advanced actuarial techniques, deviating from established procedures and incorporating new techniques when necessary.
Act as a technical and peer reviewer for others' work, asking probing questions when needed. Work with other technical and peer reviewers to incorporate all changes and commentary.
Present results and insights to peers, senior staff, and other departments as needed, as well as answer complex follow-up questions.
Request and provide respectful and candid feedback on technical and non-technical items.
Demonstrate knowledge of impacts of business decisions on other company business units and on the company's financial results.
Build constructive and effective relationships across the company, and provide training and guidance to junior actuarial team members and other staff.
Participate in cross-departmental projects and working groups as needed.
Manage assigned actuarial direct report(s), providing leadership and promoting company initiatives and culture. Mentor, develop and teach assigned direct report(s) in actuarial work and exam progress. Participate in managerial trainings and other manager-specific activities.

Pricing Focus

Leads at least one significant area below, including setting up meetings, keeping notes, and ensuring deadlines are met:
Rate indications
Profitability Reviews
Development of new insurance products
Preparation and defense of rate and rule filings
Development and maintenance of pricing tools and dashboards
Transactional pricing/loss rating for large accounts
Predictive modeling work in the development of new versions of the pricing model
Analysis to determine the Budget Loss Ratio, and other Financial Plan components
Cost Benefit Analyses for new business opportunities
Demonstrates mastery of most of the areas listed above.

Reserving Focus

Leads at least one significant area below, including setting up meetings, keeping notes, and ensuring deadlines are met, and prepares or assists in preparing actuarial analysis and support, including:
quarterly loss reserve analysis, on a gross and net-of-reinsurance basis
company balance sheet liabilities
quarterly/annual financial statements, including exhibits and reports
quarterly/annual actuarial reports, including the Statement of Actuarial Opinion, for each company and segment
audit request materials
data calls for NCCI, WCIRB, and other bureaus
requests from actuarial pricing (in the preparation of rate indications, profitability reports, and other applications) and other units
collaborate with other departments (e.g. Pricing, Finance, Claims) to gather information to improve the accuracy of the reserving estimates.
Demonstrates mastery of most of the projects listed above, in addition to internal and external (bureau and other) data sources and actuarial methods

Requirements

10-15 years' actuarial related work. Leadership experience preferred.
Must have a solid working knowledge of Excel, Word, and PowerPoint.
A current knowledge of or a capacity for learning to use other software products such as SQL, VBA, R Python, and/or commercial pricing and reserving tools is expected.
Must be detail oriented and capable of working with minimal supervision.
Must be independent and creative in analyzing business results, developing appropriate solutions or alternatives to problems and effectively communicating related issues and results to management.
Must work well in a team-oriented, collaborative environment.
Must possess effective written and verbal communication skills.
Certification
FCAS or ACAS designation preferred.

Education

Must have a bachelor's degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business.
Master's degree or higher is a plus.

Work Environment:

Remote: This role is a remote (work from home (WFH)) opportunity, and only open to candidates currently located in the United States and able to work without sponsorship.
It requires a suitable space that provides a private and quiet workplace.
Expected Work Hours: Schedules are set to accommodate the requirements of the position and the needs of the organization and may be adjusted as needed.
Travel: May be required to travel to off-site location(s) to attend meetings, as necessary

Salary Range: $120,000 - $185,000 and a comprehensive benefits package, please follow the link to our benefits page for details! https://www.employers.com/careers/our-benefits-and-perks/

About EMPLOYERS

As a dynamic, fast-growing provider of workers' compensation insurance and services, we are seeking a goal-oriented individual willing to put their ideas to work!

We offer a positive, challenging work environment, combined with an opportunity to build your career as you help us grow our business, in innovative and imaginative ways that are uniquely EMPLOYERS!

Headquartered in Nevada, EMPLOYERS attributes its long-standing success to its most valuable resource, our employees across the United States. EMPLOYERS is known for the quality service and expertise we provide to our clients, and the exemplary work environment we provide for our employees.

We live and breathe our core values: Integrity, Customer Focus, Collaboration, Initiative, Accountability, Innovation, and Personal Fulfillment. These are the pillars that support how we do business with our clients as well as how we treat each other!

At EMPLOYERS, you'll discover an energetic environment that inspires top achievement. As "America's small business insurance specialist", we have the resources, a solid reputation and an expanding nationwide identity to enrich your work/life and enhance your career. #LI-Remote

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