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 a workers' compensation insurance carrier. This position compiles and analyzes company and industry (work comp) 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 workers' compensation company, actively looking for ways to deliver work comp 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 work comp 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 workers' compensation 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.
Requirements
- Minimum of 10 years' experience of actuarial related work preferably in workers' compensation.
- 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.
Education
- Must have a bachelor's degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business.
- Master's degree or higher is a plus.
Salary Range: $120,000-180,000 and a comprehensive benefits package. Please follow the link to our benefits page for details! https://www.employers.com/careers/our-benefits-and-perks/
Work Environment/Physical Demands
- This position is REMOTE, and only open to candidates currently located in the United States. 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.
- May work early, late, or occasional weekend hours to accommodate business needs.
- TRAVEL: May be required to travel to off-site location(s) to attend meetings, as necessary.
- This role potentially and will routinely use office equipment such as computers, phones, printers, and web conferencing technology as examples.
- This is largely a sedentary role; however, some mobility is required.
- Occasional lifting of a maximum of 30lbs.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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