Actuarial Director (REMOTE)

Our Commercial Lines Actuarial department is seeking an Actuarial Director for Commercial Auto to join our growing team in Worcester, MA Corporate Headquarters, or remote work location.

POSITION SUMMARY:

The Actuarial Director role is responsible for managing a team of pricing actuaries focused on the Commercial Auto line of business, reporting directly to the Assistant Vice President Actuary of Commercial Auto and Worker’s Compensation.

The Commercial Auto book is over $300 Million and is one of the most profitability challenged lines in the industry, requiring an innovative, analytical, and business-oriented actuarial approach.

The Actuarial Director of the auto line provides overall management and technical oversight to a team of analysts with varying degrees of experience, as well as being expected to complete their own hands-on assignments. The manager partners with other actuaries and business/field leaders to support profitable growth across the commercial organization. Direct responsibilities include managing rate reviews with an eye towards process improvement, forecasting IBNR and analyzing trend, and leveraging predictive analytics to implement and monitor a new product.

This is a Full-time, Exempt role.

WHAT YOU’LL DO:

• Manage and lead a team of actuarial analysts, ensuring execution of deliverables along side professional development and growth of team
• Owns and is accountable for executing state rate reviews
• Is responsible for actuarial ratemaking assumptions such as IBNR forecasting and loss trend analysis
• Monitors profitability and communicates trends to executive leadership
• Seeks continuous review and improvement of operations and managing unanticipated situations
• Leverages predictive analytics to implement and monitor new auto product
• Partners with field and business leaders across the Commercial organization to build credibility of actuarial department and consult on strategic direction
• Ability to influence and negotiate the appropriate actions to support strategic goals of the organization
• Capable of testifying at a rate hearing if necessary
• Responsible for communicating results/issues to upper level management
• Responsible for performance and compensation management for team
• May lead or participate in community recruiting and/or training activities

WHAT YOU NEED TO APPLY:

• Bachelor’s Degree or higher in a relevant technical field
• Seven+ years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or advanced analytics.
• Experience with predictive modeling preferred
• Minimum of 2 years in management capacity
• ACAS required, FCAS preferred
• Advanced communication skills
• Advanced skills using Microsoft Office, including Excel
• Intermediate programming skills, including the ability to develop and automate processes
• Demonstrated knowledge of all techniques used to model various assumptions
• Able to apply and interpret company policies and procedures
• Able to direct activities of others, motivate and develop staff
• Growth Mindset – Embraces a creative approach and a changing environment. Seeks to improve processes, constantly seek to learn, apply new techniques, challenge others and themselves to find a better way
• Relationship Building - Understands the importance of developing and maintaining cooperative relationships with others at all levels of the organization by making others feel their concerns and contributions are important. Builds positive relationships with others to accomplish organizational goals.
• Influencing Others - Communicates ideas or positions in a persuasive manner that build support, agreement, or commitment. Takes actions that directly or indirectly influence others to create buy-in, gain trust, and motivate actions in others or win concessions without damaging relationships.
• Results Orientation - Excited by challenging goals and a desire to exceed standards of excellence. Exceeding the standard can include challenging personal goals, organization's standards, or current industry standards. Exhibits a true sense of competitiveness and a drive for results. Has a strong desire to win in the most challenging of circumstances and the fortitude to take calculated risks to achieve personal objectives and goals, organization's standards, or current industry standards.
• Talent Management - Proactively fosters building, mobilizing and evaluating the organizations' human assets. Establishes performance goals and measures in order to accomplish organizational goals.
• Authorizes individuals to take initiative and make expedient, practical decisions that impact the performance or success of an event or project. Shares knowledge, skills or expertise with others; coaches others. Encourages and rewards learning, growth, etc., in others. Supports continual development of staff through assignments, coaching, and training.
• Business Enterprise Knowledge - Understands how one's own function adds value to the organization and to customers. Makes decisions and recommendations clearly linked to the organization's strategy and financial goals, reflecting an awareness of external dynamics. Demonstrates awareness by providing clear explanations for actions taken relative to customer requirements, needs, and industry trends.
• Strategic Thinking - Examines issues and plans with a long-term perspective. Able to critically evaluate external and internal factors.
• Change Management - Designs and transforms an organization based on assumptions of human capability and resiliency. Understands the basic human patterns that operate during change, and effectively focuses the organization's capability on an effective transformation. Focuses and energizes a group to accomplish change together and holds them accountable to common goals.
• Decisiveness - Makes decisions by quickly assessing the scope of an issue and providing options leading to its closure. Determines appropriate options based on the situation.