CopperPoint has an exciting opportunity for an Actuarial Manager. The Actuarial Manager performs analytical functions having strategic and financial impact to corporate and long-term success. This position is responsible for the quantification of reserves, pricing levels and forecasting. Duties emphasize proactive, independent analysis, are cross-functional in scope and have corporate-wide impact. The person in this position must demonstrate expertise in multiple functions.
Job Responsibilities:
- Reserve Valuation – Maintain the company’s reserve adequacy by quantifying reserves for the various companies, lines of business, states and business segments. Identify and analyze significant changes and trends and seek operational reasons for the changes and trends through discussion with the VP, Lead Reserving Actuary and key personnel in Claims and Underwriting. Present results and recommendations to the VP, Lead Reserving Actuary. Coordinate and implement the resulting reserves with Financial Reporting.
- Pricing – Provide rate support and determine adequate pricing of risk. Also may conduct studies of risk segmentation and market analysis. Will help with peer review of other analysis. Perform loss evaluations to assist Underwriting with pricing large accounts.
- Data and Predictive Analytics – In coordination with Product Development, Business Intelligence, Underwriting, Claims and outside consultants, develop, implement and maintain predictive models. Apply industry knowledge to interpret internal and external data in order to assess risk and identify indicators and drivers of policy holder and claimant behavior. Make recommendations for operational improvements or new processes based on results.
- Reinsurance – Prepare data requests and coordinate with Reinsurance brokers. Conduct internal analysis to determine attractiveness of reinsurer quotes and demonstrate ability to synthesize prior year reserves with existing reinsurance contracts.
The person in this role will be the go-to expert in one or more core actuarial functions. They will be a self-starter who proactively identifies and prioritizes new projects for the department. They will represent the actuarial department in their partnership with other departments like finance, data and analytics, underwriting, and claim.
Qualifications/Competencies:
- Bachelor’s degree in actuarial science, mathematics, statistics, finance, economics or related field.
- Membership (Associate or Fellow) in the Casualty Actuarial Society OR significant experience in actuarial job functions.
- Five or more years of actuarial experience in reserving, pricing and product management/development.
- Background in workers’ compensation insurance operations is preferred.
- Excellent analytical, problem solving, decision making and oral and written communication skills.
- Ability to work independently and to initiate, prioritize, plan, coordinate, review and ensure completion of work within time requirements.
- Demonstrated ability to apply actuarial, business and insurance principles and practices, utilize effective research methods and synthesize, analyze and interpret complex information. Develop innovative approaches for resolving business issues and problems.
- Ability to establish and maintain effective professional working relationships and work in a team environment.
Salary Range:
- $107,000.00 - $159,000.00 annually
- Compensation may vary depending on skills, experience, education, and geographical location.
- In addition to base salary, compensation may include an annual discretionary bonus.
Benefits:
- Employees and their families are eligible to participate in CopperPoint Insurance Companies benefit plans including medical, dental, vision, short-term disability, long-term disability, life insurance, a health savings account, a flexible spending account, and a 401k plan.
- We provide some benefits at no cost to the employee (Basic Life Insurance and AD&D at two times an employee’s annual salary, Short- and Long-term Disability coverage, and Employee Assistant Plan).
- Employees will accrue 0.0846 hours of Paid Time Off (PTO) per paid hour, which may total 22 days a year. In addition, employees will also receive 10 paid holidays throughout the calendar year.
Founded in 1925, CopperPoint Insurance Companies is a leading provider of workers’ compensation and commercial insurance solutions. With an expanded Line of insurance products and a growing ten-state footprint in the western United States, CopperPoint embodies stability for policyholders in Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, and Washington. CopperPoint Mutual Insurance Holding Company is the corporate parent of Arizona-based CopperPoint Insurance Companies, California-based Pacific Compensation Insurance Company, Alaska National Insurance Company, and other CopperPoint Insurance Entities.
CopperPoint’s culture of compassion extends to the community through employee volunteerism, corporate matching, Board service, program sponsorships, and in-kind contributions. We empower employees by providing 12 hours of paid volunteer time annually and matching their personal contributions to the charities of their choice up to $500 per year. In 2020, CopperPoint employees reported 3,500 volunteer hours.
CopperPoint offers a competitive compensation package and comprehensive benefits package including major medical, dental, vision, and a wide range of competitive benefits programs, generous matching contributions to your 401(k) plan, generous paid time off, tuition reimbursement, and other education benefits and business casual dress. CopperPoint is an equal employment opportunity employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status, or any other characteristic protected by state, federal or local law. CopperPoint maintains a drug-free workplace.
