Senior Actuary - Predictive Modeling
Senior Actuary - Predictive Modeling
About My Client:
My client is a leading P&C InsurTech firm focused on revolutionizing the insurance landscape with cutting-edge technology and data-driven solutions. Specializing in Professional and Management Liability, my client is committed to delivering innovative products and services that meet the unique needs of their clients. They are currently seeking a highly skilled Senior Actuary with a strong background in predictive modeling and pricing to join their growing team.
Position Overview:
As the Senior Actuary, you will play a key role in the development of pricing models and strategies for Professional and Management Liability lines of business. You will leverage advanced statistical techniques and predictive modeling tools to support product pricing, profitability analysis, and portfolio management. Collaborating closely with cross-functional teams, you will contribute to key decision-making processes and help drive the future success of my client's offerings in the Professional and Management Liability space.
Key Responsibilities:
- Predictive Modeling & Pricing: Develop, refine, and implement predictive models to enhance pricing strategies for Professional and Management Liability lines of business.
- Actuarial Analysis: Perform comprehensive actuarial analyses, including loss reserves, rate indications, and profitability assessments. Provide clear, actionable insights to guide business strategy.
- Portfolio Management: Monitor and manage portfolio performance, ensuring pricing models align with the company's profitability goals and market dynamics.
- Collaboration: Work closely with underwriters, product development teams, and data scientists to support product design, risk selection, and pricing decisions.
- Trend Analysis & Reporting: Identify emerging trends, risks, and market conditions that could impact pricing and portfolio performance. Provide regular reports and recommendations to leadership.
- Regulatory Compliance: Ensure all pricing models and actuarial practices comply with applicable regulations and standards in the Professional and Management Liability space.
- Mentorship: Provide guidance and mentorship to junior actuaries and analysts, fostering a collaborative and growth-oriented team environment.
Qualifications:
- Experience: At least 5 years of experience in actuarial roles, with a strong focus on pricing and predictive modeling within the P&C insurance industry, specifically Professional and Management Liability.
- Credentials: At least ACAS (Associate of the Casualty Actuarial Society) or FCAS (Fellow of the Casualty Actuarial Society).
- Technical Expertise: Proficiency in actuarial software and tools (e.g., SAS, R, Python, Excel, etc.) and strong experience in building predictive models and utilizing advanced statistical techniques.
- Analytical Skills: Strong analytical abilities with a focus on translating complex data into actionable business insights.
- Collaboration & Communication: Excellent communication skills with the ability to present complex actuarial findings to non-technical stakeholders.
- Problem Solving: Strong problem-solving skills and the ability to think critically about data and pricing models in a fast-paced, technology-driven environment.
- Education: A degree in Actuarial Science, Mathematics, Statistics, or a related field is required.
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