Lead Pricing Actuary

This is a fully remote position, open to applicants in Alabama, +13 more states.

📋 Description

• Assist in leading the design and execution of pricing strategies that align with profitability and growth objectives.

• Supervise rate assessments and the development of pricing models across various states and segments.

• Collaborate with Product, Underwriting, Reserving, and Claims teams on pricing decisions and initiatives for new products.

• Execute rate filing strategies, including the preparation of actuarial support and responses to regulatory inquiries.

• Track loss ratios, retention rates, and conversion metrics to assess pricing effectiveness and suggest modifications.

• Ensure adherence to actuarial standards and regulatory obligations across different jurisdictions.

• Create predictive models to enhance product segmentation and pricing strategies.

⛳️ Requirements

• A Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or a related discipline is required.

• ACAS designation is preferred; progress toward obtaining actuarial credentials is advantageous.

• A Master’s degree in a quantitative field is beneficial.

• A minimum of 5 years of pricing experience in Property and Casualty insurance, particularly in personal or non-standard auto.

• Knowledge of commercial lines is an added advantage.

• A thorough understanding of actuarial pricing techniques, loss cost modeling, and competitive analysis is essential.

• Proficiency in Excel, SQL, R, Python, or actuarial software such as Emblem or Radar is required.

• Experience in supporting rate filings and engaging with regulatory bodies is necessary.

• Strong strategic thinking, business acumen, and communication skills are essential.

• Familiarity with the Florida and Texas markets is a significant advantage.

• UAIC participates in the E-Verify program to verify the employment eligibility of newly hired staff.

• Candidates must respond to inquiries regarding residence in specified U.S. states, age, citizenship/employment eligibility, licenses or certifications, language proficiency, and capability to perform essential job functions.

🏝️ Benefits

• 401(k) Retirement Savings Plan with employer matching contributions.

• Comprehensive Medical, Prescription Drug, Vision, and Dental Insurance coverage.

• Paid Time Off, Holidays, and various Leave programs.

• Flexible spending accounts available.

• Basic Life Insurance and options for Voluntary Life/Accidental Death and Dismemberment.

• Short Term and Long-Term Disability insurance provided.