What are the responsibilities and job description for the Actuary Manager position at Insight Global?
The Actuary Manager will direct and supervise the activities of the Actuarial unit to ensure rates for all product lines are profitable, competitive and consistent with company goals and objectives.
Under the leadership and direction of the Actuary Manager, this team is responsible for rate indication, profitability, and trend analysis for the Personal and Commercial lines of business including, Auto, Property, Casualty, Farm, BOP and others. This work is directly used to inform line of business strategy, profit forecasts, rate decisions, and the financial plan. You will research and analyze internal and industry data to form a holistic assessment of profitability. You will lead research and development of advanced ratemaking methods to provide actionable insights. You will drive process and data improvements, including for a widely used granular profitability database. The team works closely with a variety of groups, including Sales, Underwriting and Claims.
PRIMARY DUTIES
- Establish and control actuarial rates, rating structures, and systems.
- Directs and coordinates activities of the team performing analyses affecting pricing strategies for product lines.
- Plans, implements, and facilitates project resources across all strategic initiatives.
- Works collaboratively across all business units.
- Prepare required financial and regulatory reports and oversee the analysis of financial. information used to produce forecasts for making rate decisions.
- Manages and mentors team members; supports hiring and development of staff.
- Ensure products and rates are actuarially sound and competitive.
- Manage actuarial support functions to ensure department goals are met.
- Analyze data using modeling techniques and statistical concepts to determine probability and assess risks.
- Present reports, explaining their implications to business leaders, advising on risk limitation.
- Responsible for actuarial resource management.
- Conduct audits and other technical quality review programs.
ADDITIONAL DUTIES
MINIMUM EDUCATIONAL / EXPERIENCE QUALIFICATIONS
