What are the responsibilities and job description for the Actuarial Specialist position at Westfield?
LI-DNI
- Directs actuarial projects while applying actuarial skills and knowledge of the Company's insurance products and operations.
- Completes research, ensures accuracy of calculations and analyses, and meets project deadlines.
- Drives stakeholder engagement effectively, communicates complex analytical business concepts and content to Actuarial leadership and business partners, and provides insights and recommendations.
- Leads pricing of new and existing products, collaborates with the Underwriting and Product team, and determines loss and loss expense reserve recommendations.
- Applies advanced actuarial methods to estimate expected losses, cash flows, and risk aggregations.
- Provides actuarial input into portfolio monitoring, business planning, and projections.
- Prepares and reviews profit analysis and identifies innovative approaches to improve product profitability.
- Communicates product development progress and summarizes information to the local, regional, and global senior management.
- Leads the development of management reports that are used to monitor performance, behavior, and results of company goals and objectives, reviews the reports created by less experienced team members, and oversees the reporting process.
- Develops and maintains adequate knowledge and awareness of industry activities through attendance at seminars, reading trade journals and magazines, and through personal contact with other insurance companies, state regulatory bodies, and professional affiliations.
- Leverages extensive knowledge and experience with relevant tools, technologies, and techniques to perform moderate to advanced analyses and identifies opportunities for process improvement.
- Performs ongoing review and improvements of pricing and processes for greater automation, accuracy, and rate adequacy.
Qualifications
Location
Hybrid defined as three or more days per week in the office.
Behavioral Competencies
