This job has expired, please see additional jobs below
Senior Actuarial Manager
First American
Santa Ana, CA, United States
Job Details - this job has expired, please see similar jobs below
Responsible for analyzing the possible outcomes of the types of events that could potentially cause policyholders to make claims against their title insurance policies by studying the overall likelihood that different events will occur, and then evaluate the potential risks each event poses with the goal being to assess the costs associated with the event should it actually occur.
Essential Functions
• Perform rate adequacy analysis for products by state
• Prepare actuarial rate filing exhibits and support, for inclusion in rate filing submissions to regulators insurance departments
• Produce prospective expected loss ratio (ELR) estimates by state
• Analyze pricing for both new and existing products
• Assist in all aspects of quarterly IBNR reserve analysis, including accounting and foreign currency translation aspects
• Sign Statements of Actuarial Opinion and underlying Actuarial Reports
• Learn proprietary claims database language, and use to programdatabase queries
• Research economic data, and apply to modeling claims processes
• Assist in various quantitative projects involving claims and/or financial modeling applied to insurance
• Peer review actuarial work and provide constructive feedback
• Lead the communication, documentation and coordination of information, technical issues, and activities between actuarial & non-actuarial departments as well as with internal & external colleagues, clients and stakeholders
Job Complexities
• Assignments are broad in nature requiring originality and ingenuity.
• Operates with substantial latitude for un-reviewed action or decision and evaluates matters with have a major bearing on the conduct of the organization’s business
• Works independently under broad supervision.
Supervision Received or Extended
• Has responsibility for all actuarial staff
Knowledge and Skills/Technology Used
• Proficiency in MS Office including Excel, Word and PowerPoint, and MS Access. Some proficiency in SQL preferred.
• Proficiency in creating exhibits for presentations
• Familiarity with standard P&C actuarial methods and concepts for both pricing and reserving
• Working knowledge of insurance business concepts and economics
• Effective verbal and written communication skills
Required Skills
• 3+ years of experience in Property & Casualty Insurance required
• 2 years of managerial experience required
• Bachelor’s degree in Mathematics or Statistics required
Preferred Skills
• Advanced degree in Actuarial Science preferred
• Actuarial examinations scheduled, if not passed
Typical Education
• Bachelor’s Degree
Typical Range of Experience
• 10+ years of actuarial work experience involving rate adequacy analysis, rate filings, and claims data analysis
• 2+ years managerial experience
License or Certification
• Active membership in the Casualty Actuarial Society (ACAS or FCAS) and American Academy of Actuaries (MAAA) required
First American invests in its employee’s development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. First American is committed to diversity and inclusion. We are an equal opportunity employer.