Senior Actuarial Analyst, Home Insurance
Posted 75ds ago
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Job Description
Senior Actuarial Analyst at Loggerhead Risk Management managing homeowners' insurance products profitability and competitiveness in Florida market.
Responsibilities:
- Full ownership of insurance products’ profitability and competitiveness in the Florida market
- Researching competitive landscape to identify industry developments and opportunities to evolve product offerings to maintain competitiveness and price adequacy
- Management of rate review and filing process for insurance products to ensure timely implementation of rates, forms, and rules changes to support profitability and growth objectives
- Responsibility for entire process from data analysis to filing submission, including presenting to and obtaining approval from executive leadership team
- Preparation of communication to agencies and internal staff regarding product changes.
- Monitoring performance of assigned products including loss ratios, demographics, market and industry trends, legislative and regulatory activities, etc. to anticipate problems and proactively design corrective actions
- Refinement of product strategy through the timely creation of new and improved coverage offerings, underwriting guidelines, and pricing that ensure Company insurance products remain competitive in marketplace and in compliance with laws and regulations
- Manages relationships with external parties, including vendors, insurance organizations and regulators.
- Being a driving force to implement new products and product enhancements, including developing systems requirements and performing detailed testing
- Works on ad-hoc requests for analysis, research, reports, presentations dealing with business needs.
- Build strong relationships with other business units and lead strategic direction for the long-term success of assigned areas.
- Contributing to actuarial reserving function and supporting quarterly reserve reviews and annual actuarial report and opinion
- Assisting with reinsurance needs by analyzing risk-return tradeoff of various reinsurance structure options
- Assisting enterprise risk management function with quantitative analysis related to various risks to which Loggerhead is exposed
Requirements:
- Minimum 3 years’ experience managing homeowners’ insurance products.
- Previous experience working closely with underwriting and/or product development.
- Deep understanding of the homeowners’ personal lines insurance market.
- Experience in working with financials and marketing preferred.
- Expert knowledge of statutes and regulations governing the quoting, sales, bind, endorsing, servicing, and cancellation of insurance policies in Florida.
- At least 4 completed CAS actuarial examinations
- 3+ years of actuarial experience.
- Membership as an associate or fellow of the Casualty Actuarial Society preferred
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- STD/LTD
- Life Insurance
- Paid time off
- Vision insurance
- Referral Program
- Tuition Reimbursement














