Chief Actuary

Company Details

 

Carolina Casualty is a member company of W. R. Berkley Corporation, an insurance holding company that is among the largest commercial lines insurance writers in the United States. We specialize in liability, physical damage, cargo and other insurance solutions for the commercial auto markets including trucking, public transportation and others. 

 

The company is an equal opportunity employer.

Responsibilities

Directs the Property and Casualty actuarial functions of the organization. Oversees the monitoring, evaluating, and reporting of the effectiveness of the existing rating formulas. Approves prospect and renewal rates for experience-rated categories of business. Advises management in the selection of major rating assumptions. Provides support to the marketing division by participating in the development of new products and meeting with key accounts to present rating/financial information.

 

Candidate must work out of the Jacksonville, FL office.

 

Key Functions will include but not be limited to:

• Applies actuarial techniques, including predictive analytics, while collaborating with other executives to achieve rate level and loss reserve adequacy for the company.
• Participates in and contributes to Executive Team in the development and execution of overall actuarial direction to the company through strategic planning.
• Drives operational performance and delivers outstanding actuarial support for the company and provides direction through models.
• Along with the CEO and executive team, contributes to managing relationships with rating agencies and reinsurers.
• Coordinates the quarterly Reserve Committee and Reinsurance Committee. Analyzes and evaluates the effectiveness of the companys’ rates, pricing, and loss reserving to ensure company solvency.
• Monitors developments and trends within the Property/Casualty insurance industry. Communicates significant development/trends to the department and executive teams.
• Thorough working knowledge of insurance contracts, state legal requirements, and current business and industry trends/practices as pertain to Chief Actuary duties.
• Collaborates with other leaders to ensure consistent compliance with state and federal departments of insurance and other regulatory agencies.
• Participates and contributes to the development and execution of company strategies and plans.
• Supports an environment that is transparent and open, where others are encouraged to achieve, in which new ideas surface easily, favorable change is embraced, and where leadership abilities are recognized and encouraged.

 

Qualifications

• Bachelor’s degree in actuarial science, math/statistics, Economics, finance or other related disciplines
• Fellow of the Casualty Actuarial Society (FCAS) designation
• 10+ years of progressive related experience developing strategies, managing major initiatives and delivering results within a complex matrix environment
• 8 years of people leadership experience in building, managing and/or developing high-performing teams
• Experience collaborating with key resources and stakeholders, influencing decisions and managing work to achieve strategic goals
• 5+ years leading teams in an actuarial role in property and casualty lines of insurance
• Demonstrated successes in product management and technology modernization initiatives
• Experience leading teams through changes in processes, tools, techniques and organization
• Experience in predictive modeling, bridging pricing to analytics

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include: • Base Salary Range: $200,000 - $300,000 • Eligible to participate in annual discretionary bonus. • Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Responsibilities

Directs the Property and Casualty actuarial functions of the organization. Oversees the monitoring, evaluating, and reporting of the effectiveness of the existing rating formulas. Approves prospect and renewal rates for experience-rated categories of business. Advises management in the selection of major rating assumptions. Provides support to the marketing division by participating in the development of new products and meeting with key accounts to present rating/financial information.
 
Candidate must work out of the Jacksonville, FL office.
 
Key Functions will include but not be limited to:
- Applies actuarial techniques, including predictive analytics, while collaborating with other executives to achieve rate level and loss reserve adequacy for the company.
- Participates in and contributes to Executive Team in the development and execution of overall actuarial direction to the company through strategic planning.
- Drives operational performance and delivers outstanding actuarial support for the company and provides direction through models.
- Along with the CEO and executive team, contributes to managing relationships with rating agencies and reinsurers.
- Coordinates the quarterly Reserve Committee and Reinsurance Committee. Analyzes and evaluates the effectiveness of the companys’ rates, pricing, and loss reserving to ensure company solvency.
- Monitors developments and trends within the Property/Casualty insurance industry. Communicates significant development/trends to the department and executive teams.
- Thorough working knowledge of insurance contracts, state legal requirements, and current business and industry trends/practices as pertain to Chief Actuary duties.
- Collaborates with other leaders to ensure consistent compliance with state and federal departments of insurance and other regulatory agencies.
- Participates and contributes to the development and execution of company strategies and plans.
- Supports an environment that is transparent and open, where others are encouraged to achieve, in which new ideas surface easily, favorable change is embraced, and where leadership abilities are recognized and encouraged.