Pricing Actuary or Senior Pricing Actuary
Title: Pricing Actuary or Senior Pricing Actuary Location: Remote About Emerald Bay Insurance Company Emerald Bay Risk Solutions is a national property and casualty insurance group rated A- VIII by A.M. Best, that is a wholly owned and independently operated subsidiary of Emerald Bay Risk Solutions, LLC. With the capability to offer admitted and surplus lines insurance products in 51 states and jurisdictions, Emerald Bay Risk Solutions partners with program administrators and managing general agents to offer strategic insurance solutions. Applicant BackgroundYou have experience working as an actuary in the property & casualty insurance industry to identify and estimate risk outcomes on a pricing and modeling basis for insurance carrier portfolios to support underwriting, financial, reinsurance, business, and enterprise risk management decisions. You will perform actuarial pricing, modeling, and analytics necessary for business evaluation under the guidance of chief actuary and other senior team members. The position requires a self-starter who manages moderately complex analyses in close partnership with internal and external teams to confidently communicate needs, results, insights, and recommendations. Key Responsibilities· Pricing and Analytics - Develop pricing models for new program opportunities and renewals of in-force programs across the entire company insurance portfolio spanning property, auto, general liability, and specialty lines of business. Work closely with Chief Actuary to review. Manage, enhance, and execute the methods and tools for pricing analysis. Work with the chief actuary to present results, insights, and recommendations to underwriting, company leadership, and external clients & reinsurance partners. · Rate Filings & Regulatory Support – Perform rate filings for admitted business across multiple programs, state departments of insurance, and lines of business to execute company pricing needs. Work with Chief Actuary to review. · Casualty and Property Modeling Support – Perform modeling of expected loss and probable maximum loss metrics for casualty and property lines of business for both new business opportunities and in-force programs. · Actuarial Support – Provide peer review and mentorship support for the other actuarial & modeling team members regarding their projects, responsibilities, and development. · Data Quality Support: Perform regular quality control on data inputs and outputs, such as exposure, premium, and claims data. · Underwriter, Leadership, and Partner Support: Provide actuarial guidance and communications to the underwriting team, leadership, and external partners through meetings, presentations, and data packs. · Documentation: Assist with internal documentation of processes for actuarial standards. · Special Projects: work with chief actuary, underwriting, and leadership on strategic projects and ad-hoc analysis. Qualifications· Minimum of 7 years of experience working as an actuary in the property & casualty insurance industry. · Minimum ACAS credentials, or FCAS preferred. · Relevant experience with, strong understanding of, and confident ability to implement key actuarial science pricing concepts standard to property & casualty insurance industry work. · Strong technical skills in Microsoft Excel, PowerPoint, and Dashboards. Excellent project management, attention-to-detail, communication, and presentation skills. · Working experience across multiple insurance lines of business including property, auto, general liability, and specialty lines is a plus. · Working experience presenting to chief actuaries, chief underwriters, or external partners. · Working experience in the MGA/Program business is a plus. · Working experience with state rate filings is a plus. · Working experience with reinsurance is a plus. · Working experience in tools such as SQL, VBA, Power-BI, R, and ResQ or Arius is a plus. Bachelor’s Degree required: Actuarial Science, Business Administration, Mathematics, Economics, Finance, or Risk Management.