Actuarial Director - Wright Flood - Nation's Largest Flood Insurance Company : Job Details

The Property & Casualty Actuarial Director will participate in the management, control and implementation of rating plans, development and support of rate adequacy, underwriting rules, and process improvements including the analysis of pricing and products. Responsibilities include modeling, reporting, responding to data calls, filings, updates and review of product coverages, packages, features and the support of territorial expansion in our Private Flood Department.

This individual will apply proven communication, analytical, and problem-solving skills to help develop grow and maintain profitable Private Flood programs.

Responsibilities

Strategy & Planning (including, but not limited to):

• Analyze loss trends, identify profitable segments/books of business, participate individually and with outside actuarial resources to report and make recommendations for product improvement, pricing and territorial expansion
• Serve as Subject Matter Expert (SME) resource to technical, compliance, operational, finance and training teams
• Coordinate, collaborate, and communicate with Private Flood Management and Teammates, as well as Marketing and Regional Sales Managers on product development, changes and introductions

Product Analysis (including, but not limited to):

• Participate with management and staff to develop and support adequate rates, rate plans and program development
• Assist and respond to data calls from regulators, rating agencies, reinsurers, and/or partners
• Support corporate actuarial analysis and reporting, including reserving analysis, AMBest review and reporting, Product pricing and profitability, loss and profitability analysis and financial models and projections.

Data Analytics (including, but not limited to):

• Run and manage CAT models, including Risk Management runs and regular reports for in-house teammates and external partners
• Monitor and report on the profitability of Private Flood products.
• Assist in managing exposure to ensure agreed upon aggregate limits are not exceeded.
• Provide regulatory expertise to support issues relating to rating plans, rules and endorsements, and similar
• Develop, coordinate, track and monitor ultimately to approval, state filings for product introduction and rate changes

Unless otherwise indicated, this is a Hybrid position so you will be required to work in the office as needed or scheduled.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

Position Requirements:

Formal Education & Certification

• College diploma or university degree in the field of risk management, finance, business administration, or mathematics preferred; or 7 years related work experience.
• Actuarial training, education and or experience a plus. CAS actuarial designation is a plus.

Knowledge & Experience

• Ability to analyze data and loss trends.
• Ability to develop written proposals.
• Working knowledge PC operating systems, including Windows.
• Extensive experience with core software applications, including Microsoft Suite, Excel, Word, and Access.
• Ability to manage, mentor, train and develop direct reports

Personal Attributes

• Able to exercise independent judgement and take action on it.
• Excellent analytical, mathematical, and creative problem-solving skills.
• Excellent listening, interpersonal, written, and oral communication skills.
• Logical and efficient, with keen attention to detail.
• Highly self motivated and directed.
• Ability to effectively prioritize and execute tasks while under pressure.
• Strong customer service orientation.
• Experience working in a team-oriented, collaborative environment.

Work Conditions

• Occasional evening and weekend work to meet deadlines.
• Sitting for extended periods of time.
• Dexterity of hands and fingers to operate a computer keyboard or mouse, and to handle other computer components.
• Lifting and transporting of moderately heavy objects, such as computers and peripherals.
• Limited travel may be required

What We Offer

• Excellent growth and advancement opportunities
• Discretionary Time Off (DTO)
• Generous benefits package: health, dental, vision, 401(k), etc.
• Teammate Stock Purchase Plan
• Tuition Reimbursement
• Student Loan Repayment Program

Wright National Flood Insurance Services, LLC is an Equal Opportunity Employer.