Actuarial Pricing Manager - San Diego, United States - Trova LLC

Trova LLC

Verified Company

San Diego, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

This is a hybrid position in San Diego, CA. Relocation is provided. On-site 2-3 days per week (50/50 hybrid/remote).
This position is responsible for managing the Pricing function and directs the work of junior and senior actuarial analysts. This position is a technical expert on pricing, monitoring underwriting results, and other actuarial valuation functions.

Responsible for planning and directing complex financial and actuarial activities in conjunction with product implementations by performing the duties listed below, personally or through staff.

This position works with all management levels across the organization, and is a direct report to the Chief Insurance Officer.

Principal Duties and Responsibilities:

Performs analysis on profitability at a product and account level resulting in recommended actions to achieve company targets
Responsible for the company's rate level indication and pricing segmentation methodology. Works with Chief Insurance Officer in improving such methodology and quality of calculations by researching, developing and adopting most appropriate actuarial techniques for the company's type of business
Files and gains approval of rating structure and rate levels of all products
Tracks the underwriting profitability of lines of business and accounts. Advises Chief Insurance Officer when lines of business are performing poorly, identifying root causes and recommending strategies and tactics to improve performance
Coordinates with Management Team, Sales, Product and Finance to respond to product, account and market trends
Supports the budget and forecasting process as needed by assessing impacts of changing rate levels
Directs staff to continuously refine methods and models to determine pricing and profitability more accurately
Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculation in insurance and services
Contributes to projects and committees whose purpose is to refine pricing and profitability methodologies

Product Development and Pricing Implementation

Work with product implementations to develop and price new product features
Monitor trends in industry to maintain competitive products
Assist in the Identification and recommendation of product features for prospective accounts
Oversees the installation and initial quality assurance testing of product parameters, prices and commission models into Company's operating system
Coordinates with Business Excellence, IT, Reconciliation and Product Team to develop creative solutions to implementation challenges in order to meet customer needs

Management and Leadership

Build and maintain a high performance team based culture through effective performance management, career development, communication and coaching of staff
Manage all personnel activities of staff (i.e., hires, trains, rewards, motivates, disciplines, terminates, performance reviews, and pay discussions)

Required / Desired Knowledge, Experiences and Skills: