Assistant Actuary, Home Insurance
What is the Role?
As part of Loggerhead’s Product and Risk team, the Assistant Actuary will manage its insurance products to ensure they’re priced adequately to meet Loggerhead’s profitability expectations yet still affordable in the Florida market. This role provides the opportunity to apply experience and expertise in insurance ratemaking, policy language refinement, and data analysis to create and refine products that are attractive to Florida consumers in both coverage and pricing. This role will manage every stage of product management from internal analysis, proposals to management and other internal stakeholders, engagement with external stakeholders, including regulators and rating agencies, and systems implementations.
We’re looking for a recently credentialed actuary that is self-driven to grow professionally and take personal responsibility for shaping Loggerhead’s current and future success in the Florida insurance marketplace. The selected candidate will be empowered with insight into all areas of the organization to both learn how to build an insurance company from the ground up and leave his or her imprint of on the company’s products. Successful candidates will exhibit strong communication skills, comprehensive knowledge of actuarial principles, and the technical expertise necessary to drive results. Moreover, the ideal candidate should possess the ability to comprehend complex business challenges and devise effective solutions.
As an actuarial program team member, the selected candidate will gain experience in all core actuarial operations within an insurance company, including pricing, reserving, and enterprise risk management, with opportunities to engage leaders and contributors across all levels of operations. This candidate may have the opportunity - upon meeting NAIC qualification standards - to certify rate filings and eventually sign statements of actuarial opinion based on demonstrated capability.
Core responsibilities include:
• 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.
Additional responsibilities may include:
• 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
What You'll Need to be a Top Candidate:
Skills
• Excellent interpersonal skills with the ability to establish working relationships with individuals at every level and across all roles within the organization.
• Extensive knowledge and expertise in the interpretation of data to develop strategic/tactical plans for underwriting structures and selections.
• Exceptional project management and organizational skills.
• Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint).
• Proficient in SQL
• Excellent verbal and written communication skills.
• Excellent organization and time management skills with the ability to work under pressure and in a remote environment.
• Proficient in Data analysis in Python / R or other language preferred
• Ability to take complex analytical results and present them in easy-to-follow presentations.
• Excellent communication skills and the ability to interface at all levels of the organization.
Knowledge & Experience
• 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.
Education & Certifications
• Membership as an associate of the Casualty Actuarial Society
• This job is remote, with occasional travel to Tampa, FL headquarters*
Working Conditions: Normal business office environment. Additional hours as required.
Travel: Minimum, as required.
ADA: The above statements cover what are generally believed to be the principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of job duties.
Job Type: Full-time
Schedule: Monday- Friday
Benefits:
• 401(k)
• Dental insurance
• Health insurance
• STD/LTD
• Life Insurance
• Paid time off
• Vision insurance
• Referral Program
• Tuition Reimbursement
As part of Loggerhead’s Product and Risk team, the Assistant Actuary will manage its insurance products to ensure they’re priced adequately to meet Loggerhead’s profitability expectations yet still affordable in the Florida market. This role provides the opportunity to apply experience and expertise in insurance ratemaking, policy language refinement, and data analysis to create and refine products that are attractive to Florida consumers in both coverage and pricing. This role will manage every stage of product management from internal analysis, proposals to management and other internal stakeholders, engagement with external stakeholders, including regulators and rating agencies, and systems implementations.
We’re looking for a recently credentialed actuary that is self-driven to grow professionally and take personal responsibility for shaping Loggerhead’s current and future success in the Florida insurance marketplace. The selected candidate will be empowered with insight into all areas of the organization to both learn how to build an insurance company from the ground up and leave his or her imprint of on the company’s products. Successful candidates will exhibit strong communication skills, comprehensive knowledge of actuarial principles, and the technical expertise necessary to drive results. Moreover, the ideal candidate should possess the ability to comprehend complex business challenges and devise effective solutions.
As an actuarial program team member, the selected candidate will gain experience in all core actuarial operations within an insurance company, including pricing, reserving, and enterprise risk management, with opportunities to engage leaders and contributors across all levels of operations. This candidate may have the opportunity - upon meeting NAIC qualification standards - to certify rate filings and eventually sign statements of actuarial opinion based on demonstrated capability.
Core responsibilities include:
• 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.
Additional responsibilities may include:
• 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
What You'll Need to be a Top Candidate:
Skills
• Excellent interpersonal skills with the ability to establish working relationships with individuals at every level and across all roles within the organization.
• Extensive knowledge and expertise in the interpretation of data to develop strategic/tactical plans for underwriting structures and selections.
• Exceptional project management and organizational skills.
• Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint).
• Proficient in SQL
• Excellent verbal and written communication skills.
• Excellent organization and time management skills with the ability to work under pressure and in a remote environment.
• Proficient in Data analysis in Python / R or other language preferred
• Ability to take complex analytical results and present them in easy-to-follow presentations.
• Excellent communication skills and the ability to interface at all levels of the organization.
Knowledge & Experience
• 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.
Education & Certifications
• Membership as an associate of the Casualty Actuarial Society
• This job is remote, with occasional travel to Tampa, FL headquarters*
Working Conditions: Normal business office environment. Additional hours as required.
Travel: Minimum, as required.
ADA: The above statements cover what are generally believed to be the principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of job duties.
Job Type: Full-time
Schedule: Monday- Friday
Benefits:
• 401(k)
• Dental insurance
• Health insurance
• STD/LTD
• Life Insurance
• Paid time off
• Vision insurance
• Referral Program
• Tuition Reimbursement