VP, Actuary – Commercial Lines Pricing

Incline P&C Group (Incline) is a quickly growing insurance fronting carrier based in Austin, TX.

We are looking for a Vice President, Actuary to focus on commercial lines pricing. This role oversees statistical modeling to establish rates, performs new program due diligence, and supports active programs operating under Incline. The VP, Actuary – Commercial Lines Pricing will report to the Chief Actuary and assist in managing the actuarial department.

Responsibilities:

New Program Due Diligence

Perform program historical results and profitability analysis
Review trend, LDFs, Rate change history and projections provided in new business submission
Conduct state / product / LOB profit analysis around the new opportunity
Translate underwriting business plans and projections into quantifiable KPIs that can be tracked at inception of program
Evaluate actuarial capabilities of Program Administrator and/or their consultants
Understand pricing methodology or rate algorithms for the business
Understand rate filing process, where necessary

Active Program Support

Update profitability analysis for all active programs at least twice a year - prior to renewal and for Budget purposes
Monitor KPIs defined during due diligence
Define methodology and perform risk adjusted rate change analysis for each program
Create alternative methods for ensuring price monitoring (eg vs benchmarks, price per million, etc)
Develop methods to track exposures and concentrations
Perform LOB studies on major segments of Incline’s business to assist as benchmarks
Work with Program Administrator on rate change plan or rate filing plan to maintain profitability
Provide information to support reinsurance placements
Build actuarial presentations with reinsurance brokers for use in placement submissions
Respond to underwriter requests regarding analysis of new products and geographies
Assist in audits of the program administrator
Validate and document changes in program pricing approach, including changes in rating models

Catastrophe Exposure Monitoring and Other Corporate Items

Develop process to aggregate group catastrophe exposure
Work with Exec Team to define corporate risk tolerance
Assist in corporate cat reinsurance placement
Identify opportunities for new business growth and diversification
Assist in corporate reinsurance placements
Aid in preparation of budgets and forecasts by Finance

Data and Support

Interact with data team and Actuarial & Underwriting data analysts to define data warehouse needs
Build dashboards and reports to allow online access to rate change and other performance metrics
Develop tools for large account pricing assistance and home office referrals
Aid in evaluating models and tools such as RMS, for corporate uses

Requirements and Qualifications:

ACAS or FCAS designation (or equivalent in other countries) is preferred
Bachelor’
7+ years of experience in actuarial pricing, portfolio management or similar position
Intermediate knowledge of data analysis tools, data visualization, developing analysis queries and procedures in Excel, Python, R, SQL, SAS, or other analysis software, and relevant industry data & methods and ability to connect technical insights to business problems
Demonstrated familiarity with relevant actuarial, mathematical, and statistical techniques and approaches used to support fact-based decision making
Strong communication, interpersonal, organization, leadership, and critical thinking skills
Ability to effectively communicate insights and solutions to broad audiences including actuarial and non-actuarial stakeholders

Incline P&C Group is an equal opportunity employer (EEO).

Incline P&C Group

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Incline P&C Group | Vice President, Actuary - Commercial Lines