We are searching for an Actuary to join our Actuary & Business Analytics department. It is highly preferred that this candidate is local to the Nashville, TN area or would consider relocation to this area. Fully remote consideration will be taken into account if needed but is not preferred. Fully remote individuals will need to travel onsite for the interview process, as well as make trips to our Brentwood, TN office as needed throughout the year.
General Function
Utilize actuarial methods and innovative approaches to perform analyses that assist in pricing new and existing accounts. Oversee the monitoring and reporting on overall rate adequacy.
Major Duties and Responsibilities (Essential Functions)
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Provide actuarially sound pricing indications for large accounts.
- Provide actuarial support in the development of new products and services.
- Oversee the development of overall rate level indications.
- Provide actuarial and statistical analyses for claim and premium trends.
- Analyze profitability by segment and propose pricing changes by rating variable.
- Determine uses for predictive analytics within pricing and risk modeling.
- May direct the work of lower-level analysts.
- Collaborate with internal stakeholders such as Underwriting, Accounting, and Claims to support their needs for pricing, mining of data, and reporting.
- Meet or exceed supervisor's expectations for productivity, quality, continuous improvement, and goal accomplishment.
- Contribute to SVMIC's success by identifying opportunities and making recommendations that may lead to improved processes.
- Regular and predictable on-site attendance required.
- Ability to work remotely as business needs dictate.
- Complete special projects and other duties assigned.
Skills and Abilities Required
- Effective interpersonal skills and the ability to work independently and recognize when and how to effectively collaborate with others.
- Proficient with Microsoft Outlook, PowerPoint, and Word.
- Advanced knowledge of data processing abilities, using tools such as Microsoft Excel, Power BI, VBA, and Microsoft SQL
- Highly focused with excellent analytical, problem-solving, and critical thinking skills.
- Ability to efficiently manage multiple projects.
- Ability to research, read, comprehend, analyze, apply and distill large amounts of complex information into useful tools, presentations and/or conversations.
Professional Essentials
- Contribute to a positive, professional, creative and innovative achievement-oriented work environment that emphasizes SVMIC's mission, vision, and values.
- As part of our inclusive environment, communicate ideas and needs, makes space for disagreement over ideas and expeditious resolution.
- Appropriately prioritize multiple/complex tasks and responsibilities; effectively allocate time, optimize work practices and handle interruptions effectively.
- Appropriately cope with the occasional stress that comes with interpersonal interactions in a standard office environment.
- Manage relationships with others in a professional, courteous manner.
- Receive and utilize constructive criticism to grow and develop professionally
- Exercise integrity, discretion, and confidentiality when exposed to or interacting with sensitive and proprietary information.
- Stay current with constantly evolving business and technology by seeking out and participating in opportunities to grow technical and professional skills.
Education
Bachelor's Degree (B.A., B.S.) preferably in a quantitative field such as mathematics, statistics, economics, or actuarial science, or equivalent combination of education and specialized training
Experience
5-7 years of directly related experience, insurance experience required.
Licenses and Professional Designations
Fellow of the Casualty Actuarial Society (FCAS) preferred with 3 to 5 years of experience working with professional liability insurance
- OR -
Associate of the Casualty Actuarial Society (ACAS) accepted with 5 to 7 years of experience working with professional liability insurance.
[candidate must hold one of the above, with a preference on FCAS]
Degree of Supervision
None.
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