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Actuarial Solutions Manager
2 months ago
VTRAC Consulting Corporation is seeking a highly skilled Actuarial Solutions Manager to lead our efforts in product innovation and data science in underwriting and claims. As a key member of our team, you will be responsible for utilizing our data assets and analytical software tools to drive product development and decision-making.
Key Responsibilities- Team Leadership
- Develop and nurture team expertise, ensuring growth in skillsets and knowledge.
- Strategize, manage, and coach the team on a daily basis.
- Provide frequent project updates to stakeholders and propose solutions to any challenges encountered.
- Oversee projects from start to finish, ensuring proper documentation and effective delegation, with timely follow-ups.
- Research & Development
- Extract and analyze complex datasets from various sources, evaluating the quality of data.
- Create innovative tools to enhance business value.
- Explore and implement cutting-edge actuarial and insurance techniques, sharing insights and outcomes with the broader organization.
- Analyze performance data to refine underwriting strategies and collaborate with stakeholders for actionable outcomes.
- Pricing Analysis
- Lead pricing reviews for all product lines, including rate indications, loss ratio analysis, competitive studies, and regulatory filings, utilizing actuarial principles and advanced statistical techniques like GLMs.
- Identify trends and adjust underwriting strategies accordingly, working closely with leadership, underwriting, and IT teams.
- File rate changes with regulatory bodies as necessary.
- Data Analytics
- Understand and leverage company systems to effectively utilize data infrastructure.
- Extract, explore, and analyze various datasets, such as billing and quote data, to support business decisions.
- Bachelor's degree in a relevant field such as Computer Science, Statistics, or Actuarial Science.
- Minimum of 5 years of actuarial experience in a progressive role.
- Ideally 2+ years of leadership experience.
- Completion of at least 5 actuarial exams; FCAS or ACAS designation preferred.
- Advanced proficiency in tools like SAS, SQL, and Excel.
- Familiarity with Emblem is a plus.