Overview

Are you an Auto Insurance Pricing Actuary ready to transform a niche segment in auto insurance? American Collectors Insurance is seeking a visionary, analytical mind to drive transformation in our collector auto insurance program. As our Pricing Actuary, you'll harness your expertise in insurance pricing and rate plan development to craft the blueprint for a profitable, next-generation insurance program. If you desire to unleash your pricing experience and operate in a lean, cross functional-team environment, join us on our journey of innovation!

Job Summary: The Pricing Actuary role at American Collectors Insurance is responsible for building pricing models, evaluating collector auto risk profitability, and collaborating with cross functional teams to analyze and submit rate and rule filings on a countrywide basis.

Responsibilities

• Build and update auto rate indications to monitor overall rate level adequacy at both a countrywide and a state level.
• Prepare risk segmentation analysis and apply pricing components and rating methodologies to price new and existing risks based on thorough statistical analysis.
• Collaborate with data modelers in design and implementation of new rating structures.
• Explore and perform actuarial analyses including rate dislocation and monitoring with internal analytical tools/software.
• Work closely with Insurance Product Managers to monitor state profitability and prepare rate and rule filings.
• Strong problem-solving and analytical skills, with the ability to troubleshoot and resolve issues quickly and effectively.
• Perform competitor analysis to maintain awareness of pricing and product development(s) in the marketplace.
• Leverage analytics to measure / monitory product performance across multiple states to identify opportunities to improve existing rating plan and/or prioritize product enhancements.
• Keep informed of current competitor offerings / industry / actuarial developments and monitor trends that could impact pricing levels.
• Strong organization and project management skills with the ability to work in a dynamic environment, while adhering to project deadlines
• Excellent business acumen and strategic vision for technological innovation across platforms, data, and analytics
• Perform special projects and other duties as assigned.

Qualifications

• 3 or more years in product development, rating plan modeling, pricing and/or underwriting in the actuarial field or related role.
• Bachelor's degree in statistics/mathematics or equivalent.
• Ability to apply actuarial methods to develop insurance rating and pricing structures and be able to transform analytics into business opportunities.
• Strong analytical and problem-solving skills.
• Ability to function in a fast-paced environment and manage multiple projects simultaneously.
• Solid communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
• Organized and detail oriented.
• Familiar with interpretation of outputs from Generalized Linear Modelling software.
• Actuarial certification (ACAS/FCAS) preferred.
• Proficient in Microsoft Office products with advanced skills in Excel.