What are the responsibilities and job description for the Vice President of Actuarial and P/C Underwriting position at Michigan Farm Bureau Family of Companies?
OBJECTIVE
Vice President of Actuarial and P/C Underwriting Objective
To plan, organize, and direct the Property/Casualty (P/C) Actuarial, P/C Personal Lines Underwriting, P/C Product and Forms, P/C Customer Service, Customer Experience, Enterprise Risk Management, Imaging & Mailing Services and Enterprise Data Analytics functions to provide profitable and marketable growth in the companies. To provide quality and efficient service to clients, aid in the development and retention of business, and ensure compliance with insurance regulation.
RESPONSIBILITIES
Vice President of Actuarial and P/C Underwriting Responsibilities
Plan, organize, and direct P/C Actuarial functions. Direct the pricing of products to ensure a profitable and marketable position. Direct the completion of the Statement of Actuarial Opinion for the P/C Annual Statements.
Plan, organize, and direct the P/C Personal Lines Underwriting functions. Direct the development of and compliance with underwriting guidelines. Maintain knowledge of insurance contracts, underwriting practices and procedures, and applicable insurance regulation.
Plan, organize, and direct the Product and Forms functions. Direct the filing of policy forms and rates requiring regulatory approval. Assess the competitive position and/or weaknesses of current products and take appropriate actions. Oversee the organization’s Imaging and Mailing Services (IMS) functions, to assure timely and accurate delivery of information to policyholders, agents and other stakeholders. Develop and monitor relationships with external vendors for printing and mailing functions.
QUALIFICATIONS
Vice President of Actuarial and P/C Underwriting Qualifications
Required:
- Bachelor's degree required with emphasis on business, insurance law, actuarial studies, or business administration.
- Minimum ten years’ experience in property/casualty or related insurance required.
- Minimum five years’ experience in a management position required.
Preferred:
- Master's degree preferred.
- Thorough knowledge of product development, risk management and system implementation management preferred.
- Designations in CPCU, CIC, LLIF preferred.
Note: Farm Bureau offers a full benefit package including medical, dental, vision, and 401K.
PM19