Manager, Actuarial Pricing

Are you looking for more than just a job? Do you want to have a voice and feel a sense of belonging? At ICW Group, we hire innovative people who consistently adapt, grow and deliver. We believe in hard work, a fun work environment, and embracing creativity that only comes about when talented people collaborate to develop solutions. Our mission is to create the best insurance experience possible.

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for seven consecutive years as a Top 50 performing P&C company offering the stability of a large, profitable and growing company combined with a small-company entrepreneurial spirit. Our purpose-driven ethos provides team members with opportunities to contribute, develop, and belong.

The Manager, Actuarial Pricing will lead a team responsible for crucial tasks in managing and developing commercial insurance products. This role will collaborate closely with the Underwriting and Product departments to drive the development and implementation of new products while exploring opportunities to expand into new markets. The Manager is tasked with managing operational responsibilities, including ratemaking, actuarial project/pricing system oversight, and conducting actuarial research. Additionally, the role will be responsible for establishing and promoting best practices for actuarial analyses and providing support in database management and policy system development.

WHAT YOU WILL DO

Manages operational areas including ratemaking, actuarial pricing, and system oversight.

• Collaborates with Product and Underwriting departments to develop and implement new products and expand into new markets.

• Partners with business leaders to manage and optimize existing lines of business.

• Establishes and promotes best practices for actuarial analyses within the organization.

• Provides support in database management and system development initiatives.

• Works with Analytics, Underwriting, and Product teams to enhance rating methodologies, accurate pricing, and segmentation strategies.

• Analyzes rating programs and structures, assists in the maintenance of internal pricing mechanisms, and integration of pricing strategies with new technology and changes to underwriting rules.

• Leads efforts to develop, automate, standardize, and improve the rate indication process.

• Demonstrates intellectual curiosity to identify trends, potential issues, and their underlying causes.

• Evaluates tactical underwriting and pricing strategies.

• Effectively communicates sophisticated financial/actuarial information to varied audiences, tailoring communications based on audience needs.

• Establishes processes to communicate product performance and identify optimization opportunities.

• Fosters positive, collaborative working relationships with senior experts across the organization.

• Consistently delivers high levels of performance while operating in an environment of ambiguity.

• Promotes best practices for actuarial analyses and system development.

Develops and manages a team of Actuarial Analysts.

• Provides tactical and daily direction to the team ensuring high performance and growth. Communicates Mission, Values, and other organization operating principles to direct reports.

• Establishes and maintains the overall work cadence and, in partnership with senior actuarial leadership, ensures performance and outcomes strive for excellence in delivery and customer experience. Ensures that the entire team is engaged and that leadership practices encourage development, recognition, and retention.

• Establishes and adheres to hiring criteria, on-boarding, and training requirements for incoming staff.

• Oversees the performance management and development process for the team and performs performance management duties, development planning and coaching for direct reports.

• Acts as a resource for team members to answer questions and solve complex problems.

• Manages budget, technology and other resources, workload, and customer requests for services. Ensures adherence to all Company policies and procedures and Compliance responsibilities.

• Ensures data quality, adherence to IT security guidelines, profitability and other risk-related metrics for self and members of the team.

WHAT YOU BRING TO THE ROLE

• Bachelor's degree required in Actuarial Science, Mathematics, Statistics, or related field.

• Minimum 6 years of experience in actuarial roles within the Property and Casualty industry.

• Associateship in the Casualty Actuary Society (ACAS) designation required.

• Fellowship in the Casualty Actuary Society (FCAS) designation preferred.

• Minimum 3 years in supervisory positions preferred.

KNOWLEDGE AND SKILLS

• Strong understanding of insurance products and industry practices.

• Strong leadership and team management skills, with the ability to effectively develop and motivate direct reports.

• Proficiency in MS Office software and programming skills (e.g., SQL, R, Python).

• Excellent analytical and problem-solving abilities with demonstrated expertise in numerous actuarial techniques, standards, and assumptions.

• Strong communication skills, with the ability to convey complex concepts to diverse audiences.

• Proven track record of driving innovation and process improvement initiatives.

• Ability to thrive in a fast-paced, dynamic environment.

SUPERVISORY RESPONSIBILITIES

This position directly supervises employees within the Actuarial team and carries out supervisory responsibilities in accordance with company policies and applicable laws. These responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; conducting performance and salary reviews; rewarding and disciplining employees; addressing complaints and resolving problems; coaching, mentoring, and developing team members to further their skills and knowledge; creating and monitoring development plans; setting performance expectations/goals; forecasting staffing needs and planning for peak times and absences; enforcing department policies and procedures.

COMPENSATION

The salary range listed for this position, $130,723.36 to $233,997.57, is exclusive of fringe benefits and potential bonuses. If hired at ICW Group, your final base salary compensation will be determined by factors such as skills, experience and/or education. In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer. We typically do not hire towards the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package outlined below.

WHY JOIN ICW GROUP?

• Challenging work and the ability to make a difference

• You will have a voice and feel a sense of belonging

• We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match

• Bonus potential for all positions

• Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year)

• 10 paid holidays throughout the calendar year

• Want to continue learning? We'll support you 100%

ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex/gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.

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