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Chief Actuary job in Jacksonville

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Jacksonville, Florida - FL Berkley

Job Ref:  9916
Employer:  Berkley
Sector:  P&C/General Insurance/Non-Life
Qualifications:  Senior Qualified Actuary
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  United States
State/Province/County:  Florida - FL
City:  Jacksonville
Post Code:  32256
Map: 

Description

Company Details

Carolina Casualty (CCI) is a Berkley Company. CCI offers insurance products to insureds that operate in the commercial trucking and public transportation industries within the United States. The company has delivered value to its customers through industry-focused underwriting and claim service expertise for over 80 years. The coverages provided include auto liability, general liability, auto physical damage, and cargo.

We are a culture that emphasizes inclusion, collaboration, innovation, and team. Carolina Casualty Insurance Company was recently recognized as one of the 2023 Best Places to Work in the insurance industry.

The company is an equal opportunity employer.

Responsibilities

CCI is looking for a Chief Actuary to join their seasoned executive management team. The position will report to the president of Berkley Transportation. Responsibilities include the management of a small highly skilled team and overseeing the pricing, reserving, financial reporting, business monitoring, planning, product development and predictive modeling functions of the actuarial department. The overriding objective is to help the company consistently meet or exceed its corporate profitability and growth objectives. The ideal candidate will have strong communication and leadership abilities while having the willingness to take a hands-on role within the department. Embracing hard work is an important trait for this niche and highly entrepreneurial environment. This a high visibility position within the company as well as for the corporation in general.

Key functions include:
  • Collaborate with the Executive Team in development and execution of company strategies and plans.
  • Develop Actuarial Department objectives to ensure coordination with the company strategic plan.
  • Maintain a strong working knowledge of insurance contracts, state legal requirements, company business initiatives and industry trends/practices as pertain to Chief Actuary duties.
  • Manage team of seasoned actuaries. Provide goals and encourage personal development. Mentor as needed to elevate the department to best in class.
  • Drive innovation through analytics and predictive modeling to better understand the business.
  • Evaluate the effectiveness and adequacy of the company's' pricing models and monitoring tools.
  • Provide vision to improve efficiency and data quality/collection through stronger model and policy system integration.
  • Manage relationships with corporate, reinsurance partners and other company actuaries.
  • Perform quarterly reserve reviews, prepare Schedule P and assist the finance team with their actuarially oriented financial reporting requirements.
  • Attend the quarterly corporate CFO meetings. Discuss reserve position, loss trends, rate change, pricing adequacy, current year loss projections.
  • Monitor trends within the Property/Casualty insurance industry and communicate significant developments to the department and executive teams.
  • Support an environment that is transparent and open, where everyone is encouraged to achieve, express new ideas, and embrace change.


Qualifications

  • Minimum bachelor's degree in actuarial science, math/statistics, economics, finance, or other related discipline.
  • Fellow of the Casualty Actuarial Society (FCAS) designation.
  • 15+ years of experience, preferably in commercial lines, that includes the multifunctional areas of pricing, reserving, and analytics.
  • Exceptional oral and written communication skills. Leadership requires the ability to communicate with individuals of all functional backgrounds and technical abilities.
  • High level of integrity and dependability with a strong sense of urgency and results-orientation.
  • Collaboration experience with key resources and stakeholders, with the ability to influencing decisions while managing work to achieve strategic goals.
  • A forward thinker who can understand the direction of the company and create and/or modify models, tools, and systems to achieve efficiency and long run success.
  • Prior leadership experience in building, managing and/or developing high-performing actuarial teams.
  • A highly technical background with a knowledge of programing and database management.
  • Demonstrated success in product management and technology modernization initiatives.
  • Solid foundation in predictive analytics including an understanding of a variety of techniques and success measures


Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship Details

Sponsorship not Offered for this Role
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