[Remote] Assistant Actuary, Home Insurance
Note: The job is a remote job and is open to candidates in USA. Loggerhead Risk Management LLC is a property and casualty insurer focused on the unique needs of Florida homeowners. The Assistant Actuary will manage insurance products to ensure they are competitively priced and profitable, applying expertise in ratemaking, policy refinement, and data analysis.
Responsibilities
• Full ownership of insurance products’ profitability and competitiveness in the Florida market
• Researching competitive landscape to identify industry developments and opportunities to evolve product offerings to maintain competitiveness and price adequacy
• Management of rate review and filing process for insurance products to ensure timely implementation of rates, forms, and rules changes to support profitability and growth objectives
• Responsibility for entire process from data analysis to filing submission, including presenting to and obtaining approval from executive leadership team
• Preparation of communication to agencies and internal staff regarding product changes
• Monitoring performance of assigned products including loss ratios, demographics, market and industry trends, legislative and regulatory activities, etc. to anticipate problems and proactively design corrective actions
• Refinement of product strategy through the timely creation of new and improved coverage offerings, underwriting guidelines, and pricing that ensure Company insurance products remain competitive in marketplace and in compliance with laws and regulations
• Manages relationships with external parties, including vendors, insurance organizations and regulators
• Being a driving force to implement new products and product enhancements, including developing systems requirements and performing detailed testing
• Works on ad-hoc requests for analysis, research, reports, presentations dealing with business needs
• Build strong relationships with other business units and lead strategic direction for the long-term success of assigned areas
• Contributing to actuarial reserving function and supporting quarterly reserve reviews and annual actuarial report and opinion
• Assisting with reinsurance needs by analyzing risk-return tradeoff of various reinsurance structure options
• Assisting enterprise risk management function with quantitative analysis related to various risks to which Loggerhead is exposed
Skills
• Excellent interpersonal skills with the ability to establish working relationships with individuals at every level and across all roles within the organization
• Extensive knowledge and expertise in the interpretation of data to develop strategic/tactical plans for underwriting structures and selections
• Exceptional project management and organizational skills
• Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint)
• Proficient in SQL
• Excellent verbal and written communication skills
• Excellent organization and time management skills with the ability to work under pressure and in a remote environment
• Ability to take complex analytical results and present them in easy-to-follow presentations
• Excellent communication skills and the ability to interface at all levels of the organization
• Minimum 3 years' experience managing homeowners' insurance products
• Previous experience working closely with underwriting and/or product development
• Deep understanding of the homeowners' personal lines insurance market
• Expert knowledge of statutes and regulations governing the quoting, sales, bind, endorsing, servicing, and cancellation of insurance policies in Florida
• Membership as an associate of the Casualty Actuarial Society
• Proficient in Data analysis in Python / R or other language preferred
• Experience in working with financials and marketing preferred
Benefits
• 401(k)
• Dental insurance
• Health insurance
• STD/LTD
• Life Insurance
• Paid time off
• Vision insurance
• Referral Program
• Tuition Reimbursement
Company Overview
• Loggerhead offers insurance, property insurance and commercial insurance. It was founded in 2022, and is headquartered in Westmont, Illinois, USA, with a workforce of 11-50 employees. Its website is https://loggerhead.insurance.
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Responsibilities
• Full ownership of insurance products’ profitability and competitiveness in the Florida market
• Researching competitive landscape to identify industry developments and opportunities to evolve product offerings to maintain competitiveness and price adequacy
• Management of rate review and filing process for insurance products to ensure timely implementation of rates, forms, and rules changes to support profitability and growth objectives
• Responsibility for entire process from data analysis to filing submission, including presenting to and obtaining approval from executive leadership team
• Preparation of communication to agencies and internal staff regarding product changes
• Monitoring performance of assigned products including loss ratios, demographics, market and industry trends, legislative and regulatory activities, etc. to anticipate problems and proactively design corrective actions
• Refinement of product strategy through the timely creation of new and improved coverage offerings, underwriting guidelines, and pricing that ensure Company insurance products remain competitive in marketplace and in compliance with laws and regulations
• Manages relationships with external parties, including vendors, insurance organizations and regulators
• Being a driving force to implement new products and product enhancements, including developing systems requirements and performing detailed testing
• Works on ad-hoc requests for analysis, research, reports, presentations dealing with business needs
• Build strong relationships with other business units and lead strategic direction for the long-term success of assigned areas
• Contributing to actuarial reserving function and supporting quarterly reserve reviews and annual actuarial report and opinion
• Assisting with reinsurance needs by analyzing risk-return tradeoff of various reinsurance structure options
• Assisting enterprise risk management function with quantitative analysis related to various risks to which Loggerhead is exposed
Skills
• Excellent interpersonal skills with the ability to establish working relationships with individuals at every level and across all roles within the organization
• Extensive knowledge and expertise in the interpretation of data to develop strategic/tactical plans for underwriting structures and selections
• Exceptional project management and organizational skills
• Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint)
• Proficient in SQL
• Excellent verbal and written communication skills
• Excellent organization and time management skills with the ability to work under pressure and in a remote environment
• Ability to take complex analytical results and present them in easy-to-follow presentations
• Excellent communication skills and the ability to interface at all levels of the organization
• Minimum 3 years' experience managing homeowners' insurance products
• Previous experience working closely with underwriting and/or product development
• Deep understanding of the homeowners' personal lines insurance market
• Expert knowledge of statutes and regulations governing the quoting, sales, bind, endorsing, servicing, and cancellation of insurance policies in Florida
• Membership as an associate of the Casualty Actuarial Society
• Proficient in Data analysis in Python / R or other language preferred
• Experience in working with financials and marketing preferred
Benefits
• 401(k)
• Dental insurance
• Health insurance
• STD/LTD
• Life Insurance
• Paid time off
• Vision insurance
• Referral Program
• Tuition Reimbursement
Company Overview
• Loggerhead offers insurance, property insurance and commercial insurance. It was founded in 2022, and is headquartered in Westmont, Illinois, USA, with a workforce of 11-50 employees. Its website is https://loggerhead.insurance.
Apply tot his job
Apply To this Job