Ohio Farmers Insurance Company - Actuarial Specialist - Seville, Ohio
The Actuarial Specialist is a technical subject matter expert and a thought leader for the actuarial department. This role provides recommendations and leads special actuarial projects. Responsibilities include:
- Applying advanced technical actuarial acumen to design and implement new rating algorithms on Westfield systems.
- Researching and developing best practices pricing techniques to be implemented across the business.
- Estimating unpaid loss and loss expense liabilities using advanced reserving methodologies.
- Directing actuarial projects while applying actuarial skills and knowledge of the Company's insurance products and operations.
- Ensuring accuracy of calculations and analyses, and meeting project deadlines.
- Driving stakeholder engagement and communicating complex analytical business concepts to Actuarial leadership and business partners.
- Leading pricing of new and existing products and collaborating with the Underwriting and Product team.
- Applying advanced actuarial methods to estimate expected losses, cash flows, and risk aggregations.
- Providing actuarial input into portfolio monitoring, business planning, and projections.
- Preparing and reviewing profit analysis and identifying innovative approaches to improve product profitability.
- Communicating product development progress to senior management.
- Leading the development of management reports for monitoring performance and results of company goals.
- Developing and maintaining knowledge of industry activities through seminars, trade journals, and professional affiliations.
- Performing ongoing review and improvements of pricing and processes for greater automation, accuracy, and rate adequacy.
Minimum Requirements:
- 6+ years of Actuarial work experience, primarily in Personal Lines pricing.
- An Associate of the Casualty Actuarial Society.
- Bachelor's degree in Mathematics, Actuarial Science, Statistics, or a related field and/or commensurate work experience.
Westfield celebrates diversity and is committed to inclusion. All qualified applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.
#J-18808-Ljbffr
