Managing, Actuary REMOTE, AF Group

<strong>AF Group (Lansing, Mich.) and its subsidiaries are a premier provider of innovative insurance solutions. Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company, or CompWest Insurance Company.</strong>

United States, USA

AF Group

<p class="p1"><strong>AF Group&rsquo;s focused and passionate team uses industry-leading best practices, analytics and resources to manage risk and minimize loss for our policyholders while strengthening businesses with our valued independent agent partners.</strong></p> <p class="p1"><strong>We strive to continuously increase the long-term value of our organization by outperforming our industry peers and fostering a culture of underwriting and claims excellence.</strong></p>

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Mid-level Manager

Competitive Compensation and Benefits Package

Overview: <br /> <p><strong>REMOTE opportunity</strong></p> <p>Responsible for managing and coordinating day-to-day office operations and workflow of actuarial unit. Manage, motivate and develop actuarial staff. Exchange information with staff and offer assistance in addressing workflow needs. Manage all resources associated with the actuarial operations unit including performing advanced-level actuarial analysis, manage department workload and priorities, maintaining efficient processes, and communicating results. Aid department director in strategic planning.<br /><br /></p> <p><strong>WORKING CONDITIONS:</strong></p> <p>Work is performed in an office/remote&nbsp;setting with no unusual hazards.&nbsp;&nbsp;</p>
Responsibilities: <br /> <ul> <li>Analyzes data and presents analysis in a format appropriate for pricing, loss reserving, product development, reinsurance and other financial analysis.&nbsp;Effectively communicates, makes recommendations, and presents data to appropriate personnel.</li> <li>Prepares commentary for executive management regarding profitability trends and their causes.</li> <li>Works with various business units to help create and drive strategic plans and metrics.</li> <li>Monitors premium and loss ratio projections, communicates status to Operating Units and the Holding Company.&nbsp;</li> <li>Acts as a liaison to Finance and assists in annual profit planning process and expense forecasting as necessary.</li> <li>Participates in loss reserve analyses and monitors reserve levels throughout the quarters.</li> <li>Presents loss reserve analysis to executives and identifies key assumptions underlying results.</li> <li>Monitor profitability of various segments, makes recommendations to take corrective action as necessary, and monitors action plans.</li> <li>Maintains and helps design pricing, reserving, reinsurance, and forecasting models.</li> <li>Represents Actuarial on corporate projects as needed.</li> <li>Provides support and peer review to the Capital Modeling team and the Capital Allocation process.</li> <li>Works with the Enterprise Risk Management team on identifying on monitoring risks.</li> <li>Assigned advanced special projects as needed.</li> <li>Specific tasks that will need to be overseen may include, but are not limited to:</li> <li>Direct work with one or more operating units to help with strategy and planning.</li> <li>Quarterly reserving analysis.</li> <li>Rate reviews and filings.</li> <li>Reinsurance oversight including pricing, data submission, and relationship with brokers.</li> <li>Forecast model updates.</li> <li>Ad Hoc industry financial analysis.</li> <li>Pricing tools and analysis (large account pricing workbook and segmentation tools).</li> <li>Dividend and Retro Accruals.</li> <li>Monthly booking process with Finance.</li> <li>Monthly scorecard updates.</li> <li>Provide guidance, training, and leadership to employees and mentor other actuarial analysts.</li> <li>Assure appropriate level of documentation in regard to actuarial department and procedures.</li> <li>Ensure efficient and effective use of company resources, evaluate processes and procedures, and develop new procedures.</li> <li>Assist in the creation of a department strategic plan that supports corporate initiatives.</li> <li>Regularly communicate issues or progress to the department director.</li> <li>Adhere to deadlines and ensure work is completed on a timely basis.</li> <li>Participate in the development of annual departmental budget.</li> <li>Act as a subject matter expert for communication used for the parent and board of directors. Ensure that all material produced is of utmost quality, is internally consistent, and is completed in timely manner.</li> <li>Institute a peer review process for critical deliverables and provide peer review support for other processes as requested.</li> <li>Exercise discretion when communicating outside of department.</li> <li>Maintain confidentiality of information processed as appropriate.</li> </ul> <p>&nbsp;</p> <p><strong>DIRECTION EXERCISED:<br /><br /></strong></p> <ul> <li>Directly supervises exempt and non-exempt staff in accordance with company policies and applicable Federal and State Laws.&nbsp;</li> <li>Responsibilities include but are not limited to effectively interviewing, hiring and training employees; planning, assigning and directing work; appraising performance; rewarding and counseling employees; addressing complaints and resolving problems; supporting and encouraging the engagement process.</li> </ul> <br /> <p>This position description identifies the responsibilities and tasks typically associated with the performance of the position. Other relevant essential functions may be required.</p>
Requirements: <br /> <p><strong>EDUCATION OR EQUIVALENT EXPERIENCE:<br /><br /></strong></p> <ul> <li>Bachelor&rsquo;s degree in actuarial science, mathematics, or a related area required.</li> <li>Attainment of Associate designation from the Casualty Actuarial Society required.</li> <li>Continuous learning, as defined by the Company&rsquo;s learning philosophy, is required.&nbsp;</li> <li>Certification or progress toward certification is highly preferred and encouraged.</li> </ul> <br /> <p><strong>Additional Education for Managing Actuary:<br /><br /></strong></p> <ul> <li>Attainment of Fellow designation from the Casualty Actuarial Society required.</li> </ul> <p><strong><br /><br />EXPERIENCE:<br /><br /></strong></p> <ul> <li>Seven years of relevant actuarial experience which provides the necessary skills, knowledge and abilities required.</li> <li>Two years management or supervisory experience, or combinations of related training and experience required.&nbsp;</li> </ul> <br /> <p><strong>SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED:<br /><br /></strong></p> <ul> <li>Knowledge of mathematics and statistics with the ability to perform necessary mathematical computations.</li> <li>Advanced knowledge of actuarial principles and practices, including reinsurance, reserving and ratemaking, financial reporting, underwriting and marketing guidelines and claims practices.</li> <li>Ability to apply the principles of logical thinking to define problems; collect data, establish facts and draw conclusions.</li> <li>Excellent communication with others both verbally and in writing and the ability to communicate actuarial concepts and conclusions to non-actuaries.</li> <li>Expert user of Excel, Access, and preferably ResQ.</li> <li>Ability to learn new software easily.</li> <li>Ability to effectively exchange information clearly and concisely, present ideas, report facts and other information, and respond to questions as appropriate.</li> <li>Excellent oral and written communication skills.</li> <li>Ability to manage multiple priorities, establish workflows, and meet necessary deadlines.</li> <li>Thorough knowledge of departmental procedures and workflows.</li> <li>Demonstrated leadership abilities.</li> <li>Ability to comprehend the consequences of various problem situations and address them.</li> <li>Ability to make competent, independent decisions.</li> <li>Ability to maintain confidentiality as appropriate.</li> <li>Ability to perform other assignments at locations outside the office.</li> </ul> <br /><br /> <p>The qualifications listed above are intended to represent the minimum education, experience, skills, knowledge and ability levels associated with performing the duties and responsibilities contained in this job description.&nbsp;</p> <p>We are an Equal Opportunity Employer. Diversity is valued and we will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an "at will" basis. Nothing herein is intended to create a contract.</p>