Lead Actuary

Posted 2 Days Ago
Be an Early Applicant
Water Street, PA
121K-228K Annually
Senior level
Insurance
The Role
The Lead Actuary is responsible for leading pricing studies, updating pricing tools, leveraging large datasets for analysis, and effectively communicating findings to business partners. The role involves identifying gaps in data capture and providing support for reporting and ad hoc requests, ensuring alignment with business priorities.
Summary Generated by Built In

Primary DetailsTime Type: Full time

Worker Type: Employee

The Opportunity

Primary Responsibilities
• Leads portfolio studies to refresh pricing parameters including loss cost, frequency, severity, credibility, and other components.
• Leads updates to pricing raters and tools to accommodate business feedback and newest studies.
• Leverages large datasets to support analysis and appropriate actuarial judgement and business acumen when data is thin or otherwise lacking.

• Clear communication of studies to business partners and demonstrates a clear understanding of business priorities.
• Identifies gaps in data capture tools and schemas and develops plans to bridge these gaps.
• Supports reporting and ad hoc requests for portfolio using pricing tools and databases as needed.
Required Education
• Bachelor's Degree or equivalent combination of education and work experience
Required Experience
• 7 years relevant experience
Preferred Competencies/Skills
• Transactional pricing
• Exposure to Construction or Excess Casualty P&C lines of business.
• Ability to leverage modern tools and programming languages, eg SQL, R, Python, etc to develop analysis
•Implement planning to prioritize, organize, measure work
•Influence team to adopt recommendations
•Adapt and be flexible in a complex changing environment
•Choose a solution to a problem even in ambiguous or difficult situations
•Clearly and confidently convey information to a wide audience
•Keep an open-mind, consider unique approaches and be open to change and considerable variety in the workplace
•Utilize accurate and thorough approach to budgetary information gathering and proposal preparation
•Utilize motivational, inspirational and enthusiastic approach to team leading and management
•Establish a high degree of trust and credibility with others
Preferred Education Specifics
• Degree in Mathematics, Statistics, Finance, Economics or other quantitative field
Preferred Experience
• 7+ years of experience
•property and casualty actuarial field
•experience with actuarial analyses or predictive modeling in area of responsibility
•increasing levels of responsibility
Preferred Licenses/Certifications
• 7+ casualty actuarial exams
Preferred Knowledge
• Advanced working knowledge of current and possible future policies, practices, trends, technology and information affecting his/her business and organization; knows how the industry works
•Advanced working knowledge of computer systems and software
•Current and contemporary actuarial pricing and reserving techniques and best practices
About QBE

We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future by helping those around us build strength and embrace change to their advantage. 

We’re an international insurer that’s building momentum towards realizing our vision of becoming the most consistent and innovative risk partner. 

And our people will be at the center of our success. We’re proud to work together, and encourage each other to enable resilience for our customers, our environment, our economies and our communities. 

With more than 12,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind. 

We believe this is our moment: What if it was yours too? 

Your career at QBE — let’s make it happen! 

https://www.linkedin.com/company/qbe-north-america/ 


US Only - Travel Frequency
• Infrequent (approximately 1-4 trips annually)
US Only - Physical Demands
• General office jobs: Work is generally performed in an office environment in which there is not substantial exposure to adverse environmental conditions. Must have the ability to remain in a stationary position for extended periods of time. Must be able to operate basic office equipment including telephone, headset and computer. Incumbent must be able to lift basic office equipment up to 20 lbs.
US Only - Disclaimer
• To successfully perform this job, the individual must be able to perform each essential job responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.
Job Type
• Manager
Global Disclaimer
• The duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee’s normal duties. Our Group Code of Ethics and Conduct addresses the responsibilities we all have at QBE to our company, to each other and to our customers, suppliers, communities and governments. It provides clear guidance to help us to make good judgement calls.

Inclusion of Diversity

At QBE, we are deeply committed to fostering an inclusive workplace where each person is valued and respected for their authentic selves. If you require any assistance, such as alternative interview accommodations during the recruitment process, please do not hesitate to inform our Talent Acquisition team.

Compensation

Base pay offered will vary depending on, but not limited to education, experience, skills, geographic location and business needs

Annual Salary Range: $121,000 - $182,000

AL, AR, AZ, CO (Remote), DE, FL, GA, IA, ID, IL (Remote), IN, KS, KY, LA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NV, OH, OK, OR, PA, SC, SD, TN, TX (Remote, Plano), UT, VA, VT, WI, WV and WY

* * * * *

Annual Salary Range: $133,000 - $200,000

CA (Remote, Fresno, Irvine and Woodland), Greenwood Village CO, CT, Chicago IL, MA, MD, NY (Remote), RI, Houston TX and WA

* * * * *

Annual Salary Range: $152,000 - $228,000

NJ and New York City NY

Benefit Highlights

You are more than your work – and QBE is more than a workplace, which is why QBE provides you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally. Employees scheduled over 30 hours a week will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health.

We also offer a competitive 401(k) contribution and a paid-time off program. In addition, our paid-family and care-giver leaves are available to support our employees and their families. Regular full-time and part-time employees will also be eligible for QBE’s annual discretionary bonus plan based on business and individual performance.

At QBE, we understand that exceptional employee benefits go beyond mere coverage and compensation. We recognize the importance of flexibility in the work environment to promote a healthy balance, and we are committed to facilitating personal and professional integration for our employees. That's why we offer the opportunity for hybrid work arrangements.

If this role necessitates a hybrid working model, candidates must be open to attending the office 8-12 days per month. This approach ensures a collaborative and supportive work environment where team members can come together to innovate and drive success.

Skills:

Actuarial Science, Analytical Thinking, Critical Thinking, Decision Making, Financial Products, Intentional collaboration, Managing performance, Price Modelling, Problem Solving, Process Improvements, Risk Management, Sound Judgment, Stakeholder Management, Statistical Analysis Software (SAS), Waterfall Project ManagementApplication Close Date: 02/06/2025 11:59 PM

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

Top Skills

Python
R
SQL
The Company
Sydney, New South Wales
11,699 Employees
On-site Workplace
Year Founded: 1886

What We Do

QBE Insurance Group is one of the world's top 20 general insurance and reinsurance companies, with operations in all the key insurance markets. QBE is listed on the Australian Securities Exchange and is headquartered in Sydney. We employ more than 11,000 people in 27 countries.

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