Pricing Actuary
Fortegra is seeking a talented pricing actuary to assist with a wide variety of projects. This role offers an exciting opportunity to apply your expertise while broadening your skill set through diverse pricing and reserving tasks.
This position is ideal for an actuary eager to make an impact and expand their professional horizons.
Key Responsibilities
- Assist senior actuaries in review of new program opportunities.
- Identify areas of strong profitability for growth and underperforming segments for contraction or exit.
- Collaborate with the CAT modeling and reinsurance team to assess and address segments driving PMLs.
- Clearly and concisely present findings and recommendations to a range of stakeholders, including senior actuarial management, underwriting teams, compliance officers, external MGA partners, and regulators.
- Perform regular rate indications for all states and programs using standard actuarial methods.
- Recommend rate actions with a focus on profitability while considering market conditions and regulatory constraints.
- Research peer company filings and develop adequate and supportable rates where no data is available.
- Prepare rate filing analyses and exhibits, ensuring alignment with state-specific requirements and filing checklists.
- Address DOI objections strategically, promptly and effectively.
- Coordinate with compliance to ensure timely filing submissions.
- Support additional initiatives, such as reserve reviews for assigned segments, and data calls.
The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.
Qualifications
- 5+ years of experience.
- 5+ actuarial exams completed, with a commitment to pursuing CAS designation; other insurance designation (CPCU, ARe etc.) a plus.
- Proficiency in MS Excel.
- Knowledge of SQL, Python or other programming languages is preferred.
- A proactive, creative approach to problem-solving.
- Exceptional interpersonal skills, with the ability to communicate complex results to diverse audiences.
- Strong organizational and prioritization skills.
- Ability to think creatively, highly-driven and self-motivated.
- Familiarity with MGA business a plus.
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- 5+ years of experience
- 5+ actuarial exams completed and commitment to pursuing CAS designation
- Other insurance designations (CPCU, ARe)
- Proficiency in MS Excel
- Knowledge of SQL, Python or other programming languages
- A proactive, creative approach to problem-solving
- Exceptional interpersonal and communication skills
- Strong organizational and prioritization skills
- Highly driven and self-motivated
- Familiarity with MGA business
- Authorization to work for any employer in the United States (no visa sponsorship)
What We Do
Fortegra offers a variety of innovative insurance and reinsurance products, from consumer protection products to specialty program insurance. With an A.M. Best Financial rating of A- Excellent and total assets in excess of $2.47 Billion, we have the financial strength and stability you need in an insurance partner. As part of our full-service and vertically integrated approach we offer premium finance, credit protection and policy/claim administration.
