We are seeking a hands-on actuary who is ready to lead a small team of actuaries to support market needs across the major actuarial functions, including rate indications, segmentation, and reserving.
What You’ll Do:
You will direct the development of the data needed to support the analysis of pricing, rating plans, reserving, and research projects. Develop specifications for Information Systems to develop the needed data extracts, and monitor the data developed for accuracy and completeness.
You’ll hire, train, and supervise staff. Develop goals and conduct performance appraisals. Approve and initiate salary increases, promotions, terminations, and other changes in employee status.
You will partner with Product Management, Underwriting, Claims, Sales, Regulatory Affairs, and Office of the General Counsel to develop strategies, assess the financial and marketing impact of those strategies, and follow up to assure effective execution.
You’ll perform the review of loss reserves and recommend amounts to maintain accurate and adequate levels.
You will perform analysis of competitors' rating plans and rate levels identifying areas where they have competitive advantages and weaknesses. Provide recommendations for changes to rating plans based on the analysis.
You’ll develop forecasts of anticipated loss experience, considering current results and environmental trends, to support the budget process and financial analysis projects.
You will prepare regulatory filings needed for rate and rate plan changes. Complete all correspondence, coordinate the internal review before submission, and team with Regulatory Affairs to assure prompt approval by the regulators. Work with regulatory staff to respond to their questions.
What You’ll Need:
Bachelor’s degree, preferably in finance or mathematics, or equivalent combination of education and experience required.
6 to 8 years’ experience in the actuarial field required.
Must be an Associate of the Casualty Actuarial Society with intention of becoming a Fellow.
SQL experience strongly preferred
Statistical or Actuarial modeling experience is also a plus.
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The starting pay range for this position is:
$208,300.00 - $277,000.00Additionally, for full time positions, you will be eligible to participate in our incentive program based upon the achievement of organization, team and personal performance.
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Remarkable benefits:
• Health coverage for medical, dental, vision
• 401(K) saving plan with company match AND Pension
• Tuition assistance
• PTO for community volunteer programs
• Wellness program
• Employee discounts
“Through dedicated employees we proudly deliver legendary service and beneficial products that provide members peace of mind and value.”
AAA is an Equal Opportunity Employer
The Automobile Club of Southern California will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable federal, state, and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance (FCIHO), the Unincorporated Los Angeles County (ULAC) regulation, and the California Fair Chance Act (CFCA).
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