Manager, Actuary

Manager, Actuary - Workers’ Compensation | 100% Remote (WFH) General Summary

The Manager and Actuary position will participate in a broad variety of activities in support of a dynamic, expanding actuarial function in EMPLOYERS. This position compiles and analyzes company and industry data in support of actuarial functions like the development, pricing, control and administration of products offered by the company, in the estimation of current and future company assets and liabilities, and in the preparation of financial statements and other reports.

This position will frequently interact independently with other departments to support various aspects of company operations. We are an innovative company, actively looking for ways to deliver insurance coverage more efficiently. We expect this position to bring creative insights and a strong work ethic to move our actuarial initiatives forward.

• Prepares and manages at least one significant segment of EMPLOYERS actuarial analysis for rate filings, reserving, data validation, products, and/or research. This includes utilizing actuarial systems and programming skills to access and organize the data, performing the applicable actuarial calculations, analyzing moderate to complex information, evaluating results and the accuracy of inputs, and updating exhibits and slides.
• Complete actuarial analysis and other assigned tasks on time and in keeping with corporate and professional standards, including all documentation, and proactively communicate project progress and status to relevant parties.
• Continuously identify and implement improvements to existing processes/procedures, with a focus on quality and efficiency.
• Identify, investigate, and resolve problems using advanced actuarial techniques, deviating from established procedures and incorporating new techniques when necessary.
• Act as a technical and peer reviewer for others’ work, asking probing questions when needed. Work with other technical and peer reviewers to incorporate all changes and commentary.
• Present results and insights to peers, senior staff, and other departments as needed, as well as answer complex follow-up questions.
• Request and provide respectful and candid feedback on technical and non-technical items.
• Demonstrate knowledge of impacts of business decisions on other company business units and on the company’s financial results.
• Build constructive and effective relationships across the company, and provide training and guidance to junior actuarial team members and other staff.
• Participate in cross‑departmental projects and working groups as needed.
• Manage assigned actuarial direct report(s), providing leadership and promoting company initiatives and culture. Mentor, develop and teach assigned direct report(s) in actuarial work and exam progress. Participate in managerial trainings and other manager‑specific activities.

• Leads at least one significant area below, including setting up meetings, keeping notes, and ensuring deadlines are met:
• Rate indications
• Profitability Reviews
• Development of new insurance products
• Preparation and defense of rate and rule filings
• Development and maintenance of pricing tools and dashboards
• Transactional pricing/loss rating for large accounts
• Predictive modeling work in the development of new versions of the pricing model
• Analysis to determine the Budget Loss Ratio, and other Financial Plan components
• Cost Benefit Analyses for new business opportunities
• Demonstrates mastery of most of the areas listed above.

• Leads at least one significant area below, including setting up meetings, keeping notes, and ensuring deadlines are met, and prepares or assists in preparing actuarial analysis and support, including:
• Quarterly loss reserve analysis, on a gross and net‑of‑reinsurance basis
• Company balance sheet liabilities
• Quarterly/annual financial statements, including exhibits and reports
• Quarterly/annual actuarial reports, including the Statement of Actuarial Opinion, for each company and segment
• Audit request materials
• Data calls for NCCI, WCIRB, and other bureaus
• Requests from actuarial pricing (in the preparation of rate…