Senior Actuarial Analyst, Insurance

Senior Actuarial Analyst, Home Insurance

About Loggerhead Risk Management LLC

Loggerhead is a property and casualty insurer that specializes in providing coverage that meets the unique needs of Florida homeowners. We’re a team of insurance professionals with customer service as our core value, and we understand the importance of providing attentive service to our policyholders. Loggerhead is powered by modern technology, guided by people who share a commitment to trust, empathy, always doing what’s right, flexibility, and teamwork.

What is the Role?

As part of Loggerhead’s Product and Risk team, the Senior Actuarial Analyst will manage its insurance products to ensure they’re priced adequately to meet Loggerhead’s profitability expectations yet still affordable in the Florida market. This role provides the opportunity to apply experience and expertise in insurance rate making, policy language refinement, and data analysis to create and refine products that are attractive to Florida consumers in both coverage and pricing.

This role will manage every stage of product management from internal analysis, proposals to management and other internal stakeholders, engagement with external stakeholders, including regulators and rating agencies, and systems implementations.

We’re looking for a nearly credentialed actuary that is self-driven to grow professionally and take personal responsibility for shaping Loggerhead’s current and future success in the Florida insurance marketplace. The selected candidate will be empowered with insight into all areas of the organization to both learn how to build an insurance company from the ground up and leave his or her imprint of on the company’s products.

Successful candidates will exhibit strong communication skills, comprehensive knowledge of actuarial principles, and the technical expertise necessary to drive results. Moreover, the ideal candidate should possess the ability to comprehend complex business challenges and devise effective solutions.

As an actuarial program team member, the selected candidate will gain experience in all core actuarial operations within an insurance company, including pricing, reserving, and enterprise risk management, with opportunities to engage leaders and contributors across all levels of operations. This candidate may have the opportunity - upon meeting NAIC qualification standards - to certify rate filings and eventually sign statements of actuarial opinion based on demonstrated capability.

• Full ownership of insurance products’ profitability and competitiveness in the Florida market
• Researching competitive landscape to identify industry developments and opportunities to evolve product offerings to maintain competitiveness and price adequacy
• Management of rate review and filing process for insurance products to ensure timely implementation of rates, forms, and rules changes to support profitability and growth objectives
• Responsibility for entire process from data analysis to filing submission, including presenting to and obtaining approval from executive leadership team
• Preparation of communication to agencies and internal staff regarding product changes.
• Monitoring performance of assigned products including loss ratios, demographics, market and industry trends, legislative and regulatory activities, etc. to anticipate problems and proactively design corrective actions
• Refinement of product strategy through the timely creation of new and improved coverage offerings, underwriting guidelines, and pricing that ensure Company insurance products remain competitive in marketplace and in compliance with laws and regulations
• Manages relationships with external parties, including vendors, insurance organizations and regulators.
• Being a driving force to implement new products and product enhancements, including developing systems requirements and performing detailed testing
• Works on ad-hoc requests for analysis, research, reports, presentations dealing with business needs.
• Build strong relationships with other business units and lead strategic direction for the long-term success of assigned areas.