[Hiring] Director of Actuarial Services @Preferred Mutual Insurance Company

Role Description

The Director of Actuarial Services position is a broad-based P&C actuarial position responsible for the application of actuarial principles in various areas:

• Pricing
• Reserving
• Predictive modeling
• Strategic planning
• Reinsurance
• Financial planning

This leadership role will utilize actuarial skills to help the organization succeed in meeting its strategic plan and financial goals. Key functions include:

• Leading a team of Actuaries to execute complex and strategic projects.
• Managing the activities of the Actuarial unit for accuracy, efficiency, and timeliness.
• Engaging senior leadership to influence business decisions.
• Developing and ensuring appropriateness of actuarial/statistical analyses.
• Leading pricing/reserving/modeling strategies.
• Overseeing development of actuarial rate indications.
• Supporting internal quarterly loss reserve review processes.
• Enhancing pricing sophistication at PMIC.
• Providing hands-on actuarial work for complex projects.
• Supporting the annual financial planning process.
• Assisting during the annual review of reinsurance treaties.
• Seeking new opportunities for actuarial support across the organization.
• Ensuring effective rate review processes.
• Presenting technical results to non-technical audiences.
• Helping the Actuarial unit draw accurate conclusions from data.
• Aligning the Actuarial unit's work with company strategic objectives.
• Developing and motivating team members.
• Building a reputation for the Actuarial unit as a source of complex analysis.
• Willingness to travel to home office and visit key agency partners.
• Additional tasks as identified.

Qualifications

• FCAS designation from the Casualty Actuarial Society.
• A minimum of 10 years of actuarial experience in pricing and predictive modeling.
• A minimum of 5 years as a strategic leader and manager in a property and casualty environment.
• Experience in loss reserving is preferred.
• Strong knowledge of personal lines and/or commercial lines property and casualty products.
• High degree of executive presence and business acumen.
• Superior analytical, research, and problem-solving skills.
• Ability to work with smaller volumes of data and interpret results.
• Detail-oriented mindset with a willingness to investigate root causes.
• Demonstrated initiative and commitment to process improvements.
• Bachelor’s degree in Actuarial Science, Mathematics, or related field.

Benefits

• Short-term disability, long-term disability, and life insurance coverage at no cost.
• Optional enhanced life insurance and critical illness plans.
• 401k plan with employer contribution.
• Cash-balance pension plan.
• Student Loan Repayment Assistance.
• Short-term incentive plan for all employees.
• Generous paid time off: 25 days at hire (prorated for the first year).
• 7 days of paid sick leave.
• 10 paid company holidays.
• Personalized paid time off after 3 years.
• Access to 26 sessions with a BetterHelp therapist each year.
• Access to Family First for caregiving solutions.
• Medical, dental, and vision coverage options begin on the first day of employment.
• Health Savings Accounts with employer contributions.

Company Description

As a mutual company, we are independent by nature, providing flexible insurance solutions through collaboration and problem-solving. We offer:

• A great work environment.
• Professional development.
• Challenging careers.
• Competitive compensation.

Preferred Mutual is an Equal Opportunity Employer.