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Manager & Pricing Actuary - Rate Maintenance

Job ID: 1006816
Date Posted: May 19, 2021
Department ID: TS0503 Actuarial - Pricing - Rates
Company: TMNA Services LLC

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Job Description

Marketing Statement

Tokio Marine North America Services (TMNAS) provides professional support services to Tokio Marine Group companies in the United States, including Tokio Marine America, First Insurance Company of Hawaii, and Philadelphia Insurance Companies. Customer service is our focus and our passion! TMNAS adds value in all that we do, providing the best professional service to our business partners, allowing them to achieve their goals. Our talented team delivers actuarial, audit, corporate communications, financial and investment, human capital services, information technology, legal, and payroll expertise to our customers.

Duties

JOB SUMMARY                                                                                                                                                   

The TMNAS Actuarial Pricing Section works with internal and external customers to handle pricing needs for sister companies with market share over $4B countrywide. The pricing services include performing Actuarial analyses and calculations, preparing exhibits for internal use as well as state filings, and participating in projects that require Actuarial support. 

 

The Manager and Pricing Actuary for Management & Professional Liability (M&PL) needs to be able to work with internal and external customers to provide the information supporting business decisions. The position requires experience with M&PL coverages, ability to work with Underwriters with respect to rate levels, the knowledge to make rate filings across all states, and the ability to work with various data sources in support of this work.

       

JOB RESPONSIBILITIES                                                                                                    

  • Gather and organize internal data into reports that support the rate maintenance needs of the client sister companies including rate indications, rate impacts, filing forms, and responses to question from insurance departments
  • Supervise actuarial analysts
  • Utilize internal and external information to develop rate plans for new coverages and support the filing of plans with insurance departments
  • Participate in programming, preparation and interpretation of Actuarial reports
  • Develop new ideas that improve the Department’s performance
  • Work within a collaborative team environment
  • Comply with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities
  • Perform special projects and other duties as may be assigned

   

Qualifications

KNOWLEDGE/SKILLS/ABILITIES (KSA's)

   Knowledge 

  • Understanding of quantitative tools, techniques, and statistical methods
  • Basic knowledge of approaches, tools, and techniques for recognizing, anticipating, and resolving actuarial operational or process problems
  • Understanding of Property & Casualty M&PL coverage structures and rating algorithms
  • Knowledge of the state filing process countrywide

 

   Skills/Abilities

  • Ability to understand alternative solutions that resolve problems in the best interest of the business
  • Demonstrated initiative to seek out work                                                                      
  • Strong drive to accomplish goals                                       
  • Superior written and verbal communication skills
  • Technology skills including data organization, spreadsheet functionality, and database programming
  • Analytical and reasoning skills with the capability to determine the root cause of problems                           
  • Strong attention to detail; ability to process Actuarial information with high levels of accuracy                      
  • Ability to work effectively as part of a team        
  • Ability to translate the business needs into usable reports for the client

                                                                                                     

QUALIFICATIONS 

  • Bachelor's degree with a concentration in actuarial science, math, finance, economics, computer science or information science & technology desirable
  • 6+ years of Property and Casualty Actuarial experience
  • 3+ years of experience pricing M&PL coverages
  • Attained ACAS designation
  • Working knowledge of Microsoft Office with strong knowledge of Microsoft Excel required
  • Working knowledge of SQL required
  • Prior supervisory experience desirable
  • Experience with standard Property and Casualty ratemaking practices required

EEO Statement

Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer.  In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status,  sexual orientation and/or any other status protected by law. 

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