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Actuary ii

This is a Full-time position in San Diego, CA posted December 16, 2019.

This position is responsible for gathering and analyzing statistical data to advise the company in making wise sales and financial decisions.

The outcomes of this position help the company manage risk, determine cost structures, reduce costs and increase profits. This position is responsible for pricing top / VIP accounts independently and provides oversight on pricing & analysis of Actuary I staff. This position works with all management levels across the organization and external business partners, and is a direct report to the Director of Actuarial and Underwriting. Principal Duties and Responsibilities: Pricing and Profitability Analyze and quantify rating parameters and pricing products and provide recommendations when deviations and revisions from published standard assumptions are appropriateEnhance and refine existing pricing models and develop new pricing models to support company’s strategic objectives regarding innovationResearch and apply new statistical analysis and methodologiesDevelop new analytical techniques that are applicable to the business and share knowledge with peers and teammatesResearch, compile and analyze historical actuarial dataPerform competitive analysis and assessmentConduct due diligence, market analysis, statistical studies, production and cost forecast Support corporate and business financial planning by analyzing loss reserves, calculating/estimating IBNR & WBNR, and performing catastrophe/exposure studiesConduct full pricing and profitability analysis of top / VIP accountsIdentify and propose actions to improve profitability of products and accounts Provide oversight on the pricing and analysis of Actuary I staffRisk Management and Rate CompliancePrepare rate filings/exhibits and assist in developing pricing, underwriting and fraud prevention strategiesUtilize actuarial tools and develop ad hoc tools as necessary to quantify risks presented by a product and accountCoordinate with internal staff and outside business partners to address risk and profitability concernsNegotiate rate adjustments and product changes to improve profitability; prepare and present rate increase justification reports to business partnersWhen necessary, recommend and enforce cancellation of unprofitable products or business partnersBuild and improve actuarial files, models and algorithmsConduct periodic audits of underwriting files to determine if pricing models are appropriately employedAssist in reinsurance terms evaluationMonitor exposure and make recommendations to adjust sales distribution patterns or change product mix to reduce concentration of riskProduct DevelopmentAssist with the development of new insurance products and advise underwriters in making profitable decisions regarding current and prospective businessAnalysis and ReportingAttend quarterly meetings with underwriters; prepare and present profitability and pricing summariesCreate appropriate measurements and reports including but not limited to monthly analysis of production, underwriting results, expenses, cash flow, and financial performanceDetermine deviation from target/projections and determine potential source of material deviations in results from expectationParticipate in development of the annual budgetRequired / Desired Knowledge, Experiences and Skills: Minimum intermediate level experience using Microsoft Office Suite with an Excel emphasisExperience employing and understanding standard concepts, practices, regulations, and laws within the insurance and actuarial fields preferredMinimum two years actuarial work experienceTravel Insurance experience preferred Education/Certifications:Bachelor’s degree (B.A.) in mathematics, actuarial science, economics, finance or similar degree from an accredited college or universityPhysical Working Environment: While performing the duties of this job, the employee is required to stand; walk; sit for long periods of time; use of hands to grasp, handle, or feel; reach with hands and arms; finger dexterity; talk; hear.

The employee is occasionally required to climb or balance and stoop, kneel, crouch, or crawl.

The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.

Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus.The above statements are intended to describe the general nature of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of employees so classified. Trip Mate is an Equal Opportunity Employer M/F/Disability/Veteran