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Generali Global Assistance Actuary in San Diego, California

Job Summary:

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 appropriate

  • Enhance and refine existing pricing models and develop new pricing models to support company?s strategic objectives regarding innovation

  • Research and apply new statistical analysis and methodologies

  • Develop new analytical techniques that are applicable to the business and share knowledge with peers and teammates

  • Research, compile and analyze historical actuarial data

  • Perform competitive analysis and assessment

  • Conduct 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 studies

  • Conduct full pricing and profitability analysis of top / VIP accounts

  • Identify and propose actions to improve profitability of products and accounts

  • Provide oversight on the pricing and analysis of Actuary I staff

Risk Management and Rate Compliance

  • Prepare rate filings/exhibits and assist in developing pricing, underwriting and fraud prevention strategies

  • Utilize actuarial tools and develop ad hoc tools as necessary to quantify risks presented by a product and account

  • Coordinate with internal staff and outside business partners to address risk and profitability concerns

  • Negotiate rate adjustments and product changes to improve profitability; prepare and present rate increase justification reports to business partners

  • When necessary, recommend and enforce cancellation of unprofitable products or business partners

  • Build and improve actuarial files, models and algorithms

  • Conduct periodic audits of underwriting files to determine if pricing models are appropriately employed

  • Assist in reinsurance terms evaluation

  • Monitor exposure and make recommendations to adjust sales distribution patterns or change product mix to reduce concentration of risk

Product Development

  • Assist with the development of new insurance products and advise underwriters in making profitable decisions regarding current and prospective business

Analysis and Reporting

  • Attend quarterly meetings with underwriters; prepare and present profitability and pricing summaries

  • Create appropriate measurements and reports including but not limited to monthly analysis of production, underwriting results, expenses, cash flow, and financial performance

  • Determine deviation from target/projections and determine potential source of material deviations in results from expectation

  • Participate in development of the annual budget

Required / Desired Knowledge, Experiences and Skills:

  • Minimum intermediate level experience using Microsoft Office Suite with an Excel emphasis

  • Experience employing and understanding standard concepts, practices, regulations, and laws within the insurance and actuarial fields preferred

  • Minimum two years actuarial work experience

  • Travel Insurance experience preferred

Education/Certifications:

  • Bachelor's degree (B.A.) in mathematics, actuarial science, economics, finance or similar degree from an accredited college or university

Physical 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

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