Job Description
AIPSO is a management organization and service provider for various insurance industry groups responsible for administering the residual market. We are a national organization that serves local customer needs. Centralization and standardization are key to many AIPSO services because of the inherent economies of scale and other efficiencies. However, our organization is based on customer focus and recognizes the need for flexibility in serving customer groups with diverse interests.
Essential Duties & Responsibilities:
Lead rate analyses for FAIR Plans and residual market mechanisms, including development of pricing models, trend analyses, and reserve reviews.
Interpret and apply state-specific regulatory requirements to develop compliant and actuarially sound rate recommendations.
Present findings to regulators, plan managers, and internal stakeholders; provide expert testimony when necessary.
Advise senior management on actuarial methods, assumptions, and strategic pricing implications.
Design and implement modeling frameworks for pricing, reserving, and trend analysis across property lines.
Leverage analytical tools and software to perform modeling and predictive analytics.
Incorporate catastrophe model results (e.g. RMS, AIR) into pricing and exposure analysis.
Prepare rate filings, supporting documentation, and justifications for submission through systems like SERFF.
Collaborate with regulators and external consultants to address objections and ensure successful outcomes.
Develop methodologies, assumptions, qualifications, and computer programs for complex actuarial analysis.
Use trend, development, credibility and present value concepts analysis.
Interpret new data calls and regulatory requirements into business operations and systems.
Perform experience studies and other research and statistical analyses.
Education:
Bachelor's degree (BA/BS) from four-year college or university majoring in math, statistics or related field preferred. Attainment of Fellow of the Casualty Actuarial Society (FCAS).
Experience:
8 or more years experience in casualty actuarial (including property ratemaking and reserving) required. Experience with catastrophe models (e.g. RMS, AIR) and interpreting modeled loss outputs. Familiarity with formalized project management methodology is preferred.
Skills & Knowledge:
Advanced proficiency in Excel and statistical software.
Proficient in the use of Microsoft Office productivity tools (e.g. Outlook, Word, Excel) to manage work. Strong spreadsheet and technical skills to use databases and pivot tables.
Effective problem-solving skills, including ability to analyze complex issues, find the root cause of the problem and consider a wide range of alternatives before acting.
Demonstrate strong verbal and written communication skills, including ability to effectively present information and respond to questions from groups or individuals.
Ability to multi-task and demonstrate flexibility while maintaining attention to detail.
Demonstrate excellent organizational skills.
Mathematical skill and reasoning ability to validate data, ensuring accuracy presented in reports and exhibits.
Member of the American Academy of Actuaries (MAAA) and Casualty Actuarial Society (CAS); ability to maintain certification continuing education requirements.
Ability to work independently and interact professionally and effectively in a team environment.
Salary Range: :$152,900 - $244,300 Annual:. Actual salary for this position will be determined by a number of factors, including the scope, complexity, and location of the role as well as the cost of labor in the market; the skills, education, training, credentials, and experience of the candidate; internal equity and other conditions of employment.
AIPSO is an equal opportunity employer. To this end, all employment related decisions are made on a non-discriminatory basis and in full compliance with federal, state, and local laws prohibiting discrimination in employment.
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Job Tags
Work at office, Local area,