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Mgr - Actuarial Research

Company: Citizens Property Insurance Corporation
Location: Jacksonville
Posted on: August 6, 2022

Job Description:

Description





Searching for a place to make your mark? Every great team depends on the individual contributions of its members - the skills, talents and the passion that each team member brings.

At Citizens, we're building a workforce of top achievers committed to our company's mission and vision. Our company values the knowledge that comes from experienced and dedicated individuals with a variety of backgrounds, in or out of insurance.



Citizens' Mission is to provide property insurance protection in Florida to those who are, in good faith, unable to obtain coverage through the private market while also providing the utmost in customer service. Our Values are public service, integrity, respect, responsiveness and sound judgment. We strive to not only provide affordable insurance products and services but also to provide sound financial responsibility to the citizens of Florida.

We are a team of dedicated, service-minded professionals committed to our policyholders. Come achieve and maximize your potential with us!





JOB SUMMARY:

The purpose of this position is to lead the development and implementation of new processes of evaluating Citizens' rating plan and overall rate level and evaluate Citizens' book of business and refine methods of determining rate redundancies and inadequacies in Citizen's book of business.



ESSENTIAL FUNCTIONS:

Models ethical behavior and executes job responsibilities in accordance with Citizens core values, ethics, and information protection policies.

Responsible for managing staff, including hiring, goal setting, planning and delegation of work, training and development, coaching/mentoring and completing performance evaluations.

Evaluate and recommend improvements in the current rate indication process and loss reserving processes, and to continuously evaluate and improve actuarial techniques applied by Citizens.

Apply stochastic modeling to reinsurance decisions, probability of assessments, and other dynamic financial situations. Apply predictive modeling techniques such as GLMS, neural nets, and decision trees to historical data.

Oversee all research and preparation of rate filings for the Office of Insurance Regulation in compliance with filing requirements, and certifying that filings are appropriate and consistent with Florida statutes and rules. Also conduct research and compose white papers on various complex actuarial matters.

Provide technical support as it relates to reserve levels, purchase of reinsurance and other senior management level decisions.
Qualifications KNOWLEDGE, SKILLS, AND ABILITIES:

Solid knowledge of catastrophe models

Working knowledge of claims procedures

Knowledge of basic insurance operations

Knowledge of fitting models to insurance data

Thorough knowledge of reserve concepts

Thorough knowledge of ratemaking concepts

Working knowledge of accounting procedures

Highly proficient in advanced statistical modeling, quantitative skills and problem-solving skills, data mining, database, and programming skills

Ability to design, develop reports and information in such a way as to be meaningful to the recipient of the information

Strong written and verbal communication

Ability to apply insurance knowledge and problem-solving skills independently and creatively to insurance specific issues

Ability to communicate complex and technical topics to non-technical professionals

Advanced proficiency of all Microsoft Office Products to include Word, Access, Excel, PowerPoint, Outlook

Ability to prioritize, multi-task in a demanding work environment

Ability to lead, engage, network and influence at all levels including the team level

Advanced analytical and math skills

Ability to develop and maintain strong working relationships, navigate the organization, and leverage relations to achieve results.



REQUIRED EDUCATION AND EXPERIENCE:


  • 5 + years of actuarial or related experience AND experience in the Florida property market
  • 2 of the 5 years supervisory experience in managing teams



    • High School Diploma or equivalent.
    • Master's degree in actuarial science, mathematics, statistics, or related subject
    • Associate of the CAS (Casualty Actuarial Society)




      PREFERRED:


      • CAS designation of FCAS
      • PhD with emphasis on data modeling
      • Understanding of the property casualty insurance ratemaking and reserve principles
      • Experience dealing with regulatory bodies as it relates to property rate issues
      • Substantial actuarial experience in property insurance industry with a focus on statistical analysis




        PHYSICAL REQUIREMENTS:

        This position requires the ability to sit for long periods of time, hear and converse over the telephone and key frequently on a computer (4 or more hours per day).

        We offer unlimited career potential, excellent training and development opportunities, and a structured Career Development program to explore future roles of interest while growing and developing in your existing role.



        Citizens offers a competitive compensation and benefits package that includes comprehensive medical/dental, Retirement Savings Plan, Vacation and Sick Time, EAP, Tuition Reimbursement, Community Service and much more!


        • Retirement savings plan with a generous company match
        • Medical, dental and vision coverage
        • Company Paid employee basic life insurance and short-term disability
        • Generous paid time off: vacation, sick and holiday leave
        • Employee Assistance and Wellness Programs
        • Tuition reimbursement
        • Professional and leadership development opportunities
        • Flexible work schedule and Alternative Work Arrangements
        • Company Paid Parking
        • Employee recognition programs
        • Relocation assistance (where applicable)
        • Community and volunteering opportunities
        • Casual dress


          Citizens is Proud to Be an Equal Opportunity Employer

          Visa Sponsorship is not available for this position.
          Primary Location: US-FL-TallahasseeOther Locations: US-FL-JacksonvilleWork Locations: Tallahassee 2101 Maryland Circle Tallahassee 32303Job: FI - ActuarialOrganization: CPIC BUJob Posting: Jul 28, 2022, 7:07:36 PM

Keywords: Citizens Property Insurance Corporation, Jacksonville , Mgr - Actuarial Research, Other , Jacksonville, Florida

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