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Actuary Principal Casualty

Company: ATRIA Consulting, LLC
Location: New York
Posted on: May 16, 2022

Job Description:

The Principal Actuary Casualty will report to the Supervising Actuary or other high-level actuarial staff and will be responsible for performing the following duties which may include but will not be limited to:

  • Overseeing production of actuarial and accounting exhibits supporting roughly 50 of the approximately 100 Safety Groups administered and underwritten by the company.
  • Manage a team of actuarial staff supporting a defined number of safety groups, clarify job responsibilities and performance expectations, establish goals and job competencies, identify skill gaps, create development plans, coach and mentor on a continuous basis and provide performance evaluations.
  • Design, implement, and oversee a continuous process of monitoring pricing, reserve and contingent balance levels for designated safety groups.
  • Work with underwriting and senior management to develop sound models and standards for the declaration of dividends to individual safety groups.
  • Incorporate the effects of the latest industry loss cost filings into pricing, reserve, dividend and contingent balance projects for individual safety groups;
  • Assist in the evaluation of pricing levels, administrative charges and excess insurance charges for designated safety groups;
  • Advise and assist business partners with actuarial and mathematical techniques and complete analytical assignment to support business decision making;
  • Perform all work in accordance with Actuarial Standards of Practice as promulgated by the Actuarial Standards Board;
  • Remain current with respect to new approaches and methods utilized in ratemaking and reserving;
  • Provide support to external safety groups and their respective managers to assist in the management of each group. Job Requirements:Basic Qualifications
  • Reachable on current Civil Service list for this title; one year of permanent, competitive class service as a Principal Actuary Casualty; or, one year of permanent, competitive class service in a title eligible for transfer under Section 52.6 of the Civil Service Law.
  • A bachelor's degree or higher
  • Successful completion of four examinations of the Casualty Actuarial Society
  • Four years of actuarial experience in one or more of the following activities: actuarial or statistical work for operating units or management; governmental regulatory actuarial functions; OR performing actuarial computations for reserves, premium rates, and/or policy forms.
  • As this title is filled by Continuous Recruitment examination, candidates who meet the requirements listed above must complete a NYS-application form to apply for list eligibility. Please visit the Department of Civil Service website here for more information on how to apply.
  • Preferred qualifications include being at least an Associate of the Casualty Actuarial Society (ACAS) and/or a member of the American Academy of Actuaries (MAAA). This is a full-time direct hire opportunity offering a competitive salary and comprehensive benefits.

Keywords: ATRIA Consulting, LLC, New York , Actuary Principal Casualty, Accounting, Auditing , New York, New York

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