Loading...
 
Share this Job

Regulatory Filing Actuary

Job Level:  Professional
Location: 

Remote, IL, US, 60606 Chicago, IL, US, 60606

Due Date:  As soon as possible
Area of Expertise:  Actuarial
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Home office
Employment Type:  Permanent
ID:  617

Job Purpose/Role
Using actuarial experience, knowledge of external market forces, and awareness of industry trends, assist
management with developing business strategies and with solving complex business problems. Responsible for
consulting with line of business experts to develop rates, rules, rating plans, actuarial support, and regulatory filing
strategies for new and existing commercial products. Complete required actuarial memoranda and exhibits for
insurance department rate filings. Respond to insurance department inquiries and objections to achieve successful
outcomes. Assist with the preparation of regulatory data call submissions.


Key Responsibilities

  • Keep abreast of leading market practice and drive innovation.
  • Promote close collaboration and interaction with the various business areas (Group, UW, MM, CFO, etc.) to foster mutual understanding of how business developments impact actuarial drivers in the financials.
  • Manage and drive forward own area of responsibility or project.
  • Develop global actuarial pricing approaches and processes, as well as enhance actuarial models and analyses.
  • Prepare and perform Actuarial pricing analysis for assigned business area including documentation, communication and explanation of results.
  • Peer review work from other team members, as well as mentor and provide guidance to junior team members.

 

Key Requirements/Skills/Experience

  • Bachelor’s Degree (ideally Master’s) preferably in Mathematics, Statistics or other appropriate discipline or qualified by experience in related discipline;
  • Accredited member of the Casualty Actuarial Society in good standing or are in progress toward accreditation;
  • 3 years of actuarial pricing experience in the US (standard commercial lines experience preferred but not required);
  • Successful record of accomplishment with commercial lines rate filings in states with complex actuarial and regulatory requirements;
  • Significant experience with relational database query tools and techniques;
  • Excellent oral and written communication skills;
  • Ability to build and maintain strong working relationships with company and Department of Insurance staff;
  • Excellent project management skills, including ability to maintain progress on multiple projects;
  • Extensive computer skills (e.g., MS Office including VBA and relevant expert systems such as Matlab, R, SQL, Java, etc.);
  • Job specific knowledge with regards to market dynamics, standard concepts and approaches, regulations/compliance standards, reporting requirements (e.g., reinsurance and underwriting knowledge, actuarial pricing techniques, data flows, etc.);
  • Finance and Insurance know-how (ideally P&C), as well as understanding of complexities inherent in an insurance group (e.g., consolidation processes, legal vs management view) allowing for cross-departmental thinking and acting;
  • Quantitative financial and risk modeling know-how and skills;
  • Ability to identify patterns and root causes in complex (e.g., ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations;
  • Ability to understand, elaborate and convey information clearly and effectively in respect to the audience/level of management (both verbal and in writing);
  • The ability to positively influence others actions, decisions, opinions or thinking resulting in positive outcomes;
  • Ability to persuade and motivate others without direct authority;
  • Ability to identify and initiate appropriate actions to remediate issues that can be abstract/ambiguous and follow through on their remediation; and
  • Ability to anticipate and resolve issues before they transpire.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

 

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

 

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

 

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.


Nearest Major Market: Chicago