Company Overview

Affirmative Insurance Services, Inc. (AISI), a subsidiary of Affirmative Insurance Holdings, Inc. (AIHI), handles the marketing, policy administration, claim and actuarial functions for certain insurance carriers. With our two centrally located processing centers in Dallas and Chicago, AAGAI is able to provide dependable service along with a broad range of products to meet your unique personal insurance needs.

Specializing in non-standard automobile insurance, we manage personal lines insurance for our customers at a superior value. Our commitment to customer service is unwavering as we strive to attain the highest levels in the insurance industry. We will continue to listen to you, to assess your unique needs and exceed your expectations as we deliver dependable claims service. You can also count on the solid financial strength of your insurance carrier in order to give you greater confidence in the coverage chosen.

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VP of Actuarial - Pricing (FCAS)    Apply for this job now!

Job Description

MAJOR RESPONSIBILITIES:  (Position Summary)

 

This position is responsible for the development and coordination of pricing techniques to determine market rates, assisting in the analysis of company results, fixing problem areas and making necessary changes to achieve a business profit.  This includes determining expected loss costs and break-even rates, loss development, loss ratio forecasting, profitability analysis, and designing management reports.  This includes the preparation of statistical and financial analysis to assist management in the pricing of new products, review of operating results and other complex issues.  The position will coordinate the preparation of rate reviews, rate recommendations and State Insurance Department rate filings.

 

ESSENTIAL DUTIES AND RESPONSIBILITIES:  Includes the following. Other duties may be assigned.

 

  • Develop rates and rating plans
  • Produce rate level indications
  • Provide rate making information to regulators
  • Administer competitive rating software
  • Monitor profitability of insurance business and acceptability of insurance rates
  • Develop and analyze management reports on business profitability
  • Update rate history
  • Utilize in-depth background in S-Plus, SAS, and SPSS to run data mining algorithms.
  • Analyze data utilizing knowledge of SQL and Access
  • Evaluate the integrity of data and convert databases into a format suitable for data mining.
  • Timely reporting of profitability by state
  • Manage and develop Pricing staff


Job Requirements

SUPERVISORY RESPONSIBILITIES:  Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

·         Supervises 2-5 employees

 

QUALIFICATION REQUIREMENTS:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

  • Advanced computer skills in MS Access, Excel, visual basic, SAS, SQL, etc.
  • Experience in the insurance industry in Actuarial, Ratemaking, Pricing, and Product Research
  • Excellent oral and written communication skills
  • Experience with multi-variate analysis techniques, such as GLM, Minimum bias, etc.

 

EDUCATION and/or EXPERIENCE:

A Bachelors degree or equivalent experience, 10+ years of progressive experience in pricing; specifically auto insurance pricing.  Fellow of Casualty Actuarial Society required.

 

LANGUAGE SKILLS:

Ability to read, analyze and interpret general business periodicals, technical journals/procedures, and financial reports and data.  Ability to write reports, business correspondence, and procedures.  Ability to effectively present information and respond to questions from management, employees, clients, customers, and the general public.

 

MATHEMATICAL SKILLS:

Advanced mathematical skills as it relates to the position.

 

REASONING ABILITY:

Ability to define problems, collect data, establish facts, and draw valid conclusions.  Ability to interpret an extensive variety of financial, legal and technical information.

 

Strong problem and quantitative analytical skills.

 

Ability to exercise detailed statistical analysis.

 

OTHER KNOWLEDGE, SKILLS and ABILITIES:

High energy level, comfortable performing multifaceted projects in conjunction with day-to-day activities.

 

Demonstrated strong interpersonal skills.  Ability to get along with diverse personalities, tactful, flexible. 

 

Ability to establish credibility with subordinates and superiors and be decisive, while being able to recognize and support the Company's preferences and priorities.

 

Demonstrated strong orientation to the team concept of management and operations.

 

Ability to work independently but the experience to identify the need to partner at critical junctures in any business decision making activity.

 

Ability to prioritize activities and projects.  Skilled at time management and attention to administrative detail. Refined sense of urgency.

 

Capable of executing against ambitious and critical ‘speed to market’ models.

 

Familiar with the use and application of project management processes and software.

 

PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

 

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

     Apply for this job now!


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