Manager, Pricing Salary $106,000-$165,000, depending on experience What we are looking for This is a supervisory position on the Pricing team. This person supports pricing of personal lines insurance using accepted actuarial standards, methods, and knowledge gained through an educational/examination process. Incumbent works independently with minimal manager intervention to develop appropriate pricing, planning and product strategies of moderate complexity to support business goals. Incumbent typically has more than five years of pricing and/or insurance analytics experience. ESSENTIAL FUNCTIONS- Assists in guiding the development of unit employees. Directs technical instruction relative to rate structure analysis (AFI and competitors), form and filing completion, applicable query software, research techniques, and statistical reporting and documentation requirements
- With manager assistance, forecasts by state and line of business the expected rate need and develops an anticipated rate review schedule
- Develops communication materials (internally and externally) to support process, product, rating, or rating plan changes
- Assumes responsibility for the implementation of the AFI competitive monitoring requirements, reporting format and content
- Researches, develops, and implements new rating structures and additional rating variables
- Provides guidance relative to AFI pricing strategies, internal policies and methods
- Develops and maintains effective working relationships within the unit and with other AFI departments. Coordinates efforts with other units to support accomplishment of organizational goals and objectives
Qualifications EDUCATION - Bachelors Degree required – preferably in a relevant discipline such as Mathematics, Statistics, Actuarial Science, Economics or other directly relevant discipline
EXPERIENCE - Two years of satisfactory job performance as a Sr. Actuarial Analyst I/II (or equivalent) with AFI, or five total years of actuarial pricing experience – preferably personal lines
- Additional CAS examinations are a substitute for actuarial experience
- Advanced Pay Ranges
- 14: One year of satisfactory job performance as an ACAS (or equivalent) with AFI, or six total years of actuarial pricing experience – preferably personal lines
- 15: Two years of satisfactory job performance as an ACAS (or equivalent) with AFI, or seven total years of actuarial pricing experience – preferably personal lines
- 16: Three years of satisfactory job performance as an ACAS (or equivalent) with AFI, or eight total years of actuarial pricing experience – preferably personal lines
Nice to Have Qualifications - Excellent verbal communications skills, to include the ability to conduct efficient unit meetings and/or training sessions
- Excellent written communications skills, to include the ability to the ability to produce well-documented recommendations for management, policy and procedure statements, and correspondence with external professional contacts (regulators, other insurance company staff, etc.)
- Working knowledge of MS Outlook, Word, and Project
- Detailed knowledge of MS Excel and Access
- Detailed knowledge of advanced statistical tools, such as R or Python
- Ability to utilize AFI’s computer systems and complex query tools for data access, manipulation, and segmentation
MATHEMATICAL SKILLS - Ability to perform complex mathematical functions which may include statistical and regression analysis, modeling, and variance analysis
REASONING ABILITY - Ability to gather and analyze relevant facts and information needed to determine appropriate actions or recommendations to management
- Demonstrates excellent negotiation skills
- Demonstrates sound judgement and decision-making skills
- Ability to prioritize and delegate unit tasks with only general guidance
What professional education requirements do I need to obtain - Preferably pursuing fellowship actuarial designation (FCAS) and has attained Associate in the Casualty Actuarial Society (ACAS) membership
- Advanced Pay Ranges
o14: Completed one fellowship exam (either 7, 8 or 9) or 3 or more years’ experience as a credentialed actuary or similar o15: Completed two fellowship exams (any two of 7, 8 or 9) or 6 or more years’ experience as a credentialed actuary or similar o16: Attainment of Fellow in the Casualty Actuarial Society (FCAS) Benefits - Full benefits package including health, dental, vision, life & disability insurance including an employee assistance program (EAP)
- 401(k) including employer match & safe harbor contributions
- Generous paid time off policy, medical leave, volunteer time off and 9 paid holidays
- We support employee training and professional development opportunities with a tuition reimbursement program and continuing education and re-certification opportunities
- Volunteering and community engagement opportunities
Who are we and what we’re about
Since 1887, Armed Forces Insurance (AFI) has existed with a single, unwavering purpose: To protect the people who protect our nation. For more than 130 years, we’ve provided home insurance, renter insurance and auto insurance and much more to our members. We proudly serve active, retired and former military personnel, their families and civilian Department of Defense employees.
AFI is a family friendly organization offering competitive compensation, an outstanding work environment and great benefits. AFI is headquartered in Leavenworth, Kansas approximately 20 minutes from the Legends.
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