The Actuarial Project Manager’s role is to coordinate, perform, review and communicate actuarial analyses required to estimate expected losses for insurance products on an individual policy level or across the entire portfolio and to project future financial results as well as manage the projects of others. This Actuarial Project Manager supports the pricing function within the Midwest Employers Casualty (MEC) Actuarial Services Department.
The Actuarial Project Manager is also responsible for taking the initiative to identify and recommend necessary enhancements and changes to existing actuarial analysis processes, analytical methods and related processes and procedures that reflect changing market and operating conditions and enable the department to contribute most effectively to the company’s success. In addition, the Actuarial Project Manager is responsible for leading projects that provide meaningful insights into the effect on MEC of changes in actuarial analysis processes and/or analytical methods.
Lead project teams to provide accurate and timely analyses and communications to MEC business partners.
Provides recommendations on Actuarial projects that are well thought out and based on data that has been verified.
Determines the project approach, staffing, responsibilities, and schedule.
Measures, monitors, and communicates progress of project(s) at clearly defined points in the process to ensure that the project(s) is delivered on time, and it meets or exceeds expectations.
Maintains focus on key objectives and manages unit work flow to accomplish completion of complex actuarial projects, removing obstacles as necessary.
Delivers several projects concurrently and adjusts to changing priorities.
Employs delegation skills to ensure all team members are making meaningful contributions and advancing in assuming responsibilities.
Directs and/or assists team to provide and interpret ongoing as well as ad-hoc requests that are pertinent to evaluating the quality of our business.
Establishes clear expectations for team members and keeps them accountable to those expectations.
Promotes optimal performance and desired behaviors for team through direct observation and immediate feedback.
Formal Education & Certification
College diploma or university degree in the field of mathematics, statistics, actuarial science or other similar quantitative field.
7 years of related work experience.
CAS or SOA membership preferred.
Knowledge & Experience
Proven experience in management and development of professional staff.
Advanced knowledge in actuarial ratemaking methodologies.
Excellent understanding of the organization’s goals and objectives.
Advanced knowledge of MEC’s insurance products, services, and terminology.
Practical knowledge with financial reporting.
Mastery of core software applications, including actuarial systems, and Microsoft Office Suite.
Proficient with insurance claims and underwriting systems.
Experience with relational databases (Access, SQL Server) is preferred.
Experience with programming languages such as VBA and R is preferred.
Intermediate and growing knowledge of predictive analytic techniques is preferred.
Demonstrated ability to effectively coach individuals and teams.
Self-motivated, autonomous performer.
Advanced analytical, mathematical, and creative problem-solving skills.
Ability to communicate ideas in both technical and user-friendly language.
Keen attention to detail.
Proven ability to prioritize and execute tasks in a high-pressure environment.
Proven ability to motivate people to work together toward a common vision.
Strong customer service orientation.
Ability to effectively coach others.
Proactive in communicating with all stakeholders at all levels of the organization.
Occasional evening and weekend work to meet deadlines.
Sitting for extended periods of time.
Dexterity of hands and fingers to operate a computer keyboard or mouse, and to handle other computer components.
Are you ready to be part a team that makes a difference in the lives of others? Midwest Employers Casualty is not your typical insurance company. We strive to be the best for our policyholders, business partners, and our employees. Our willingness to invest in better solutions to achieve better outcomes adds value to all of our workers' compensation industry stakeholders beyond compare. Please tak...e a few minutes to watch this inspiring video. This story is just one of the many ways our employees make a difference in the lives of others, while experiencing the highest level of job satisfaction every day.