Manager of Corporate Actuary
Progressive Insurance  •  Mayfield Village, Ohio  •  Posted: 10/2/2016


Manager of Corporate Actuary

Job Number: 140180

Join a collaborative team of dedicated individuals - and love what you do.

Our people make Progressive a successful organization, continuously revolutionizing the insurance industry with innovative services and use of technology. At Progressive, you will have extensive career path opportunities and the chance to work in a diverse, dynamic atmosphere. Come join a team of enthusiastic people who change the insurance industry one big idea at a time.

Manager of Corporate Actuary

As our Manager of Corporate Actuary, reporting to Progressive's Chief Actuary, you will assist in setting the direction of the Loss Reserving area and will be responsible for its daily operations. In this role you will manage a staff of Actuarial and Loss Reserve Analysts including employment decisions, performance management, compensation and reward planning, employee development and department budget, while maintaining controls of loss and loss adjustment expense (LAE) reserves.

Essential Responsibilities Include:

  • Manages Analysts so they complete reserve reviews in a timely and accurate manner (including accurately downloading/uploading data, making reasonable adjustments and recommendations, documenting reviews and applying loss reserving concepts while efficiently utilizing Progressive's resources/tools)

  • Mentors Analysts as they complete projects by helping them prioritize, and offering guidance and suggestions as needed

  • Coordinates the reserve review process by scheduling reviews, ensuring that changes are accurately implemented and reported, communicating reserve changes and analysis with business and claims units, reconciling, reporting and monitoring aggregate impacts, trends and reserve adequacy

  • Works with outside auditors as needed

  • Manages projects including working with various areas such as IT, Tax, Risk Management, Claims, Financial Reporting, Marketing, Pricing, etc.

  • Uses actuarial expertise to solve new and unique problems

  • Leads initiatives to improve or develop model, processes and methodology

  • Helps set Loss Reserving area policies and procedures

  • Serves as a resource and provides actuarial expertise for Analysts and Product Management

Knowledge, Skills and Experience:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics or Finance

  • Associateship (ACAS) or Fellow (FCAS) designation

  • 7+ years of actuarial experience, plus some data science preferred

  • Strong mathematical, analytical and organizational skills with detail orientation

  • Intermediate grasp of technical skills (e.g. personal computing, mainframe, etc.)

  • Excellent written and verbal communication skills

  • Ability to learn quickly and apply advanced problem solving skills

  • Ability to define problems and draw valid conclusions

  • Ability to recommend and implement effective policies and procedures

  • Proven ability leading a team of analysts

  • Ability to work well in a team environment with individuals at all levels of the organization

Benefits & Perks:

As the fourth largest auto insurance company, Progressive offers the confidence and stability that comes with working for a growing, always evolving organization. As an employee, you will enjoy an inclusive environment that embraces strategic thinking, drive and passion. You'll also benefit from:

  • Gainshare bonus of up to 40% of salary (paid to all employees based on the company's achievement of annual performance objectives)

  • Ongoing training and opportunities for career advancement

  • Diverse, welcoming culture with Employee Resource Groups

  • Casual dress

  • Wellness program with discounts & rewards, and onsite gym

  • Onsite healthcare and the standard benefits (medical, dental, vision, 401k)

Apply now to find a job you'll love!

Equal Opportunity Employer

Job: Actuarial

Primary Location: United States-Ohio-Mayfield Village

Schedule: Full-time

Employee Status: Regular

Job Title:
Manager of Corporate Actuary
Not Specified
Job Type:
Mayfield Village, Ohio