November 20, 2009   Bookmark Page Tell A Friend     
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AVP & Actuary


PA - Philadelphia, PA

ACE American Insurance Company


(Click company name to view employer profile and all available positions.)

Career Field Actuarial
Insurance Discipline All
Relocation Assistance Not Available
Job Duration Full Time
Salary Offered Open


SUMMARY
Manage overall pricing strategy and rating development for international personal, specialty personal, and small
business insurance, working in collaboration with Personal & Business Insurance business unit leadership and heads of products and regions.

MAJOR DUTIES & RESPONSIBILITIES 
• Oversee analysis activities necessary for the development of pricing strategies and tactical business decisions related to product pricing
• Lead development of rating approach and models
• Develop, manage and monitor appropriate methodologies, assumptions and pricing factors used to adequately reflect risk
• Coordinate product and pricing testing and implementation, consistent with marketing , sales, underwriting, and overall corporate goals
• Analyze product, LOB and region performance, incorporating both historical observations and insight into prospective trends
• Manage research, evaluation and analysis of Personal & Business Insurance trends by region, customer segments, product mix, risk score, etc.
• Analyze and monitor legal requirements by market
• Contribute to and/or manage release process and timing for products and pricing

Additional Responsibilities:
• Contribute to the development of business plans containing forecasts of future financial performance
• Inform sales and training documentation
• Lead large sized actuarial projects through to implementation
• Inform key stakeholders to ensure financial guidelines are adopted
• Provide advice and support to senior management and colleagues
• Quantify and advise on financial risks that affect the company's ability to meet its liabilities and assist in monitoring / mitigating these risks

MINIMUM QUALIFICATIONS
4-8 years actuarial experience in property & casualty product lines.
Personal Lines Pricing experience preferred but not a must
Ideal candidate will have experience in (one or more of) South America, Europe and Asia.



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