Massachusetts Jobs

Director, Actuarial

Date: Jun 24, 2024

Location:

Webster, MA, US

Company: MAPFRE

Job Summary

The Director, Actuarial is accountable for spearheading and overseeing Pricing Indications. Responsible forapplying and ensuring appropriateness of methods, underlying models, assumptions, actuarial judgment, alignment with Corporate Guidelines and in accordance with CAS (Casualty Actuarial Society) principles.

Must be able to interact with Sr. Leadership at all levels and provide updates. Strong leadership skills, innovation, forward thinking, and communication skills expected. In addition, responsible for managing and developing a team of 3+ actuaries.

As team members will require knowledge and skills to carry out the analyses, the Director, will provide training and/or other sources of knowledge (internal or external) as necessary. To the extent that team members have a desire to advance toward CAS credentials or a management position, the Director should provide support and/or training as needed.

Knowledge, Skills and Abilities

• Bachelor's Degree or professional level of knowledge in specialized field or equivalent related experience.

• 10–12 years of experience with increasing responsibility in related roles

• Thorough knowledge of Microsoft Office, either SAS or SQL Thorough knowledge of insurance operations, accounting, and regulations

• Thorough knowledge of rate level indication process

• Extensive experience carrying out complicated quantitative analyses for insurance companies or similar organizations; preferably with products similar to MAPFRE’s

• Extensive experience with managing new and existing data sources, as well as building complex processes off of them from scratch

• Thorough knowledge of applicable industry practices, standards, and concepts

• Thorough knowledge of reinsurance and its implications on the area of focus, capital management and risk management

• Ability to use these skills to modify existing processes or innovate new processes

Preferred

· FCAS or ACAS Credential

· 4+years of experience managing a team of actuarial employees

Soft Skills

· Aligns department goals with strategic goals of MAPFRE

· Works effectively as a team leader within the actuarial area and as an integral member (or leader, where applicable) of cross-functional teams

· Makes decisions related to a wide variety of situations, while also defining the decision authority given to team members

· Interprets guidelines and procedures, applying judgment and discretion

· Proactive in recognizing existing or emerging problems with analysis processes and using project management skills to remediate the issues

· Ability to evaluate the department’s performance (and one’s own) with an open mind in the face of organizational changes

· Effectively utilizes cost/benefit analysis to determine if changes are appropriate

· Provide training and guidance to less experienced staff, as well as lead them in team projects

· Manages internal and external relationships

· Manages process changes with internal and external stakeholders

· Ability to communicate and negotiate with senior management and external personnel

· Takes an active interest in career development of employee

If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com .

We are proud to be an equal opportunity employer.

Nearest Major Market: Worcester

Job Segment: Accounting, Recruiting, Strategic Planning, Actuarial, Risk Management, Finance, Human Resources, Strategy, Insurance

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