Description
Tower Hill Insurance Group has an exciting opportunity for a talented
Actuarial Associate
who enjoys intellectual challenges and is seeking a rewarding career with a company that is experiencing growth. Not only is Tower Hill Insurance one of Florida's most trusted names in homeowners insurance, but it offers great opportunities for career advancement and personal growth, along with very competitive benefits and rewards. We are growing at a consistent pace and seek professional individuals with drive, team mentality, who want to make an impact, and are committed to a long-term career in the insurance industry.
The Actuarial Associate is responsible for evaluating product performance, developing pricing recommendations, and leading actuarial analyses for new and existing insurance products. This position applies advanced actuarial knowledge and professional standards to support strategic decision-making, regulatory and reinsurance reporting, product enhancements, and profitable growth initiatives.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Lead actuarial analyses and develop recommendations to support rate revisions, rate certifications, and other pricing initiatives.
Evaluate product, producer, and portfolio performance and provide recommendations to support profitability, growth, and operational objectives.
Coordinate with Product on the filing of product forms, manuals, rules, and guidelines with insurance departments and other regulatory bodies.
Coordinate with Systems to support the accurate and timely implementation of product and rating changes.
Partner with Underwriting, Product, Marketing, Compliance, Reinsurance/Risk, Claims, and other business areas to evaluate product performance and support pricing and profitability initiatives.
Evaluate product performance, competitive positioning, and market trends to identify opportunities for product enhancements and pricing improvements.
Conduct multivariate analyses to evaluate existing rating variables and support the development of new pricing factors and strategies.
Use simulation or statistical models to address problems or identify profit opportunities.
Prepare materials for regulators, reinsurers, and other outside parties, such as AM Best, S&P, etc.
Direct and complete work in compliance with laws, regulations, and generally accepted actuarial practices.
Prepare and present findings, recommendations, and project updates to technical and non-technical audiences.
Lead assigned actuarial projects and provide technical guidance to Actuarial Analysts, Specialists, and other professionals to support successful project outcomes.
ADDITIONAL DUTIES
This job description reflects the general duties considered necessary to describe the essential functions of the job and should not be considered a complete description of all the work requirements and expectations of the position. Tower Hill reserves the right to assign duties not listed herein as necessary to accomplish the goals of the organization.
Requirements
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION
Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Physics, Economics or related technical field with demonstrated rigorous mathematical course work required.
EXPERIENCE
Minimum of five (5) to seven (7) years of relevant work experience required, including a strong analytical background, in-depth knowledge of property and casualty insurance, and experience with Excel, SQL, Access, and Word.
Previous experience with R, Python, or SAS preferred.
CERTIFICATIONS
Associate of the Casualty Actuarial Society (ACAS) designation required.
LICENSES
N/A
* Tower Hill currently operates in a hybrid work environment and may consider candidates located outside of our established office locations. We are presently open to hiring in the following states
CT, FL, GA, IA, IN, KY, MI, MS, NC, OH, SC, TN, TX, VA, WV.
Preferred work arrangement hybrid on-site, but remote candidates will be considered based on qualifications and experience.
BENEFITS
Medical
Dental
Vision
Life & Disability Insurance
401(k)
Health Savings Account
Accident, Critical Illness and Hospital Indemnity
Pet insurance
Paid time off & Holiday pay
We offer
competitive pay and benefits, and well-being programs
to support you and your family. For more information about our company, careers and Total Compensation visit:
Total Compensation - Tower Hill Insurance (thig.com)
Tower Hill Insurance is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
Tower Hill Insurance is committed to working with and providing reasonable accommodation for individuals with disabilities. If you need reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.
All applicants will receive an acknowledgement that their application has been received. Candidates will not receive status updates regarding their application; however, those candidates selected for further consideration will be contacted by Human Resources.