Selective Insurance Company of America

  • Actuarial Applications Manager

    Location US-NJ-Branchville
    Experience (Years)
    7
    Category
    Actuarial
    Status
    Full-Time Regular
    FLSA Status
    Exempt/Salaried
    Job ID
    6220
    Travel %
    0-5%
    Auto Reimbursement
    No
  • Overview

    Responsible for delivering a variety of unique and complex data and systems solutions for all units within the Actuarial department. Manages complex processes and support staff in successfully meeting these objectives. Creates well documented data applications in a strong control environment, including designated backup personnel for key applications. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

    Responsibilities

    • Prepare data and templates for quarterly loss and LAE reserve analyses. Ensure balancing of data to source system and reconcile to financials. Implement agreed upon changes to templates. Maintain proper controls and documentation.
    • Support production and automation of designated external and internal financial and management reports. These include but are not limited to statutory schedules (P) and the “AY Report”. May also include regulatory reports and bureau data calls.
    • Support ceded reinsurance placement by providing information and data for broker submissions. Respond to ad hoc requests from brokers with guidance from the responsible actuary.
    • Support commercial and personal lines pricing by providing routine scheduled pricing review data, for both state and countrywide reviews. Maintain programming code and associated documentation.
    • Support all areas of the Actuarial department by providing ad hoc data as requested and agreed upon. This includes discussing needs, identifying potential solutions, preparing informal project plans, testing, and managing the process through to the final deliverables. The level of project planning and management should be commensurate with the scope, effort and impact of the individual request.
    • Identify potential improvements and efficiencies within current processes. Improve data and systems landscape through increased automation, including programming of advanced and highly complex algorithms in a sustainable environment. Properly document associated programming code.
    • Support corporate IT objectives where technical business resources are required. This may include project scoping and budgeting, development, testing, and/or documentation. Manage business resources effectively.
    • Provide training and knowledge sharing opportunities to staff and other areas. Keep abreast of new computer software and IT tools, identifying possible applications within our organization.

    Qualifications

    • Train and develop systems staff with emphasis on data analysis and actuarial data needs. Extensive knowledge of Selective data systems is preferred. Manage a staff of programmers/application developers in order to enhance their skills, efficiency and overall effectiveness
    • College degree preferred
    • 7+ years experience in the Property/Casualty insurance industry
    • 5+ years of information delivery experience
    • 5+ years working with actuarial data needs preferred
    • While CAS exams are not required, a strong knowledge of actuarial concepts and processes is strongly preferred

     

    Selective is an Equal Employment Opportunity employer. Selective maintains a drug-free workplace.

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