Pricing Actuary Leader(VicUS#)

Marsh & McLennan Companies, Inc.
Bethesda, MD
Nov 25, 2021
Nov 27, 2021
Full Time
We are currently seeking a dynamic Pricing Actuary to lead our commercial actuarial team focused on Professional Liability, Management Liability and Specialty Property & Casualty (general liability, auto, workers compensation). Victor US is one of the largest and most experienced underwriting managers of specialty insurance programs in the world. Victor US markets its solutions through a large distribution network of licensed insurance agents and brokers. This position will report to the Chief Underwriting Officer. What can you expect? The Victor US portfolio is in excess of $550m and based on unique industry segments and lines of business. In addition to the existing portfolio, the leader will be responsible to support the analysis and acquisition of new products and programs. This role is ideal for an individual that is driven by a thirst to learn and develop creative approaches to enable superior risk selection and long term profit. You will actively engage with our program management team and carrier partners to guide our profitability and expand our business. The individual will be responsible for managing two actuaries as well as directing a team within the Victor Global off-shore unit. This role is ideal for a strong people leader that will actively engage with our program management team and carrier partners to guide our profitability and expand the business. What's in it for you? A company with a strong brand and strong results to match. Culture of internal mobility, collaboration and valued partnership throughout business. Employee resource groups that provide access to leaders, relevant volunteer and mentoring opportunities and interactions with counterparts in industry groups and client organizations. Social impact volunteering opportunities available for all colleagues through a network of colleague and business partnerships. Competitive pay (salary and bonus potential), full benefits package - starting day one (medical, dental, vision, life insurance, generous 401k match AND contribution). We will count on you to: Lead actuarial support of Victors Commercial Lines Portfolio including Property, Casualty & Specialty lines. Direct and manage an actuarial team which will include a remote resources Collaborate with program management and partner carriers to develop pricing and strategies to insure long term growth and profit of our portfolio Coordinate with IT and ops on budget, requirements, and project prioritization Development of rate filings including preparing analyses, evaluating loss cost changes, providing pricing recommendations. Collaborate with partner carriers to insure timely and accurate response to insurance department objections Develop and institutionalize pricing standards, best practices, and guidelines Monitor rate, exposure, retention, new and lost business opportunities Leverage corporate underwriting data to support underwriting reviews and quarterly stewardship meeting. Support the development of new products including analysis, pricing and on-boarding What you need to have: Extensive experience in pricing role with 7-10 years of relevant experience FCAS designation or equivalent required Excellent interpersonal, communication, presentation and team leadership skills Proficiency with the Microsoft Office Suite of applications & SQL Ability to manage multiple projects, proven organizational and timekeeping skills and a strong sense of attention to detail are essential Bachelor's degree or equivalent required What makes you stand out? Extensive knowledge of the insurance market including Property, Casualty and Specialty lines including E&O and Management Liability. Self-starter with a sense of urgency. Resourcefulness with the ability to bring solutions and ideas to the organization. Effectively engage clients, brokers, carrier partners and colleagues in support of our corporate objectives.(meetings, presentations and audits) Demonstrate entrepreneurial skills and willingness to assist in marketing and business development Experience with Designing, implementing and validating pricing models based on proprietary data across unique programs If you are interested in submitting you application for this opportunity, click apply and follow the steps outlined on each page. Over the course of the application, you will be asked upload a resume, provide some additional information about your work experience and answer some optional demographic questions. If you are a good fit for one of our opportunities, someone from the Marsh & McLennan Talent Acquisition will be in touch to discuss next steps. Victor Insurance Holdings, formerly known as The Schinnerer Group, is the world's largest managing general underwriter with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $1.6 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage - from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor Insurance is committed to building on 60-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit

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