Vice President, Actuarial & Risk Management

Vice President of Actuarial & Risk Management

Responsible for and has the authority to make all decisions on risk management issues that directly impact the strategic direction of the company by performing the following duties.

Responsibilities

• Manages all state pricing and actuarial filings.
• Expands new state pricing initiatives.
• Manages all facets of catastrophe risk process.
• Responsible for catastrophe modeling and statistical analysis.
• Devises systems and processes to monitor validity of risk modeling outputs.
• Distributes exposure and capacity of exposure by zone or region.
• Designs proprietary risk measurement tools.
• Designs proprietary profitability and capital allocation measurement tools.
• Handles responsibility for strategic measurement and maintenance of overall corporate risk.
• Handles responsibility for loss mitigation strategy.
• Handles responsibility for authorizations.
• Manages loss reporting and bordereaux reports.
• Manages and provides support for allocations to lines, states, and regions.
• Sets, reviews, and manages corporate wide loss and LAE reserves.
• Handles responsibility for schedule P quarterly and annual statement.
• Reviews corporate wide enterprise risk management.
• Manages communications relating to risk management and pricing with Board of Directors, Rating Agencies, and Regulatory Authorities.
• Manages and coordinates audits and consulting actuaries including pricing and reserving.

Education/Experience:

• Bachelor’s degree
• Master of Science degree in Actuarial Studies preferred.
• Minimum of 10 years related experience and/or training; or equivalent combination of education and experience.
• Minimum ACAS or FCAS required