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Plymouth Rock Assurance Actuarial Manager in Boston, Massachusetts

The Plymouth Rock Group of Companies writes or manages more than $1.6 billion in P&C insurance across the Northeast and New Jersey. Our Actuarial group is seeking a self-motivated and creative Actuarial Manager to lead the actuarial team in our downtown Boston office.

The Actuarial Manager is a subject matter expert in the areas of reserving, rate making and claims analysis for Private Passenger Auto, Commercial Auto and Homeowners lines of business. He/she is responsible for researching new approaches to business issues and developing the framework to apply these concepts to our reserving and rate making processes. The position will be expected to quickly acquire knowledge of and evaluate the key product and claims business drivers and incorporate such in the assessment of reserves and profitability of the business.

Responsible for managing the reserve analysis, incorporating both traditional and non-traditional methods; will also be responsible for developing new non-traditional methods.

  • Works closely with the Product and Claims teams, understanding changes in the business and claims operation in order to improve the accuracy of reserve estimates.

  • Responsible for assessing profitability of the business, working with Product Managers to determine rate needs.

  • Works closely with the Product team to prepare and maintain loss forecasts.

  • Provides written and oral support as necessary to ensure approval of rates filed with the Departments of Insurance.

  • Maintains an external network within the insurance industry to track emerging trends and approaches to business issues.

    Requirements & Skills:

  • Advanced querying skills, preferably SQL, required

  • Expert excel skills required

  • Strong project management skills

  • Regulatory expertise within Plymouth Rock’s state footprint

  • Specializes in conceptualizing complex issues, identifying appropriate data and information to lead analysis in solving these issues

  • Expert oral and written communication to both technical and non-technical audiences

  • Confidence in taking ownership of challenging business issues and seeing issues through to resolution

  • Superior critical-thinking and problem-solving skills

Education & Experience:

  • FCAS Credential

  • A minimum of 7 years of experience in reserving with an applied background in Property & Casualty ratemaking, reserving and profitability analysis

  • Bachelor’s degree in Mathematics, Statistics, Economics, Actuarial Science, or related field

  • Proven experience with loss reserve and claim metric analysis and demonstration of incorporating non-traditional techniques that enhance traditional analysis

  • A thorough understanding of the insurance industry is required

About the Company

The Plymouth Rock Company and its affiliated group of companies write and manage over $1.6 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 2,000 people and is headquartered in Boston, Massachusetts. Plymouth Rock Assurance Corporation holds an A.M. Best rating of “A-/Excellent”.

Job ID: 2021-2038

External Company URL: www.prac.com/

Street: 695 Atlantic Ave

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