This role will support the pricing function for a wide range of Excess and Surplus Lines products:
Serve as an actuarial contact for the E&S underwriting team for pricing support
Assist in the development and implementation of rating plans and pricing models for a variety of property, professional lines, and specialty lines products
Evaluate new program and reinsurance opportunities, including the selection and documentation of loss picks, trend factors, development patterns, and other relevant metrics
Integrate pricing assumptions with the reserving and ERM functions
Assist with monitoring the composition and profitability of specific products along with the overall portfolio
Perform other job-related duties as assigned in support of the overall actuarial and risk management functions
In addition to the requirements listed below, the ideal candidate will also have the following:
Proficient computer skills in MS Office Suite
Excellent communication and presentation skills; proven ability to adapt in a growing and evolving work environment
Ability to work independently, multitask, stay organized, and enjoy fostering collaborative relationships
Job Overview:
This position is a critical component of the actuarial functions of a P&C insurance company. The role is designed for the person with actuarial experience who will take the lead on various projects to help solve business problems. Integral to this role will be the interaction with underwriters, claims personnel, finance, and other members of the actuarial, risk management, and catastrophe modeling teams.
Job Duties & Responsibilities:
Understands, discusses, and applies existing and new actuarial concepts and techniques to analyze data in support of actuarial functions
Supports the actuarial team on projects that will assist management in decision-making and steering the business
Coordinates with other members of the actuarial team to keep management and other team members informed of relevant, ongoing changes in the market and emerging trends (e.g., Covid-19 claims, an influx of capital into the market, aggregate industry results, competitor results, regulatory changes, etc.)
Collaborates with underwriters, catastrophe modelers, and the financial area to support the expanding P&C insurance company
Continues to work towards an actuarial designation by studying and sitting for actuarial exams, if desired
Requirement Qualifications:
Degree in Mathematics, Actuarial Science, or similar field
5+ years of P&C actuarial experience
Minimum of 4 actuarial exams
Degree in Mathematics, Actuarial Science, or similar field
Palms Insurance Company, Ltd. is NextEra Energy, Inc.’s wholly-owned insurance subsidiary and provides coverage to both affiliated and non-affiliated risks. The Palms finance team is an integral part of developing strategy for managing risk internally, risk transfer and executing strategy for growth at Palms.
