Actuarial Specialist

Role Overview

Pricing Analysis and Rate Development

• Lead complex pricing analyses and investigate trends impacting profitability, growth, retention, and rate adequacy.
• Develop and enhance pricing methodologies, rating structures, and actuarial assumptions used in insurance products.
• Review pricing results for reasonableness and identify opportunities to improve portfolio performance.
• Communicate pricing recommendations and business impacts to management and key stakeholders.

Pricing Models and Portfolio Management

• Develop, maintain, and enhance pricing models, including GLMs, machine learning models, and predictive analytics solutions.
• Analyze portfolio performance, rate level indications, dislocation impacts, retention, and new business growth.
• Conduct scenario testing to quantify the impacts of pricing, underwriting, and market changes.
• Recommend enhancements to pricing models, segmentation strategies, and rating algorithms.

Product and Market Analysis

• Monitor market trends, competitor pricing, and emerging industry developments.
• Support development and implementation of pricing strategies aligned with profitability and growth objectives.
• Evaluate new products, coverages, discounts, and underwriting initiatives.
• Provide recommendations to improve product competitiveness and customer value propositions.

Model Development and Technical Innovation

• Design, build, and maintain actuarial pricing models and automated analytical processes.
• Develop solutions using actuarial software, SQL, Python, R, Earnix, or other analytical tools.
• Improve efficiency through automation, data visualization, and process optimization.
• Evaluate emerging analytical techniques and industry best practices in pricing and predictive modelling.

Regulatory Filings and Pricing Governance

• Support rate filings and regulatory approval processes.
• Prepare technical documentation, exhibits, and actuarial support for pricing initiatives.
• Ensure pricing analyses comply with regulatory requirements, actuarial standards, and internal governance practices.
• Contribute to implementation and monitoring of approved rate changes.

Technical Leadership and Professional Development

• Act as a subject matter expert for pricing projects and strategic initiatives.
• Provide technical guidance, mentoring, and peer review support to analysts and senior analysts.
• Assist with training, knowledge sharing, and development of pricing team capabilities.
• Continue professional development through CAS/FCIA progression and industry research.

Qualifications

• Undergraduate degree in Mathematics, Actuarial Science, Statistics, Data Science, or a related field, with FCAS/FCIA designation or ACAS nearing Fellowship preferred.
• 5-8 years of pricing experience within a P&C insurance company.
• Strong knowledge of actuarial pricing techniques, predictive modelling, and data analytics.
• Experience developing and validating GLMs and other predictive models.
• Advanced proficiency with Excel, actuarial software, and pricing platforms such as Earnix.
• Strong SQL, Python, R, or equivalent programming skills.
• Knowledge of insurance product design, rate indications, regulatory filings, and portfolio management.
• Strong communication, presentation, and stakeholder management skills.
• Ability to translate complex analytical findings into actionable business recommendations.

Compensation

• The expected base salary range for this position is $97,500 - $147,500.
• Depending on relevant experience, skills, qualifications, market conditions and business needs, base compensation may vary.
• You have the potential to earn more through Gore Mutual's discretionary bonus program.

Benefits

• Gore Mutual offers a comprehensive total rewards package which includes extended health and dental benefits, disability insurance, retirement plan matching, paid time off, recognition and perk programs.