SUMMARY

The VP of Actuary is a new position that will play a key role in Tower Hill’s rapidly growing Commercial lines business by analyzing the financial costs of risk and uncertainty, and identify optimum solutions.  Develop and file rates for the company based on senior level direction.  The VP of Actuary analyzes loss experience for filing indications, trends and loss development and identifies book segments that are unprofitable, and those with potential high margin. This individual knows the product history, manual, rules/rates, forms, statutory requirements, programming needs, rating steps, filing history, and performance of our portfolio.

Integrates and shares analytics with key personnel in Underwriting, Claims/Legal, Product, Compliance, Reinsurance, Data Management, Predictive Analytics, and others.  Establishes working relationships with State Departments of insurance.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

The VP of Actuary will be responsible for:

• Maintains direct coordination and communication with the Corporate Chief Actuary
• Manages data and statistical reporting.
• Tracking competitor rates and respond to market needs.  Also, maintaining optimal rates relative to companies managed within MGA.
• Analysis of experience data to support rate revisions or rate certifications.
• Preparation of miscellaneous reports to aid in monitoring the performance of companies, products, and producers.  Manages statistical Reporting
• Coordinating with Product Development for the filing of product forms, manuals, rules, and guidelines.  Provides requirements for rater entry, and tests for accuracy
• Coordinating with Systems to ensure that products are implemented in their entirety, as correctly and in as timely a manner as possible.
• Reviewing product performance and staying abreast of areas for enhancement or refinement
• Statistical reporting as required by regulators.
• Use simulation or statistical models to address problems or identify profit opportunities.
• Make executive level presentations.  Prepare materials for AM Best, S&P, etc..
• Follows laws and generally accepted actuarial practices.
• Maintains a consistent high-level rating and rate filing approach with other Tower Hill lines of business.
• Interacts and manages outside actuarial consultants and auditors.
• Apply predictive modeling analysis to ratemaking and decision support tools.

EXPERIENCE/SKILLS REQUIRED:

• Bachelor’s degree (B. A.) from four-year college or university, typically in mathematics, actuarial science or statistics.
• 7 to 10 or more years related experience and/or training, and progress towards professional certification in an Actuarial related program; or equivalent combination of education and experience. Experience must be relevant to our company product lines and geographies.

TOWER HILL’S TOTAL COMPENSATION PACKAGE INCLUDES:

• Competitive starting salary
• Annual merit reviews and bonus potential
• Medical, Dental, Life and Disability Insurance, and Flexible Spending Accounts
• Matching 401(k) Plan
• Paid PTO and holidays
• Business casual dress, and more

For more information about our company, careers and Total Compensation, visit www.thig.com/careers

Tower Hill Insurance Group, LLC is an equal opportunity employer

 

OUR COMPANY

No matter the square footage, your home is your castle. At Tower Hill we’re in the business of protecting castles. We provide the insurance protection you need and the peace of mind you want.

Founded more than 40 years ago, today Tower Hill is Florida’s largest homeowners insurer. Our company is financially strong and solid. We’ve weathered every storm and natural disaster in the state since 1972, and helped our customers rebuild after each one.

Like you, we love Florida. We enjoy the sun when it’s shining, appreciate mild winters, watch out for lightning, and build hurricane kits every summer. And like you, our homes are our castles. Sometimes the unexpected happens — or even the unthinkable — and we understand what that feels like, too. That’s why our 400 employees are committed to being there when you need us all year long, not just during storm season.

Your home is where you and your family should feel safe and protected. You can be confident that if the unthinkable happens, Tower Hill will be there to help you rebuild. When your home truly feels like your castle again to you, we know we’ve succeeded as your insurance company. Although we have grown in size over the last four decades, we remain committed to the promises we made when our company was founded.