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Product Development Actuary

Location: Seattle, WA
Department: Product
Type: Full time
# of openings: 1

Description

Why We Need You

PEMCO is seeking a Product Development Actuary to drive the development of new products and the evolution of existing products.

What You Will Be Doing

  • Lead and oversee all statistical modeling using best practices 
  • Collaborate in innovation around product development and deployment within the overall consumer experience
  • Identify, assess and build new products and programs
  • Perform pricing analysis by developing indicated relativities for each current or newly proposed rating variable using generally accepted actuarial techniques including predictive modeling and multivariate analysis
  • Partner with Product Managers in the ideation of new product offerings
  • Ensure consistent application of sound actuarial principles, methods and tools
  • Analyze the performance of existing products
  • Contributes to market share growth and profitability by recommending changes to products, pricing and risk management
  • Provide advanced analytical support; such as premium studies and retention studies
  • Closely work with, mentor and coach actuarial team
  • Effectively supervise employees, as assigned


What You Bring

  • Strong knowledge of actuarial concepts and principles, such as that obtained by being a Fellow of the Casualty Actuarial Society and by having 7+ years of related experience
  • Minimum four-year degree in mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability - an enhanced understanding of statistical methods is preferred
  • Aptitude in statistical modeling techniques such as linear regression, logistic regression, GLM, GAM, GBM, etc. – Modeling experience is required
  • Ability to review analytical results, derive recommendations and communicate implications to all stakeholders
  • Ability to communicate effectively, clearly and transparently to a variety of audiences
  • Understands actuarial models, business processes, and can evaluate accuracy and uncertainty in models
  • Makes sound business decisions, taking into account various points of view, benefits, disadvantages, timing, and availability of resources, even when based on limited data and uncertainty
  • Understands drivers of the industry and business environment
  • Working knowledge of insurance regulation and related business constraints
  • Challenges assumptions, methods and conclusions
  • Strong technical aptitude, such as programming experience with Python, R, SAS, or SQL required. 
  • Strong interpersonal skills, including a demonstrated ability to work in a team environment and the ability to influence others 
  • High level organizational and project management skills in order to handle multiple concurrent assignments in a timely manner and to monitor processes throughout a team or department
  • Creative mindset; resourceful in overcoming barriers, adopting a consultative approach as necessary 
  • Open minded, trustworthy and enthusiastic


We've Got You Covered

  • Competitive salary
  • 200% match on your 401(k) up to 6% of your pay
  • Generous medical, dental, disability and life insurance plans
  • A friendly, professional work environment
  • The opportunity to work at a place of integrity, where customer service is emphasized

Equal Opportunity Employer

At PEMCO, we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products and our community to flourish. PEMCO is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation or Veteran status.



    

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