<p>KEY OBJECTIVE:</p> <p>The AVP & Actuary role is responsible for supporting the Loss Sensitive Unit (LSU) and Construction Program (Managing General Agent) for Commercial Insurance (CI) Actuarial. This role provides support for Workers Compensation and other Casualty lines and will involve regular engagement and interaction with Underwriting, Product, and Finance teams supporting this business.</p> <p>The role is based in either Philadelphia, PA or Whitehouse, NJ and reports to a VP & Actuary.</p> <p>MAJOR DUTIES & RESPONSIBILITIES:</p> <p>Oversee the day-to-day actuarial pricing support for CI LSU and CI Construction Program through collaboration and partnership with CI management, coordination across CI Actuarial Product teams, and managing an actuarial analyst. Tasks include -</p> <ul> <li>Establish actuarial pricing referral guidelines for LSU and Construction Program in collaboration with other CI Actuarial Product Leaders and CI management and oversee compliance </li><li>Provide individual account pricing, including program referrals and collateral calculations </li><li>Collaborate with various stakeholders including other Actuarial Teams, IT, and Underwriting to continuously update, maintain, and document individual account pricing tools </li><li>Partner with the reinsurance pricing team to support treaty renewals </li><li>Collaborate with CI management to evaluate and quantify cost and usage of Third-Party Administrators (TPA) </li><li>Complete annual pricing studies, as well as ad-hoc pricing study requests and deep dives </li><li>Provide inputs for annual planning process, providing loss ratio projections to support CI Management decisions and Corporate Actuarial needs </li><li>Conduct regular portfolio reviews to understand emerging trends and partner with CI management to propose actions for consideration </li><li>Deliver timely and informative monthly/quarterly reports to management, including price monitor and actual v. expected </li></ul>