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Vice President, Actuary in Nashville, TN at Acceptance Insurance

Date Posted: 11/17/2018

Job Snapshot

Job Description

Overview Acceptance Insurance is seeking a Vice President of Actuary (ACAS or FCAS designation required) with a strong auto insurance background (non-standard preferred), expert knowledge of loss reserving, pricing and predictive modeling.

 

The Vice President, Actuary is responsible for planning and directing all actuarial functions related to all lines of business to achieve corporate profitability and premium growth goals.

 

This role will determine the appropriate value of reserves and non-ledger items for corporate financial statements, and will ensure the accuracy of information upon which the Actuarial Certification for the Company’s financial statements is made.  This role serves as the Company’s appointed actuary and signs the Statements of Actuarial Opinion, and assists in the preparation of related financial statements including Schedule P.

 

To be successful in this role, the candidate must have experience in predictive analytics and be motivated to stay abreast of current trends in optimizing the use of data.

 

As a Team Member at Acceptance Auto Insurance, you will be part of growing organization that continues to evolve and positively impact the lives of our customers.

 

Acceptance Insurance offers a full line of benefits including: Health Insurance, Dental, Vision, Paid Vacation, Disability Insurance and Employer Matching 401(k) Program.

  

Company Overview:

We are principally a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. Our insurance operations actively generate revenues from selling non-standard personal automobile insurance policies and related products in 15 states. We currently conduct our servicing and underwriting operations in 15 states.

 

Acceptance Insurance leased and operated 349 retail locations and a call center staffed with employee-agents. Our employee agents primarily sell non-standard personal automobile insurance products underwritten by us, as well as certain commissionable ancillary products. In most states, our employee-agents also sell a complementary insurance product providing personal property and liability coverage for renters underwritten by us. In addition, retail locations in some markets offer non-standard personal automobile insurance serviced and underwritten by other third-party insurance carriers for which we receive a commission. In addition to our retail locations, we are able to complete the entire sales process over the phone via our call center or through the internet via our consumer-based website or mobile platform. On a limited basis, we also sell our products through selected retail locations operated by independent agents. 

 

Learn more:

Visit us at www.acceptanceinsurance.com

 

 

Acceptance Insurance: Employment Application

WE ARE AN EQUAL OPPORTUNITY EMPLOYER. Applicants are considered for position and are evaluated without regard to mental or physical disability, race, religion, sexual orientation, color, gender, national origin, age, marital status, military or veteran status or any other protected local, state or federal status unrelated to the performance of the work involved.

 

Responsibilities
  • Performs advanced actuarial analysis in the following areas: loss reserving, pricing, product development, research/support and business planning.
  • Develop and implement strategies to improve production efficiency and effectiveness to support the company’s goals of optimized profitability and managed growth.
  • Investigate changes in trend and impacts on reserve selections as well as forecasts for future periods.
  • Work in collaboration with Underwriting, Claims, Retail, Product and Senior Management to make recommendations impacting reserving, pricing and planning.
  • Manage and direct team of analysts.

Job Requirements

  • Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
  • Expert knowledge of loss reserving, pricing, - including class plan analysis and predictive modeling.  Experience with EMBLEM is highly desirable. 
  • Knowledge of automobile insurance product lines, preferably non-standard.
  • Knowledge of automobile insurance company operations, specifically including Underwriting, Product, Claims and Sales.
  • Proficiency in filing/compliance for several states with experience preferred among the following: AL, AZ, CA, FL, GA, IL, IN, MS, NM, NV, OH, PA, SC, TN, and TX.
  • Demonstrated ability to interact effectively with areas of the company outside Actuarial
  • Strong business acumen and communication skills, as well as ability to effectively present technical concepts and presentations to non-technical individuals including senior management and other groups.
Years of Experience Requirements

  • Minimum of 5-7 years of experience, preferably in the non-standard automobile insurance industry, with 2 – 3 years of management or supervisory experience preferred.
Education Requirements

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis.
  • Required ACAS or FCAS designation.

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