Pricing Actuary

Pricing Actuary

Merchants Insurance Group is looking for a Pricing Actuary for our Corporate Actuarial team based in our Corporate Headquarters in Buffalo, New York.

The Pricing Actuary will become part of a dedicated actuarial team. This position will be responsible for the pricing functions of the Actuarial department and oversight of the actuarial pricing team. This includes ensuring that pricing recommendations and support are conducted in a timely manner, in accordance with Actuarial Standards of Practice and standard company practice and are consistent with the company objectives.

The role coordinates assistance to product partners in developing and implementing pricing proposals and is responsible for leading, mentoring and developing actuarial analysts and other members of the department.

Hybrid work schedule requiring 8 full days per month in the office, with the option to work the remaining days at home or in the office.

Location:

Corporate Headquarters, Buffalo, New York.

• Manages engagement with Product Management related to development of pricing proposals, including providing rate indications, impact analysis, and filing support.
• Manages pricing analysts' day-to-day workflow, providing support and training relevant to technical pricing work, and feedback.
• Manages the production and enhancement of rate indications for all products, in accordance with generally accepted actuarial principles and company standards.
• Oversees updates to key assumptions used in development of indications, such as internal and external frequency and severity trends, and expense and profitability inputs.
• Manages the rate review schedule and state/product filings.
• Directs the evaluation and rate implementation of new products and class plans.
• Proactively communicates with product managers, regional managers and senior management to ensure pricing adequacy for various products.
• Oversees documentation and communication relating to pricing procedures.

• 4-year degree in math, actuarial science, finance, economics or equivalent work-related experience.
• Associate of the Casualty Actuarial Society (ACAS).
• 5+ years Property and Casualty (P&C) Actuarial experience.
• Prior supervisory experience is preferred.
• SQL or similar programming experience.
• Excellent Excel skills.
• Radar and Emblem or other rate making and modeling software experience is preferred.
• Exceptional organization, verbal and written communication skills.

The estimated salary for this role ranges from $100,000 – $140,000 based on leveling and geography, along with an equity component and a comprehensive benefits package. This range is merely an estimate; actual compensation may deviate from this range based on skills, experience and qualifications.

• Welcoming and positive work environment.
• Flexible work arrangements, including flex scheduling and summer hours.
• Hybrid work schedule (8 full days per month in the office).
• Colleague appreciation events.
• Competitive pay scale.
• Outstanding company bonus program.
• Generous paid time off package.
• Full benefits:
  Health, Dental, Vision, Life Insurance, Short Term Disability; 401(k) employer match 100% up to 6% of your contributions (immediately 100% vested).
• Tuition reimbursement.

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.