Brief Role Description

This position is Career Level 20+, located in Reston, VA, with a Role Classification of Hybrid.

Role Summary

The Underwriting & Actuarial Manager plays a pivotal role in shaping the insurance portfolio through expert risk assessment, pricing strategy, and financial modeling. This position blends deep actuarial knowledge with hands-on underwriting leadership to ensure sound decision-making and profitability across insurance products. This role requires a strategic thinker with strong analytical skills, deep insurance knowledge, and the ability to lead cross-functional teams in a dynamic environment.

Role Responsibilities within this Role

Underwriting Responsibilities (40%):

• Evaluate complex insurance applications to determine risk levels and coverage eligibility.
• Develop and implement underwriting guidelines and procedures to ensure consistency and compliance.
• Review and approve high-value or non-standard policies, often requiring nuanced judgment and negotiation.
• Collaborate with brokers, agents, and clients to clarify application details and negotiate terms.
• Ensure regulatory compliance with insurance laws and internal standards.

Actuarial & Analytical Duties (40%):

• Support the implementation of IFRS 17 for the insurance products
• Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance products
• Collaborate with the Risk Management Planning and Reporting Group, Accounting and senior management in establishing adequate loss provisions for Insurance products
• Engage with CFO, VP of Finance and Chief Risk Officer, Accounting, Risk Management, Brand executives and external auditors to gain acceptance on the loss and reserve forecasts. Provide technical and operational support to auditors to ensure successful audit close
• Be able to extract data from data warehouse for Insurance products and perform analysis on upcoming issues/trends
• Providing all actuarial inputs for income recognition for actual and forecast models
• Regular updates on Loss curves vs. priced. Perform comparison of actual to priced loss ratios

Leadership & Strategic Oversight (20%):

• Lead and mentor a team of underwriters and analysts, providing training and performance feedback.
• Set strategic direction for underwriting and risk management aligned with company goals.
• Implement process improvements to enhance efficiency, accuracy, and turnaround times.

Qualification requirements

• 10+ years minimum, Strong background in insurance underwriting and actuarial science preferred.
• At least 5 years working as an actuary in the Insurance industry and having an ACAS designation
• Desired: 3 years working in Auto Insurance Industry with knowledge of Auto Insurance products.
• Minimal travel – 5%
• Flexibility to work remotely on as-needed basis

Required Education:

Bachelor’s Degree in a quantitative discipline: Statistics, Mathematics, Economics, Operations Research

Desired Education:

• Master’s Degree in related field
• Professional certifications such as CPCU, FCAS, or ASA 

Required Skills:

• Support a robust pricing and/or reserving review process for insurance business, including both standard actuarial techniques and advanced modeling
• Proficiency in data analysis tools, underwriting software, and statistical packages.
• Develop indications and communicate them to Actuarial Management and Senior Leadership
• Work collaboratively as a part of the broader Pricing and/or Reserving process
• Develop and communicate business analytics to Senior Leadership
• Foster innovation within the team and across the broader organization

Desired Skills:

• Ability to build models using open-source software (e.g. R, Python), experience in distributed statistical computing preferred
• Personal or commercial auto insurance experience
• Excellent Excel skills and strong with SQL
• Experience mentoring and/or directing junior team members.

Additional Skills:

• Lead and direct the work of others.
• Ability to conduct large scale projects and research through all stages: concept formulation, definition of metrics, determination of appropriate methodology, research evaluation and final research report
• Specialized ability to communicate highly technical subjects to the senior executives and others who have limited background in mathematics or statistics
• Analytical and conceptual thinking – ability to understand business problems and develop data-driven solutions