Assistant Actuary, Home Insurance

About Loggerhead Risk Management LLC

Loggerhead is a property and casualty insurer that specializes in providing coverage that meets the unique needs of Florida homeowners. We’re a team of insurance professionals with customer service as our core value, and we understand the importance of providing attentive service to our policyholders. Loggerhead is powered by modern technology, guided by people who share a commitment to trust, empathy, always doing what’s right, flexibility, and teamwork.

Whatisthe Role?

As part of Loggerhead’s Product and Risk team, the Assistant Actuarywillmanage its insurance products to ensurethey’repriced adequately to meet Loggerhead’s profitability expectations yetstillaffordable in the Florida market. This roleprovidesthe opportunity to apply experience andexpertisein insurance ratemaking, policy language refinement, and data analysis to create and refine products that are attractive toFloridaconsumers in both coverage and pricing. This role will manage every stage of product management from internal analysis, proposals to management and other internal stakeholders, engagement with external stakeholders, including regulators and rating agencies, and systems implementations.

We’relooking for arecentlycredentialed actuarythat is self-driven to grow professionally and take personal responsibility for shaping Loggerhead’s current and future success in the Florida insurance marketplace. The selected candidate will be empowered with insight into all areas of the organization to both learn how to build an insurance company from the ground up and leave his or herimprint ofon the company’s products.Successful candidates willexhibitstrong communicationskills, comprehensive knowledge of actuarial principles, and the technicalexpertisenecessary to drive results. Moreover, the ideal candidate shouldpossessthe ability tocomprehendcomplex business challenges and devise effective solutions.

As an actuarial program team member, the selected candidate will gain experience in allcoreactuarial operations within an insurance company, including pricing, reserving, and enterprise risk management, withopportunities to engageleaders and contributors across all levels of operations. This candidatemayhave the opportunity - upon meeting NAIC qualification standards - to certify rate filings and eventually sign statements of actuarial opinion based ondemonstratedcapability.

Core responsibilitiesinclude:

• Full ownership of insurance products’ profitability and competitiveness in the Florida market

• Researching competitive landscape toidentifyindustry developments and opportunities to evolve product offerings tomaintaincompetitiveness and price adequacy

• Management of rate review and filing process for insurance products to ensuretimelyimplementation of rates, forms, and rules changes to support profitability and growth objectives

• Responsibility for entire process from data analysis to filing submission, including presentingtoand obtaining approval from executive leadership team

• Preparation ofcommunicationtoagencies and internal staffregardingproduct changes.

• Monitoringperformance of assignedproductsincluding loss ratios, demographics, market and industry trends, legislative and regulatory activities, etc. toanticipateproblems and proactively design corrective actions

• Refinement ofproduct strategy through thetimelycreation of new and improved coverage offerings, underwriting guidelines, and pricing that ensure Companyinsurance productsremaincompetitive in marketplaceand in compliance with laws and regulations

• Managesrelationships with external parties, including vendors, insuranceorganizationsand regulators.

• Being a driving force to implement new products and product enhancements, including developing systems requirements and performing detailed testing

• Works on ad-hoc requests for analysis, research, reports, presentationsdealing with business needs.

• Build strong relationships with other business units and lead strategicdirectionfor the long-term success of assigned areas.

Additionalresponsibilities may include:

• Contributing to actuarial reserving function and supporting quarterly reserve reviews and annual actuarial report and opinion

• Assistingwith reinsurance needs by analyzing risk-return tradeoff of various reinsurance structure options

• Assistingenterprise risk management function with quantitative analysisrelated to various risks to which Loggerhead is exposed

What You'll Need to be a Top Candidate:

Skills

• Excellent interpersonal skills with the ability toestablishworking relationships with individuals ateveryleveland across all roleswithin the organization.

• Extensive knowledge andexpertisein the interpretation of data to develop strategic/tactical plans for underwriting structures and selections.

• Exceptional project management and organizational skills.

• Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint).

• Proficient in SQL

• Excellentverbal and written communication skills.

• Excellentorganization and time management skills with the ability to work under pressureand in a remote environment.

• Proficient in Data analysis in Python / R or other language preferred

• Ability to take complex analytical results and present them in easy-to-follow presentations.

• Excellent communication skills and the ability tointerface atall levels of the organization.

Knowledge & Experience

• Minimum3years’ experiencemanaginghomeowners’insurance products.

• Previousexperience working closely with underwriting and/or product development.

• Deep understanding of thehomeowners’personal linesinsurance market.

• Experience in working with financials and marketing preferred.

• Expert knowledge of statutes and regulations governing the quoting, sales, bind, endorsing, servicing, and cancellation of insurance policiesin Florida.

Education & Certifications

• Membership as an associate of the Casualty Actuarial Society

*This jobisremote, with occasional travel to Tampa, FL headquarters*

Working Conditions: Normal business office environment.Additionalhours asrequired.

Travel: Minimum, asrequired.

ADA: The above statements cover what aregenerally believedto be the principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform asomewhat differentcombination of job duties.

Job Type:Full-time

Schedule:Monday- Friday

Benefits:

• 401(k)

• Dental insurance

• Health insurance

• STD/LTD

• Life Insurance

• Paid time off

• Vision insurance

• Referral Program

• Tuition Reimbursement