Job Purpose
Lead the technical, pricing, product register (CNSF), and strategic management of the Company’s new business and portfolio (portfolio management actuarial approach), ensuring their establishment, valuation, and release comply with applicable regulatory frameworks, actuarial best practices, and internal standards for risk management, solvency, and financial reporting.
Lead the responsibilities associated with the Underwriting procedures.
Lead the management and administration of the Company’s reinsurance contracts and reinsurance procedures and policy.
Lead the portfolio management activities (new business and portfolio valuation, identifying insights, value opportunities, inconsistencies, etc).
This role will drives forward work and initiatives in the area of responsibility, sets and manages priorities, oversees and develops global actuarial approaches. Supports work of other team members and manages junior staff. Maintains links to the other unit departments as well as to the International Actuary Group. Manages and provides actuarial input in global change projects.
Optimizes global actuarial processes and interfaces while ensuring consistent approaches of standards (related to: Pricing, Product, Register (CNSF) and Reinsurance).
Primary Job Accountabilities/
Responsibilities
Technical Pricing
- Oversee the calculation, pricing model estimates, and ongoing update of products.
- Ensure the correct application of actuarial methodologies in accordance with local regulatory standards and corporate actuarial guidelines.
- Monitor the adequacy and sufficiency of technical pricing through periodic actuarial analyses.
Regulatory and Compliance Oversight
- Ensure all processes, reports, and registers comply with CNSF, Solvency II, and US GAAP standards.
Cross ‑ Functional Coordination
- Collaborate closely with Actuarial (Pricing), Portfolio management, Finance, Risk Management, Underwriting, and Claims to integrate the information required for reserve estimation.
- Ensure consistency between Pricing, Portfolio management tracking, accounting, reserves, and business needs.
Financial Analysis and Strategy
- Participate in the financial projections (Earn Premium and Losses) for the Business Plan and Reforecast processes.
- Identify trends, loss development patterns, deviations, and root causes to support strategic and management decision ‑ making.
Internal Control and Audit
- Develop and maintain policies, procedures, and internal controls for the underwriting and reinsurance function.
- Drive continuous improvement and process standardization.
- Manage and respond to internal audits, external audits (Independent Actuary and financial auditors), and regulatory examinations.
Actuarial Function
- Prepare materials for the Board of Directors, ensuring regulatory compliance and clear technical explanations.
- Address feedback and observations from key stakeholders, including internal audit, external audit (Independent Actuary and financial audit), and regulators.
- Promote continuous improvement and standardization of actuarial processes and governance.
Reinsurance
- Prepare and present reinsurance ‑ related materials to the Board of Directors, ensuring compliance and transparent communication.
- Promote continuous improvement and standardization of reinsurance processes and governance.
- Manage and drive forward all aspects of the evaluation and adequacy validate of technical reserves for assigned business area using actuarial techniques and preparation of related supporting documentation as required.
Suggest and implement potential changes and improvements to actuarial procedures (pricing and portafolio management) and data capture as warranted.
Compile reports and presentation with supervisor's review, including reporting information for financial statements both on a GAAP and Statutory accounting basis.
Develop global actuarial approaches and processes as well as enhance actuarial models and analysis.
Promote close collaboration and interaction with the various business areas (claims, underwriting, accounting, IT, etc.) to foster mutual understanding how business developments impact actuarial drivers in the financials.
Peer review work from other team members and mentor, provide guidance to junior team members.
Regularly communicate progress and issues in the above areas to the Chief Actuary
If no application deadline is provided, this role may be a pipeline requisition, and we'll continue to collect applications on an ongoing basis, or there is no requirement for this information in the location where the role is posted.
Any posted pay range considers a wide range of compensation factors, including candidate background, experience, and work location, while also allowing for salary growth within the position.
Helping People Thrive in a Connected World
Connect with us. Bring us your best work and your brightest ideas. And we’ll bring you a place where you can thrive. Learn more at jobs.assurant.com.
What’s the culture like at Assurant?
Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 14 countries and awarded the Fortune America’s Most Innovative Companies recognition, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We call our culture The Assurant Way.
Company Overview
Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.
AI and Biometric Usage
Assurant supports the responsible use of Artificial Intelligence (AI), but we want to know the real you. Visit our AI Usage Guidelines page to understand what we expect from applicants regarding their use of AI during the application process.
Employment is contingent upon completion of a required identity verification process, which may include biometric technology, where permitted by applicable law and subject to applicable notice and consent requirements. See our Privacy Notice to learn about Assurant’s privacy practices, including our use of AI-enabled technology, automated decision making, and biometric information.
Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.
Job Scam Alert
Please be aware that during Assurant's application process, we will never ask for personal information such as your Social Security number, bank account details, or passwords. Learn more about what to look out for and how to report a scam here.
