South Carolina Farm Bureau Mutual Insurance Company is seeking a property and casualty actuary to oversee the company’s pricing and reserving functions. This is an advanced level position that affects the strategic direction of the insurer as part of a collaborative underwriting, rating, and marketing program area team. The position extensively engages with senior management to develop and implement an overall vision for property lines of business, balancing growth, retention, new product development, profitability, and sustainability. Accurate and timely preparation of all work is a priority, since management decisions are based upon work performed. The position requires an in-depth understanding of regulatory and marketplace developments within South Carolina’s property and casualty insurance sector to identify proactive responses to challenges and opportunities.

Education and Experience Necessary:

  • A Bachelor’s degree in Mathematics, Statistics, or Actuarial Science,
  • FCAS or ACAS qualifications, meeting requirements for issuing loss reserve opinions,
  • Experience using predictive modeling software such as Emblem, Radar, or other model building tools,
  • 5 years’ minimum experience.

Duties and responsibilities include:

  • Developing annual indications for, preparing and filing, coordinating regulatory approval of, and overseeing coordination of implementation of property insurance premium rates, including through risk segmentation in a GLM format;
  • Advising executive management on reserve adequacy and serving as the appointed actuary, preparing, and supporting as necessary, SAOs for the insurer;
  • Recommending, designing, preparing, validating, extracting, and reporting statistical data and actuarial databases, using various software, pursuant to current internal and external needs;
  • Managing routine operations of the insurer’s regulatory services program area, including managing ERM risk ownership as assigned;
  • Clearly communicating business-results-oriented analyses of complex, technical data and reasoning to a diverse audience, at times under confrontational situations, to, among others, regulators, sales producers, underwriters, and insurer staff, managers, and senior executives;
  • Demonstrating project management and team building skills necessary to simultaneously lead multiple projects towards successful completion;
  • Serving as liaison with Southern Farm Bureau Casualty Insurance Company for its regulatory approval and implementation of casualty insurance premium rates used in South Carolina.

Farm Bureau Insurance is an Equal Opportunity Employer.

Job Type: Full-time

Experience: Relevant: 5 years (Required)

Education: Bachelor's (Required)

License: FCAS or ACAS (Required)

Work Location: One location

Benefits:

  • Health insurance
  • Dental insurance
  • Vision insurance
  • Retirement plan
  • Paid time off
  • Professional development assistance

If you are interested in this position, please email your resume to the human resources department at personnel@scfbins.com