Actuarial Director

Overview

 

We are seeking an Actuarial Director to lead Thimble in the development, implementation and offering of new insurance products to a wider and more diverse customer base, and to own the pricing of our insurance products across our organization.

 

Roles and Responsibilities

 

• Primary actuarial support for Thimble Insurance Services, our general agency.
• Provide leadership, vision, and direction to:
• Drive pricing decisions including the advancement and execution of pricing tools and trend analyses. Work closely and cross-functionally with the Product Team which has responsibility for implementation of products and the User Experience across our app, web, APIs, and broker platforms.
• Mastermind pricing of new products and coverages, including cutting-edge products with limited or no historical experience, performance monitoring, and trend analysis.
• Work with the Leadership Team and the Finance Team, to play a key role in the production of the Thimble Operating Plan.
• Propose and introduce changes or improvements that promote profitability and growth and take an active role in the implementation of these changes including defense to state regulators and reinsurers.
• Communicate results analysis, and recommendations in a manner that is understandable and allows management to make operational changes where necessary with efficacy.
• Provide strategic and operational planning advice including monthly and quarterly reporting to the Leadership Team, assessment of profit and financial performance and front-line risk management for Thimble business segments.
• Develop and defend filings for regulators and defend them to regulators and capital partners.
• Develop materials /reports for insurance and reinsurance risk capital partners and regulators.
• Represent Thimble to underwriting executives and senior actuaries at various partner organizations.
• Be relentlessly creative in the pursuit of new ways of pricing and structuring risk products for modern businesses.

 

Qualification

 

• Bachelor’s Degree.
• FCAS or strong actuarial background required. 10+ years insurance P&C experience with at least 5 years’ experience in commercial lines.
• Proactive individual who challenges existing processes, can influence others (including regulators) and drive a process to conclusions while meeting critical deadlines.
• Independent thinker as well as challenger/advocate ensuring soundness of pricing and underwriting.
• Drive to deliver results and strive for continuous improvement.
• Ability to work well and respectfully with others, with minimal supervision and in a very fast-paced environment.
• Ability to effectively manage multiple projects, prioritizing high impact ones.
• Ability to make decisions quickly and decisively, thinking and acting strategically, planning for the long-term while balancing short-term needs of the organization.
• Exceptional written and oral communication skills.
• Creative problem solving, organizational, and planning skills.
• Exceptional analytical and critical thinking skills with ruthless attention to detail.

 

What You’ll Do in 30 Days:

 

• Understand Thimble’s product set and roadmap.
• Take ownership of Thimble’s pricing initiatives.
• Complete Pricing Review & Analysis (Delta from Current Filing and Justification for Competitive Positioning).
• Understand Thimble’s Parametric BI offering.
• Understand Thimble’s content/SEO strategy and the Insurance Team’s role in it.
• Understand Thimble’s designated producer strategy.
• Digest company performance and customer data to date and training on Thimble’s data infrastructure.
• Review data dump including all team presentations, Board presentations, filings, PAA agreements, carrier presentations, and product documentation.
• Understand Thimble’s claims process and future.
• Understand organization, 2020 plan, and the insurance challenges.
• Understand Carrier and reinsurer guidelines as they have been presented to us.
• Carrier Partner pricing and rate/rule filing work for four lines of business.

 

What You’ll Do in 60 Days:

 

• Understand Thimble’s financial model and insurance impact/budget.
• Understand Thimble’s Business Development strategy (especially broker strategy) and impact of Thimble’s Business Development on insurance roadmap.
• Assist in development of event offering in the GL and IM LOBs.
• Assist in development of commercial property insurance product.
• Assist in the development of automobile insurance products, including hired/non-owned auto product.
• Develop pricing and rating processes in coordination with Product Team.
• Meet virtually with key partners for introductions.
• Streamline process for getting appropriate rates and rules into system.

 

What you’ll do in 90 days:

 

• Contribute to assure strategic projects and goals are on plan and suggest modifications, if required.
• Contribute to assure that the 2020 Product Plan is on target and completed.
• Contribute to plan for investigation of new products for 2021-2022 and beyond.
• Assist in pricing of 3rd Party Cyber product offering.
• Assist in pricing of Workers Compensation product offering.

 

Benefits

 

• Comprehensive health, vision, and dental coverage.
• 20 days paid vacation plus company-wide holidays.
• Ability to work remotely.
• Company computer hardware of your choice and a generous contribution to your remote office.
• Virtual trivia and field trips.
• Competitive pay.
• Generous stock options.