Chief Actuary- Chevy Chase, MD

Company Name:
Marsh & McLennan Companies, Inc. (MMC)
Title: Chief Actuary- Chevy Chase, MD
Location: MD-Chevy Chase
Victor O. Schinnerer & Company ( /), a subsidiary of Marsh, is the world's oldest and largest underwriting manager of professional liability, specialty insurance, and risk management programs. Our expertise lies in evaluating risks, implementing program marketing, developing and executing risk management activities, and servicing accounts on behalf of our insurance company partners. We then distribute these products through our distribution network of licensed brokers.
The successful candidate will exemplify Marsh's IGNITE operating principles, the behaviors that guide our conduct and growth -- In Touch: Get out in front by being informed and connected; Genuine: Be authentic with clients and each other; Nimble: Be flexible and move quickly to deliver quality results; Inclusive: Be open to diverse ideas, experiences, and backgrounds; Trusted: Stand for integrity and ethical behavior; and Engaged: Actively participate in making Marsh extraordinary.
General Summary
The qualified candidate acts as an actuarial and financial model consultant to colleagues and clients in the design, pricing and implementation of insurance products. Monitors industry developments, researching and responding to information requests, and providing timely and accurate service. Develops, delivers and drives methodology and framework that allows for ongoing assessment of profit and risk. Advises Chief Underwriting Officer and Program Managers of underwriting profit opportunities and threats.
Job Responsibilities include:
o Advisor to Schinnerer Senior Management.
o Provides pricing and product management reports for multiple lines of insurance.
o Interpret and analyze client underwriting information to assist underwriting in marketing and pricing individual accounts.
o Design, price, and evaluate rates and rating plans .
o Assist in developing risk management advisories and other publications
o Establish and maintain strong relationships with company actuaries and Schinnerer staff.
o Assist in development of new insurance programs
o Coordinate development of acturial database and related systems
o Good interpersonal skills for establishing and maintaining good client and internal relationships.
o Good analytical aptitude as demonstrated through academic experience or work assignments.
o Good ability to be organized and pay attention to detail.
o Good verbal and writing skills for complex communications with clients.
o Good ability to prioritize workload according to volume, urgency, etc.
o Good problem solving skills and aptitude.
o General knowledge of business principles and industry trends.
o Good computer skills for using Microsoft Office (Excel, Word, PowerPoint).
o Position requires a four year college degree in Actuarial Science or related quantitative field such as Mathematics or Statistics.
o Ten or more years of Property and Casualty actuarial experience.
o Associate (ACAS) or Fellow (FCAS), Casualty Actuarial Society.
o Extensive knowledge of insurance products, operations, and existing regulations; awareness of legal, political and environmental impacts on insurance product and operation.
o SAS or other statistical programming experience preferred.
Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, pension and 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: /. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us .
Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet employers

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