Founded over 150 years ago, PNC is a financial services corporation that works with retail, business, and corporate clients and has assets totaling more than $2
Underwriter III - Commercial
Location
Pennsylvania + 2 moreAll locations: Pennsylvania | Maryland | New Jersey
Posted
5 days ago
Salary
0
Seniority
Senior
No structured requirement data.
Job Description
Underwriter III - Commercial
PNC
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Role Description The Associate Actuary will be on a shared services Actuary team. This role serves as a technical lead and strategic partner, responsible for executing complex actuarial analyses in pricing, reserving, and predictive modeling. Will work closely with cross-functional teams including Underwriting, Claims, and Finance to provide data-driven insights that ensure long-term profitability. What you can expect: - Pricing & Rate Adequacy: - Develop and maintain pricing models and rate adequacy monitoring tools. - Conduct trend and market analysis research to support the development of sound rate recommendations and regulatory filings. - Reserving: - Perform internal quarterly and annual loss and loss adjustment expense (LAE) reserve analyses. - Data Analytics & Modeling: - Design and execute complex data analyses using advanced statistical techniques. - Build and refine predictive models to improve risk segmentation and identify emerging trends. - Strategic Communication: - Translate technical actuarial findings into actionable business insights for senior leadership, board members, and regulators. - Mentorship & Leadership: - Provide peer review and technical guidance to junior actuarial analysts. - Foster a culture of technical excellence and continuous improvement within the team. - ADDITIONAL DUTIES: - Other duties as assigned. Qualifications - Must be an ACAS or near ACAS. A commitment to achieving Fellowship (FCAS) is highly preferred. - 5+ years of professional experience in the P&C insurance industry, with a proven track record in pricing, reserving or predictive modeling. Experience with WC. - Familiarity with the distinct operational and data requirements of an MGA or subsidiary structure. - Expert: Microsoft Excel - Advanced: SQL for data extraction and manipulation. - Intermediate: Python or R for predictive modeling. - Strong problem-solving abilities with high attention to detail and accuracy. - Excellent oral and written communication skills, with the ability to explain complex concepts to non-technical stakeholders, and explain and defend technical concepts to a technical audience. - Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative field. Benefits - Diverse benefit offerings for medical, dental and vision. - 20 paid days off your first full year plus 9 paid holidays. - 401k Matching: Up to 6%! - Performance Based Incentive Plan. Salary Range $115,500 — $139,500 USD
Associate Actuary
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