Academy Senior Property and Casualty (P/C) Fellow
The American Academy of Actuaries seeks a senior fellow responsible for helping communicate the Academy’s message on casualty actuarial issues to the public and to public policymakers. The Senior Property and Casualty fellow interacts directly with federal and state regulatory and legislative officials, other public policy stakeholders, and the media on property and casualty insurance topics. The position reports to the Director, Public Policy. Job responsibilities include providing legislative and regulatory comments, briefing media, and making public presentations on P/C insurance topics.
Senior P/C Fellow—Job Description
Primary responsibilities:
- The Senior Property and Casualty Fellow is responsible for helping to communicate the Academy’s perspectives on P/C insurance issues to the public. The Senior P/C Fellow serves as the primary contact on behalf of the Academy with federal and state regulatory and legislative officials, other public policy stakeholders and the media on P/C insurance issues. The Senior P/C Fellow also provides actuarial and policy analysis and guidance on P/C issues to the Casualty Practice Council, Academy staff, and appropriate external audiences.
Specific job responsibilities and requirements include the following:
- Work cooperatively with the Casualty Practice Council and Academy public policy and communications staff to prioritize the activities of and carry out the functions of the Senior P/C Fellow.
- Act as a key representative of the Academy in working with Congress, National Association of Insurance Commissioners, state departments of insurance, and legislators at the state, federal, and international levels. Engage with external parties as needed.
- Coordinate, recommend, and develop efficient and effective research and studies (could involve data compilation and analysis directly or through research partners) to support the public policy work of the Academy.
- Be a source of expertise on current practices for reserving, ratemaking, and enterprise risk management, along with the requirements and the issues involved in changing those requirements both in the U.S. and abroad.
- Coordinate with the Academy’s other senior actuarial fellows, volunteers, and professional staff on interdisciplinary/cross-practice issues consistent with the mission of the Academy and the strategic directions of the Casualty Practice Council, including issues in the public interest.
- Provide actuarial and policy analysis and guidance on issues involving P/C lines of insurance to Academy members appearing before international professional and regulatory and accounting/financial reporting standard-setting entities.
- Develop and maintain a proactive role in helping create and communicate the Academy’s message on P/C issues, maintaining consistency with published and developing work of the Casualty Practice Council. Work to ensure a timely response and proactive input by the Academy on behalf of the U.S. actuarial profession internationally (e.g., International Actuarial Association, International Association of Insurance Supervisors, International Accounting Standards Board, etc.) on general insurance developments.
- Coordinate, as appropriate, with other actuarial organizations on behalf of the Academy.
Qualifications/Requirements:
- An MAAA is required and an FCAS designation from the Casualty Actuarial Society is preferred.
- At least ten (10) years of experience in property and casualty insurance actuarial practice. Candidates must have a thorough knowledge of business and financial issues, as well as the ability to think strategically.
- Experience in more than one area of practice (commercial, personal, pricing, reserving, ERM, etc.) is preferred.
- Must be able to use the high visibility of the position to develop and maintain effective professional relationships, and appropriately represent the Academy to external audiences and the general public.
- Intermediate-level knowledge of Microsoft Office programs (Word, Excel, PowerPoint).
- Expected to work from the Academy’s offices in Washington, D.C., to maximize effectiveness and to be available to federal policymakers on breaking events.
- The Senior P/C Fellow may work as an independent consultant on contract with the American Academy of Actuaries on a half-time basis. We are also open to offering a full-time staff/salaried position to qualified candidates.
Critical skills:
- Ability to communicate effectively and persuasively at all levels of the organization—both orally and in writing.
- Public speaking skills.
- Ability to build rapport, resolve conflict, and create consensus among a diverse group of stakeholders.
- Knowledge of P/C insurance industry actuarial practice and evolving issues.
- Ability to find creative and cost-effective solutions to problems.
- Ability to define and implement effective processes.
- Ability to work collaboratively with other leaders, team members, key volunteers, and stakeholders and demonstrate recognition of the value of team expertise.
- Knowledge and understanding of the congressional legislative processes.
- An understanding of the regulatory structure at the state, federal, and international levels is desired.
- Current contacts with legislative and regulatory stakeholders at the state and federal levels are desirable.
To apply, please send your resume along with a cover letter and salary requirements to Gail Ingram, HR Manager, American Academy of Actuaries via e-mail HR@actuary.org or fax (202) 872-8301. Visit the Academy’s website at www.actuary.org.
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