Senior Manager of Actuary in Hoffman Estates, IL at Sears Home Services

Date Posted: 12/30/2020

Job Snapshot

Job Description

Req/Job ID: 999394BR
Employing Entity: Transform SR Holding Management LLC
Employment Category: Regular, Full-time
Job Function: Finance/Accounting
Store ID: 58490: Sears Roebuck & Co.

The Senior Manager of Actuary is responsible for providing oversight of underwriting management of various Service Contract products through analytics and reporting. Products include but are not limited to Protection Agreements, Home Warranties, Extended Product Warranties, and more within Home Services Division. This position supports the Protection Business and Sears Home Services through broad-based business reporting and analysis, including fulfillment cost development and forecasting, service incidence rate analysis, , and profitability analysis. Additionally, this position is an integral part of cross-functional business teams in business development projects that span across the entire Home Services portfolio.

Job Requirements

Job Responsibilities:
  • Determines protection product cost via accepted actuarial processes leveraging historical frequency and severity data leveraging existing costing tool and developing ad hoc costing as needed.
  • Discovers and projects fulfillment costs using comprehensive data analysis, competitive information, market trend information and field input, including extensive interaction with 3rd Party Underwriting Partners, Product Development, Product Management, Marketing, Finance, Sales. Engineering, and Product Buyers.
  • Designs, implements and refines price and cost models for the protection product portfolio.
  • Participates with the Product Management team in the design, implementation of price and feature offerings.
  • Participates in Service Contract projects providing analytical support that extend beyond the scope of the current business portfolio
  • Interacts with Home Services Finance to review and forecast Protection Agreement service call and other expense trends.
  • Monitors and manages key aspects of the portfolio, occasionally presenting reviews to senior management and other business partners.
  • Works with actuarial teams of underwriting partners to align on their analysis as it pertains to elements that impact Transform's commissions.
  • Performs supervisory functions, including but not limited to, making employment decisions regarding hiring, promoting, demoting and terminating, conducting performance appraisals and coaching and developing associates.

Job Requirements:
  • 5+ years of relevant work experience
  • Advanced skills in costing and actuarial analysis
  • Experience in underwriting analysis, preferably in the warranty/extended warranty industry
  • Strong written and oral communication skills
  • Strong collaborative and influencing skills
  • Ability to manage multiple priorities in a fast-paced environment with limited supervision.
  • Effective analytical and problem-solving skills
  • Superior presentation skills (both oral and written)
  • Microsoft computer skills, including Word, Excel, Project, Access, and Business Objects
  • Ability to query databases for required information