Job Details

Vice President Actuary and Product Development

Company name
Southern Guaranty Insurance Company

Experience
10 yrs required

Location
Clearwater, FL

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Profile

Summary:

The Vice President, Actuary and Product Development is a vital role to the success of Southern Guaranty Insurance Company (SGIC), providing both technical and strategic vision, expertise and leadership to the organization.  SGIC’s mission is to deliver peace of mind to middle-market Americans through innovative insurance products and services with a best-in-class digital experience.  The employees of SGIC will value, above all else, the total satisfaction of its policyholders and producers, will embrace technology, challenge legacy, make a positive impact on the community, enjoy the company of one another and have fun changing the way people think about and use insurance.

The position reports to the President and has responsibility to develop, price, certify and manage the financial performance of the insurance portfolio of the company.  The ideal candidate is an expert in the design and pricing of Supplemental Accident and Health insurance, has the ability to nurture strong working relationships with peers in marketing, sales, operations, compliance and IT. The individual will have a passion for measurable product performance, innovation, challenging the industry status quo, teamwork and executing towards end objectives.

This role is an incredible opportunity for an innovative and entrepreneurial individual willing to immerse him or herself in the rapidly evolving economic environment driving the need for supplemental insurance products, and translate those needs into leading-edge solutions for the policyholders of SGIC. 

The candidate will have multiple opportunities to impact on the organization through the following duties and responsibilities.

Essential Duties and Responsibilities:

  • Develop, design, price and define underlying retention and capital allocation models for a portfolio of supplemental Accident and Health Products
  • Participate in the negotiation and ongoing management of reinsurance relationships
  • Install and monitor performance measures to continuously evaluate the effectiveness of the product portfolio, suggest and propagate enhancements as necessary and appropriate
  • Stay current on trends in the supplemental product space, translate those trends into actionable strategic and tactical objectives for the company
  • Ensure solutions dovetail with the company’s Service Delivery Roadmap to create a “value in use” differentiator for the company
  • Work closely with the VP Service Delivery and VP Marketing and Sales to ensure service, product and sales are in harmony to produce company sales and profit objectives while delivering a unique and compelling consumer experience.
  • Manage risk identification and risk mitigation strategies associated with the financial performance of the products
  • Evaluate third party pricing software/system and provide leadership in selection, development and configuration recommendations to shared-services IT leadership.
  • Be the champion and spokesperson to ensure the company and all strategic partners understand the product being deployed
  • Identify and interact with stakeholders to make sure their needs are being met
  • Contribute to a culture of innovation inside and outside of the company as a visionary capable of inspiring through presentation, demonstration and leading by example
  • Understand and plan for evolutionary paths

Other Responsibilities:

  • Adheres to the policies and procedures of the company
  • Maintains strict confidentiality of client, company, and personnel information
  • Demonstrates a strong commitment to the mission and values of the organization
  • Performs other duties as assigned

Supervisory Responsibilities:   TBD

Competencies and Qualifications:

 Must Have:

  • 10 years product performance responsibility
  • A “leader/doer” mentality, adaptable and flexible to the constantly changing needs of a start-up business
  • Keen understanding of the use of data for a variety of purposes including; risk evaluation, product, capital allocation and reinsurance
  • Strong organizational, analytical, and interpersonal skills
  • Ability to dive in, understand the business, and the needs of internal and external customers
  • Detail oriented with a passion for quality
  • Presentation skills / experience with clients and at the C-suite level
  • Ability to multi-task and work independently

Education and/or Experience:

Bachelor’s degree or equivalent experience.

Certificates, Licenses, Registrations:

FSA Designation

Computer Skills:

Proficiency using actuarial pricing software and programs such as MS Word, PowerPoint, Excel, SharePoint and Outlook

Environmental Factors/Physical Demands:

Work is performed in an office environment. Travel will be required at roughly 30%.  While performing the duties of this job, the employee is regularly required to have the ability to maintain active customer and employee communication; access, input and retrieve information from the computer system; enter alpha-numeric data into a computerized system often while listening on the telephone. May be subject to repetitive motion such as typing, data entry and vision to monitor. May be subject to bending, reaching, kneeling, stooping and lifting up to thirty (30) pounds.

Company info

Southern Guaranty Insurance Company

Company Profile
Southern Guaranty Insurance Company ("SGIC") is a proud new member of the privately held Premier Family of Companies.  Acquired as a P&C shell this year, SGIC will launch a portfolio of Accident and Health products later this year and is currently assembling its leadership team under President Lane Kent. The company will deliver peace of mind to middle-market Americans through innovative insurance products and services with a best-in-class digital experience. The employees of SGIC will value above all else the total satisfaction of its policyholders and strategic partners, will embrace technology, continuously challenge the status quo, make a positive impact on the community, enjoy the company of one another, and have fun.

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