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Actuary Sr- Market Pricing

Date: Nov 20, 2021

Location: Boston or Webster, MA, US

Company: MAPFRE

The Actuary Sr develops actuarial analyses, with a focus on either pricing or reserving, in accordance with CAS (Casualty Actuarial Society) principles. These analyses will directly contribute to the overall performance of the actuarial area and other departments across the organization, with the opportunity to improve the overall the results of the company.


As the analyses typically rely upon complex processes, with the potential to change in connection with the organization’s needs, the Actuary Sr will be accountable for ensuring that the processes are kept up-to-date and free of errors. The Actuary Sr therefore acts as the SME (subject matter expert) for the actuarial analyses carried out, detailing the inputs and conclusions to others in the organization and external stakeholders. The Actuary Sr will also be prepared convince both internal and external stakeholders of the correct actions to be taken as a result of the analyses.


If it is believed that foundational changes to existing processes will materially improve performance, the Actuary Sr will recommend such changes to actuarial management. To the extent that such changes are implemented, the Actuary Sr will be responsible for knowing the implications of the changes and being able to communicate them to internal and external stakeholders, ensuring a smooth transition.


Essential Duties:



  1. Develops and performs pricing analysis for selected property and casualty insurance products offered by MAPFRE Insurance. Such analyses include:
    1. Loss and adjustment expense development trends
    2. Analysis of other expenses, including trends
    3. Analyses of other components of actuarially sound rates, including investment income, profit allowances, and contingency allowances
  2. Quantifies the competitiveness of rates, including analyzing the impact on insureds of proposed rate changes, through the development of policy premium scenarios and other analyses
  3. Performs analysis, and develops recommendations, relative to the pricing of new or revised coverages, and relative to potential structural changes in product pricing (class plans, amount of insurance relativity curves, etc)
  4. Negotiates with senior members of management within the organization, as well as external stakeholders, to ensure that the analyses are interpreted correctly and that appropriate action is taken


Knowledge and Technical Skills:



  • Bachelor's Degree or higher
  • 6 - 8 years of experience in related roles
  • Thorough knowledge of Microsoft Office
  • Thorough knowledge of either SAS or SQL
  • Thorough knowledge of insurance operations, accounting, and regulation
  • Experience carrying out complicated quantitative analyses for insurance companies or similar organizations; preferably related to products similar to MAPFRE’s
  • General knowledge of applicable industry practices, standards, and concepts
  • General knowledge of reinsurance and its implications on the area of focus
  • General knowledge of capital management and risk management
  • Ability to use these skills to modify existing processes or innovate new processes



  • Credit for at least five exams on the current CAS syllabus
  • Experience with Emblem 
  • Experience with Earnix, R, or Insure Quote preferred 

Experience with managing new and existing data sources, as well as building complex processes off of them from scratch




At MAPFRE, the safety of our employees matters. We have taken vital steps across all offices from the improvements to our air ventilation, the installation of touch-free devices, to embracing social distancing and requiring medical self-screening to ensure the safety of our employees. We embrace the ability to collaborate with peers in-office, while also offering a flexible work arrangement for many roles in our organization. 




If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com.


We are proud to be an equal opportunity employer.

Nearest Major Market: Boston

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