Senior Manager of Actuary
Posted on: 6 Feb 2021
Hoffman Estates, IL
Job Description
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
HomeServices
58490
Sears Holdings
Hoffman Estates, IL
Sears Holdings Corporation operates as an integrated retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies. It provides merchandise under the Jaclyn Smith, Joe Boxer, Route 66, Cannon, Adam Levine, Levi's, Lands' End, and Craftsman labels; Sears brand products, such as Kenmore and DieHard; and Kenmore-branded products. As of February 3, 2018, this segment operated approximately 432 Kmart stores. The Sears Domestic segment operates stores that provide appliances, consumer electronics/connected solutions, tools, sporting goods, outdoor living, lawn and garden equipment, apparel, footwear, jewelry, and accessories, as well as automotive services and products, such as tires, batteries, and home fashion products.
It also offers parts and services to builders, developers, designers, and commercial and residential customers; parts and repair services for appliances, lawn and garden equipment, consumer electronics, floor care products, and heating and cooling systems; home improvement services, such as siding, windows, cabinet refacing, kitchen remodeling, roofing, carpet and upholstery cleaning, air duct cleaning, and garage door installation and repair; and protection agreements and product installation services. This segment provides merchandise under the Kenmore, DieHard, WallyHome, Bongo, Covington, Simply Styled, Everlast, Metaphor, Roebuck & Co., Outdoor Life, and Structure brands, as well as under the Craftsman, Roadhandler, and Levi's, brands.
This segment operated 547 full-line stores and 23 specialty stores. Sears Holdings Corporation was founded in 1899 and is based in Hoffman Estates, Illinois. On October 15, 2018, Sears Holdings Corporation along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.
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IndustrySales/Retail
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No. of Employees89, 000
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Website
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Jobs Posted4019
