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VP, Pricing - Workers Compensation

Primary Details

Time Type: Full time

Worker Type: Employee

The Opportunity:  In this role you will lead the actuarial team providing pricing services and strategic leadership for all Workers Compensation business. The role is business-facing and requires a high degree of creativity, self-direction, and communication skills to be successful.

Location: New York, NY, Chicago, IL, Atlanta, GA or Sun Prairie, WI highly preferred.

  • Work Arrangement: This role is a hybrid role, where you will be expected to be in the office 2-3 days per week. However, for the right candidate, fully remote will be a consideration.
  • The starting salary for this role is between $180,500.00 and $338,500.00

Your New Role:

•    Provide actuarial pricing analysis to deliver profitable growth for Workers Compensation. This includes development of pricing tools, portfolio analysis, filings, reinsurance strategy, and business planning
•    Partner with the Underwriting, Claims, Finance, and Data Science teams to ensure actuarial analysis incorporates business insight to solve large strategic issues
•    Lead the development and implementation of strategic, long-term risk management by collaborating across the business to reduce organizational exposure to loss
•    Partner with stakeholders at senior levels to assist in meeting their plan and strategic objectives by anticipating risk and market changes
•    Asses new business opportunities, monitor outside trends, analyze competition in the marketplace, and evaluate new product ideas
•    Recommend profitable rate-making and pricing structures by utilizing innovative actuarial techniques to advise top actuaries on courses of action for major product lines and markets
•    Implement effective pricing processes by partnering with insurance agents and gaining understanding of how business is written

Required Experience/Education/Certifications


• Bachelor's Degree or equivalent combination of education and work experience

• 7 years relevant experience

• Associate-Casualty Actuary Society (ACAS)

Preferred Competencies/Skills

• Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
•Identify complex problems and review related information to develop and evaluate options and implement solutions
•Lead changes to business processes leveraging technology in new and innovative ways
•Apply business and financial acumen
•Align job roles with performance, departmental and organizational objectives
•Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
•Identify complex problems and review related information to develop and evaluate options and implement solutions
•Visionary, fully engaged and entrepreneurial
•Inspire high level of trust with team, stakeholders, and across organization based on deep subject expertise and institutional knowledge
•Align job roles with performance, departmental and organizational objectives

Preferred Experience

•    10+ years of actuarial experience in Workers Compensation
•    Increasing levels of responsibility and prior managerial experience


Preferred Knowledge

•    Advanced working knowledge of current and possible future policies, practices, trends, technology, and information affecting the insurance industry
•    Advanced working knowledge of SAS, Python, and Microsoft Office (Excel, PowerBI)
•    Current and contemporary actuarial pricing techniques and best practices

Compensation Package: The salary range for this role is provided above. This is the national range for location(s) listed. The salary offer will be decided based on the role's complexity, its location, and the candidate’s professional background, including their education and experience. Beyond the base salary, regular full-time and part-time employees will also be eligible for QBE’s annual discretionary bonus plan based on business and individual performance. We encourage all candidates to apply, even if their salary expectations fall outside of this range, as we are committed to finding the right fit for our team.

QBE Benefits: We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to:

  • Hybrid Working – a mix of working from home and in the office
  • 22 weeks of paid leave for family growth, with 12 weeks available to all parents on a gender-equal basis
  • Competitive 401(k) program with company match up to 8%
  • Well-being program including holistic wellbeing coaching, gym membership, confidential counselling, financial and legal advice
  • Tuition Reimbursement for professional certifications, and continuing education
  • Employee Network and Community – QBE actively supports six Employee Networks, and many ways to give back to your community

To learn more, click here: Benefits | QBE US.

Why QBE?  What if you could have a positive impact – at work and in the world?

At QBE, we’re enabling a more resilient future – for our customers, communities, environment, and for our people. We’re building momentum to achieve something significant and know our people are at the center of our success.

Our industry offers interesting and varied careers where you can help people to protect what matters most. As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind. And our international scale means we’re big enough for your ambitions, yet small enough for you to make a real impact.

Join us now, so you can be part of our success – and we can be part of yours!

https://www.linkedin.com/company/qbe-north-america/

Commitment to Diversity

At QBE, we are deeply committed to fostering an inclusive workplace where each person is valued and respected for their authentic selves. If you require any assistance, such as alternative interview accommodation during the recruitment process, please do not hesitate to inform our Talent Acquisition team.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

Skills:

Actuarial Science, Coaching for success, Collaboration Tools, Commercial Acumen, Critical Thinking, Financial Risk Management (FRM), Influencing, Intentional collaboration, Managing performance, Navigating ambiguity, Reinsurance, Stakeholder Management, Strategic Management, Strategic Thinking, Team Management

Application Close Date: 01/09/2025 11:59 PM

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

Average salary estimate

$259500 / YEARLY (est.)
min
max
$180500K
$338500K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About VP, Pricing - Workers Compensation, QBE

Are you ready to take your actuarial career to the next level? QBE is on the hunt for a VP, Pricing - Workers Compensation to join our vibrant team in Chicago, Illinois! In this exciting role, you’ll lead the actuarial team in providing strategic pricing services that ensure profitable growth for our Workers Compensation business. We're looking for someone who can blend creativity with solid business acumen while effectively communicating with various teams across the company, from Underwriting to Finance. You’ll immerse yourself in the data, developing cutting-edge pricing tools and leveraging your analytical prowess to assess new business opportunities. Plus, this is a hybrid position that allows you to enjoy a balanced work-life while collaborating with senior stakeholders to drive long-term risk management strategies. With a competitive salary range between $180,500 and $338,500, plus an enticing benefits package including paid leave for family growth and a robust 401(k), we are committed to your professional growth and well-being. If you possess a Bachelor's degree, at least 7 years of experience, and are an Associate of the Casualty Actuarial Society (ACAS), we want to hear from you! Join us at QBE, where we believe you’ll make a significant impact on our future success and the communities we serve.

Frequently Asked Questions (FAQs) for VP, Pricing - Workers Compensation Role at QBE
What are the primary responsibilities of the VP, Pricing - Workers Compensation at QBE?

The VP, Pricing - Workers Compensation at QBE is responsible for leading the actuarial team that provides essential pricing analysis and strategic leadership aimed at ensuring profitable growth. This includes developing pricing tools, conducting portfolio analysis, and implementing effective pricing processes while collaborating with Underwriting, Claims, and Data Science teams.

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What qualifications are needed for the VP, Pricing - Workers Compensation position at QBE?

For the VP, Pricing - Workers Compensation role at QBE, candidates should hold a Bachelor's degree or equivalent educational background, along with at least 7 years of relevant actuarial experience. Additionally, being an Associate of the Casualty Actuarial Society (ACAS) is preferred, alongside strong analytical and communication skills to address complex business challenges.

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What skills are preferred for the VP, Pricing - Workers Compensation role at QBE?

Candidates applying for the VP, Pricing - Workers Compensation at QBE should demonstrate proficiency in actuarial science, financial risk management, and strategic thinking. Additionally, advanced knowledge of current insurance policies, SAS, Python, and Microsoft Office tools such as Excel and PowerBI are highly valued in this role. Strong leadership and collaboration skills are also essential.

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Is remote work an option for the VP, Pricing - Workers Compensation job at QBE?

Yes, while the VP, Pricing - Workers Compensation position at QBE is primarily a hybrid role requiring office presence 2-3 days a week, the company is open to considering fully remote arrangements for the right candidate. This flexibility is designed to help you maintain work-life balance while still contributing significantly to the team's success.

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What benefits does QBE offer for the VP, Pricing - Workers Compensation position?

QBE offers a competitive compensation and benefits package for the VP, Pricing - Workers Compensation position, which includes a generous hybrid working model, 22 weeks of paid family leave, a 401(k) program with company matching, tuition reimbursement for professional certifications, and comprehensive well-being programs.

Join Rise to see the full answer
Common Interview Questions for VP, Pricing - Workers Compensation
Can you describe your experience with developing pricing tools for Workers Compensation?

To answer this question effectively, highlight any specific projects you’ve completed in developing pricing tools. Discuss the methodologies you used, the challenges faced during the development, and how you collaborated with other teams to ensure the tools met business needs.

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What strategies have you used to partner with stakeholders in previous roles?

Share examples of how you have successfully engaged stakeholders in your past roles. Discuss specific strategies like regular communication channels, collaborative workshops, and leveraging data insights to align objectives, and highlight any positive outcomes that resulted from these partnerships.

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How do you assess market trends and competitor strategies in pricing?

Emphasize your analytical approach to assessing market trends. Talk about the tools and resources you use to gather data on competitors, how you analyze this data for insights, and how you have used findings to influence pricing strategies in the past.

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What is your approach to leading teams in a hybrid work environment?

Discuss the importance of communication and trust when leading virtual and in-office teams. Share techniques you employ to foster team engagement, such as regular check-ins, collaborative tools, and team-building activities that bridge the gap between remote and in-office staff.

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How do you incorporate creativity into actuarial pricing?

Illustrate how you balance data-driven decision-making with creative problem-solving. Provide examples of innovative pricing strategies or tools you’ve developed that showcase your creativity while effectively addressing business challenges.

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What methods do you find most effective in risk management?

Explain your approach to risk management, focusing on methods like scenario analysis, predictive modeling, and portfolio analysis. Share any specific tools or frameworks you have used effectively to mitigate risk in previous roles.

Join Rise to see the full answer
Can you describe a significant challenge you faced in pricing and how you overcame it?

Use the STAR method (Situation, Task, Action, Result) to outline a specific challenge you encountered in pricing, detailing how you addressed it through analysis and collaboration, and what the final outcome was.

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How do you maintain industry knowledge and stay updated on changes in insurance policies?

Discuss your commitment to continuous learning through professional development, participating in industry conferences, and staying connected with professional networks. Mention any relevant publications or resources you regularly consult.

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What role does data science play in your pricing strategies?

Elaborate on how you leverage data science, discussing techniques such as predictive analytics, machine learning models, or data visualization tools that you have utilized to derive pricing strategies and improve decision-making.

Join Rise to see the full answer
Describe how you would implement a new pricing structure.

Provide a detailed plan outlining your approach to implementing a new pricing structure. Discuss the initial research phase, formulation of new strategies, stakeholder engagement, and how you would communicate and train the team on the new structure.

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Our Purpose QBE - enabling a more resilient future At QBE we’re driven by our purpose of enabling a more resilient future – helping those around us build strength and embrace change to their advantage. Our Vision To be the most consistent and ...

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Full-time, hybrid
DATE POSTED
April 2, 2025

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