Director – Actuarial

Role Overview

• Lead the actuarial department in developing and implementing pricing strategies, loss reserving methodologies, and risk management frameworks.
• Collaborate with senior leadership to provide actuarial insights that align with the company's business objectives and support growth, profitability, and sustainability.
• Develop and refine actuarial models to support product development, reinsurance structuring, and portfolio optimization.
• Oversee the pricing of new and existing insurance products, ensuring they are competitive while maintaining profitability.
• Work closely with product managers, underwriters, and finance teams to support the development of new insurance offerings by providing actuarial analysis and recommendations.
• Ensure pricing models are up to date and reflect current market trends, claims experience, and regulatory requirements.
• Oversee the establishment of accurate loss reserves, ensuring compliance with statutory and regulatory standards.
• Develop long-term financial forecasts, including projections of premium income, claims costs, and reserve requirements.
• Provide actuarial inputs to support quarterly and annual financial reporting, including statutory filings, solvency reporting, and other regulatory submissions.
• Lead, mentor, and develop a team of actuaries and analysts, fostering a culture of continuous learning and professional development.
• Conduct performance reviews, provide constructive feedback, and implement training programs to enhance the team’s technical and leadership skills.
• Promote collaboration within the actuarial team and across departments, ensuring a cohesive and aligned approach to achieving business goals.

Requirements

• 10 years of actuarial experience, with at least 3-5 years in a leadership role.
• Technical knowledge of actuarial methods, pricing, reserving, and risk management in the insurance industry (property, casualty).
• Demonstrated success in leading and mentoring actuarial teams, with a focus on collaboration and innovation.
• Experience with actuarial software (e.g., SAS, Python, Databricks) and advanced proficiency in Excel, SQL, and data analytics tools.
• Communication and presentation skills, with the ability to translate complex actuarial concepts into actionable business insights.
• Analytical, problem-solving, and decision-making abilities.
• Familiarity with regulatory requirements and industry trends affecting the insurance sector.

Tech Stack

• Python
• SQL

Benefits

• Medical & Prescription Insurance
• Health Savings Account
• Dental Insurance
• Vision Insurance
• Short and Long Term Disability
• Flexible Spending Accounts
• Life and Accidental Death & Disability
• Accident and Critical Illness Insurance
• Employee Assistance Program
• 401(k) Plan with Company Match
• Pet Insurance
• Paid Time Off. Standard first year PTO is 17 days, pro-rated based on month of hire.
• Enhanced PTO may be available for experienced candidates
• Bonus eligible based on performance