Job Description
The Director, Property & Casualty Actuarial Pricing and Modeling
Job Summary
The Director, Property & Casualty Actuarial Pricing and Modeling will lead the development, implementation, and enhancement of pricing strategies, actuarial models, and analytical tools to support profitable growth across the company’s P&C product lines. This role will oversee a team of actuaries and analysts, partner with underwriting and product teams, and provide strategic insight to senior leadership on market trends, portfolio performance, and risk assessment.
COMPENSATION:
- $170,000 - $200,000/year
- Competitive compensation, bonus opportunities, and comprehensive benefits package.
RESPONSIBILITIES:
- Direct the design, development, and refinement of pricing models for all P&C products.
- Oversee competitive analysis and recommend pricing strategies to maintain market competitiveness while achieving profitability targets.
- Develop predictive models, segmentation analyses, and other advanced analytics to assess risk and improve pricing accuracy.
- Ensure actuarial methodologies and assumptions align with corporate objectives and industry best practices.
- Partner with underwriting, product management, claims, and finance to support data-driven decision-making.
- Present findings and recommendations to senior leadership and contribute to strategic planning initiatives.
- Lead, mentor, and develop a team of actuaries and data analysts.
- Foster a culture of innovation, collaboration, and continuous learning within the actuarial department.
REQUIREMENTS:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field; advanced degree preferred.
- ACAS or FCAS designation required.
- 10+ years of P&C actuarial experience, with at least 5 years in a leadership role focused on pricing and modeling.
- Strong understanding of personal and/or commercial lines insurance products, rate-making methodologies, and regulatory requirements.
- Proficiency in statistical modeling tools and programming languages (e.g., R, Python, SQL, SAS, Emblem, Radar).
- Exceptional analytical, problem-solving, and strategic thinking skills.
- Proven ability to lead teams, manage complex projects, and communicate effectively to both technical and non-technical audiences.
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