Actuary II

About the role

Predominately remote position with a requirement to be in the NYC office every Wednesday. The purpose of this job is to develop pricing and underwriting tools, automate ratemaking processes, and provide strategic pricing recommendations based on in-depth profitability analysis to optimize business profitability and improve pricing accuracy through actuarial methodologies, technologies, and rate filings. This role will perform and communicate pricing goals for large accounts, excess, and non-admitted business, as well as perform reinsurance pricing and reserving estimation.

Responsibilities

• Develop and maintain pricing and underwriting tools, such as policy rating models and large account pricing tools to provide pricing accuracy and facilitate data-driven decision-making across functions.
• Provide strategic insights and recommendations to inform company pricing strategies and portfolio management, leveraging data such as ultimate loss ratio, frequency and severity loss trends, sold-to-manual ratio, and other key performance metrics to optimize profitability outcomes.
• Partner with underwriting and product development to analyze and enhance risk selection criteria, policy terms, and rating variables.
• Automate ratemaking processes and actuarial reporting for operational efficiency.
• Communicate complex actuarial concepts and findings to non-technical stakeholders, including senior leadership.
• Lead special projects and perform additional duties as requested.

Requirements

• Bachelor's degree from an accredited institution in Actuarial Science, Mathematics, Statistics, or a related field.
• Minimum 10 years of professional experience specialized in the actuarial field.
• ACAS designation required; FCAS designation preferred.

Skills

• Proficient in Excel (VBA), PowerPoint, Word, and SQL or other programming languages (e.g., R and Python).
• Working knowledge of PowerBI or Tableau preferred.
• Strong ability to quickly learn new programming languages or software.
• Strong ability to resolve problems and develop action plans.

Pay

The salary range for this role is $122,300 - $235,500. The listed annual salary range is subject to change and may vary depending on performance, education, experience, skills, geographic location, travel requirements, demonstrated proficiency in the competencies required for the role, and business needs. Base pay is one component of the total compensation package, which also includes eligibility for an annual discretionary bonus based on performance.

Schedule

Predominately remote with a requirement to be in the NYC office every Wednesday.