Delegated Business Pricing Actuary - Delegated Portfolio

Key Responsibilities

• Evaluate existing and new programs using actuarial techniques to assess portfolio profitability, performing deep dives into detailed segmentation
• Drive innovation by designing, programming, and maintaining essential tools for pricing and portfolio monitoring
• Conduct structural analysis and provide actionable recommendations based on pricing insights to optimize program performance
• Recommend changes to program structure, including share, attachment point, terms, and commission structure
• New program due diligence: New and renewal relationships
• Collaborate with our Delegated Underwriting team to identify new Delegated Managing General Agent/Underwriter (MGA/MGU) relationships
• Assess MGA/U books of business and management team for pricing, claims handling, financial, operational, and technology quality, including the MGA/U’s insurance product’s value proposition and market fit
• Conduct actuarial modelling to recommend appropriate sliding scale commission structures, and accruals/payments based on contract term
• As needed, support due diligence projects for MGA/U mergers and acquisition (M&A) activity and/or divestment
• Portfolio Monitoring & Insights
• Track portfolio rate changes, pricing adequacy, and shifts in underwriting mix for new and renewal business, providing insights to guide Program Managers in making informed decisions
• Data and Technology
• Lead data business requirements and testing for actuarial related analyses for our new data lake
• Evolve bordereaux ingestion approaches and technology to modernize data capture, tracking and analysis
• Become MSIG USA’s business domain leader on delegated premium, exposure, and loss data use to support the business unit
• Drive automation of existing and new analyses into model updates, analytics, and dashboards
• Collaboration & Leadership
• Partner with underwriting, product development, and program managers to guide pricing decisions
• Provide trusted council and advice to Delegated Underwriting Leadership on difficult Go/No-Go decisions, as well as to the CFO on financial accruals and peg loss ratios
• Act as a liaison with Program Managers, supporting negotiations on terms and structures by leveraging pricing analysis and strategic insights
• Mentor junior team members within Actuarial, the Delegated Authority business unit, and business partners in Finance, Claims, Underwriting, and Technology
• Present findings and recommendations to senior leadership

Qualifications

• ACAS or FCAS designation (or near completion)
• 5-10+ years of P&C actuarial experience, including program or specialty lines pricing
• Strong proficiency in actuarial software and programming (Python, R, SQL, VBA preferred)
• Experience with delegated authority programs and MGA pricing models is a plus
• Excellent communication skills and ability to influence cross-functional teams

Compensation & Benefits

Competitive Compensation Package Includes Competitive salary commensurate with experience along with a performance-based bonus.

SALARY: The estimated salary range for this position is $150,000–$200,000 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.

Additional Benefits:

• Healthcare and Retirement Benefits
• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit-sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&D) insurance
• Flexible spending programs
• Short-term and long-term disability plans
• Additional Benefit Programs
• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts