Head of Actuary

About the role

MGT Insurance is the first AI‑driven neo‑insurer focused on evolving commercial P&C insurance for brokers and small business owners. The Head of Actuarial will own both pricing and reserving for the AI‑native commercial P&C carrier, reporting to the Head of Insurance. This senior‑most actuarial seat sets actuarial strategy, builds models, rate filings, and reserve estimates, and serves as the actuarial voice into MGT’s AI underwriting agent (Athena), ensuring pricing logic and risk selection are actuarially sound. The role is hybrid, requiring a minimum of three days onsite per week in Denver, CO; Madison, WI; or San Francisco, CA.

Responsibilities

• Own MGT's pricing function including rate indications, rating plan design, rate filings, classification and territory relativities, and schedule rating logic across lines of business
• Own MGT's reserving function — quarterly reserve estimates, IBNR analysis, loss development studies, and reserve adequacy testing
• Serve as the actuarial sign‑off for rate filings submitted to state insurance departments; partner with Legal and Compliance on regulatory rate justification
• Partner with Underwriting on rate adequacy by class, segment, and geography — flagging pricing inadequacy or opportunity as the book develops
• Serve as the actuarial SME for Athena, MGT's AI underwriting agent — validating that pricing logic, appetite signals, and risk scoring embedded into the platform are actuarially sound
• Own loss trend analysis and translate findings into pricing and underwriting guideline recommendations
• Partner with Finance on reserve‑related financial reporting, statutory filings, and audit support
• Contribute actuarial perspective to reinsurance treaty structuring, submissions, and loss pick discussions
• Present pricing and reserving results to the Co‑CEOs, board, and external