Reinsurance Lead Actuary
Why Join the Team?
At Novacore, we’re not your average insurance company. We’re a team of driven professionals passionate about redefining the specialty insurance experience for our agents, carrier partners — and for each other. We specialize in tailored solutions for niche industries, powered by advanced analytics, modern technology, and a culture of innovation.
Responsibilities
Own the actuarial pricing for SUI's casualty facultative book — experience and exposure rating, loss picks, and renewal assumptions — partnering closely with underwriters.
Build the pricing and portfolio-steering framework for SUI's growth lines: property facultative, broker facilities, and casualty treaty.
Perform loss ratio analysis, rate adequacy reviews, trend studies, and experience monitoring across the reinsurance book.
Stand behind your numbers — explain methodologies, loss picks, and renewal outcomes to underwriters, cedents, brokers, and leadership.
Help shape how SUI grows — from a single casualty fac program into a multi-line reinsurance platform — bringing the actuarial lens to new-line launches and facility design.
Evaluate exposure, aggregation, and cat where it touches the book; support structuring and capacity decisions.
Bring rigor to portfolio construction: which risks, at what price, at what attachment, for what return.
Be comfortable marketing programs, updates, and new initiatives to carrier partners.
Build SUI's data-science infrastructure from the ground up — the pipelines, the rating tools, the dashboards, the data architecture that the whole division will run on.
Apply modern data science — predictive modeling, GLMs, gradient boosting, clustering — to reinsurance pricing and portfolio problems.
Leverage AI tools (LLMs, agentic workflows, Claude) to automate and augment the work.
Modernize legacy spreadsheet-driven workflows into something you'd actually be proud of.
Sit on the Chief Actuary's leadership team — your work and your judgment shape strategy, not just spreadsheets.
Work directly with underwriting, claims, data engineering, analytics, and leadership across Novacore.
Contribute to tech-stack decisions — you'll evaluate platforms, prototype solutions, and build the reinsurance actuarial infrastructure.
Qualifications
A strong grounding in mathematical statistics, actuarial science, and practical (re)insurance fundamentals.
Reinsurance experience strongly preferred — treaty and/or facultative pricing, on the carrier, reinsurer, or broker side.
P&C and commercial-lines background; casualty exposure a plus given where SUI starts.
Progress toward CAS designation is valued; ACAS/FCAS is a plus but not required — we care more about what you can do than what letters follow your name.
Programming proficiency in Python, R, and/or SQL — you don't need to be a software engineer, but you should be comfortable building things, not just running macros.
Hands-on experience with experience rating, exposure rating, and reinsurance pricing tools (e.g. Aon Altair, MetaRisk, or homegrown equivalents).
Familiarity with modern data tools: version control (Git), cloud platforms, BI tools (Power BI, Tableau), or notebook environments (Jupyter).
The AI-Native Mindset: You already use AI tools in your daily workflow — not because someone told you to, but because you can't imagine working without them.
Curious about how LLMs, agentic frameworks, and automation can transform traditional reinsurance workflows.
Willingness to prototype, experiment, and ship — not just theorize.
The Human Stuff: Hunger, conscientiousness, and a genuine desire to learn and grow into a leader.
Comfort operating in ambiguity — this is a division being built, not a mature book with documented SOPs.
Ability to communicate complex actuarial concepts to non-actuarial stakeholders — underwriters, cedents, brokers, leadership.
The judgment and presence to own the actuarial voice in the room.