Job Category: Actuary Director
Job Type: Full Time
Job Location: New Jersey

We are seeking an experienced actuarial leader to head and manage pricing professionals aligned with the business. The Actuary & Director will collaborate with business and support teams on strategy, risk selection, pricing, and portfolio optimization. This role will drive profitability, develop cutting-edge actuarial strategies, and foster a high-performing, inclusive team culture.


Key Responsibilities

Strategic Leadership

  • Own the results of Lexington Professional Lines, partnering with business leaders to develop and execute strategies focused on profitability and long-term organizational goals.
  • Conduct profitability studies and deliver segment-level rate and retention recommendations.
  • Lead the implementation of advanced analytics, predictive modeling, and segmentation analysis to enhance business capabilities.

Actuarial Guidance

  • Develop and recommend initial plan loss ratios as part of the annual planning process, considering underwriting actions and changes in business mix.
  • Enhance rating methodologies and pricing tools to reflect evolving market, economic conditions, and product offerings.
  • Provide regulatory guidance, including rate filings for admitted products.

Training and Oversight

  • Train underwriters on pricing tools and strategies while offering transactional pricing support for complex accounts.
  • Oversee special projects, compiling and summarizing findings to inform strategic decisions.
  • Drive process improvements to enhance efficiency, reduce manual effort, and ensure data accuracy.

Team and Culture Development

  • Foster a collaborative, diverse, and inclusive culture within the team.
  • Attract, retain, and develop top industry talent, creating opportunities for growth and professional development.
  • Champion a forward-thinking culture, exploring new technologies, techniques, and methodologies to maintain a competitive edge.

Data and Metrics

  • Monitor and enforce consistent business metrics and data quality standards.
  • Manage decentralized data where necessary and promote high-quality data practices.

Qualifications

Education and Certification

  • Fellow of the Casualty Actuarial Society (FCAS) with at least 10 years of actuarial experience.
  • Experience in professional lines and multifunctional actuarial areas such as pricing, reserving, and analytics.

Leadership and Collaboration

  • Proven ability to lead and motivate a team, enforce accountability, and position team members for success.
  • Exceptional communication skills, including the ability to present clear and concise analysis to senior management.
  • A collaborative mindset, capable of influencing business stakeholders and cross-functional leaders.

Analytical and Strategic Skills

  • Demonstrated expertise in dissecting complex business issues, conducting research, and formulating value-driven strategies.
  • Strong technical skills combined with the ability to think strategically and execute hands-on when necessary.
  • Comprehensive knowledge of business, regulatory, and market trends, including competitors and emerging technologies.

Additional Attributes

  • Willingness to learn and adapt in a fast-paced environment.
  • Strong work ethic, resilience, and ability to embrace challenges.
  • Proactive in driving change and overcoming resistance when necessary.

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