US Actuarial Director

As the US Actuarial Director, you will lead a team of actuaries to design and maintain pricing models, ensure regulatory compliance, and drive profitability for commercial auto lines. This role involves analyzing trends, collaborating with cross-functional teams, and communicating complex actuarial insights to stakeholders and investors.

Key Responsibilities:

• Team Leadership: Lead, mentor, and develop an actuarial team in building and refining pricing models.
• Regulatory Compliance: Oversee adherence to industry regulations and professional standards.
• Pricing Model Development: Create and enhance pricing models to assess risks and profitability for commercial auto products.
• Data Analysis: Analyze large datasets to identify trends, inform pricing strategies, and support data-driven decisions.
• Cross-Functional Collaboration: Partner with underwriting, product development, and finance teams to align strategies with business objectives.
• Performance Monitoring: Continuously evaluate the performance of commercial auto insurance products, adjusting pricing models to ensure profitability and competitiveness.
• Stakeholder Communication: Present pricing reports and explain complex actuarial concepts to senior management, investors, and other stakeholders.
• Investor Relations: Act as the primary liaison for investor inquiries related to loss ratio, pricing, and reserving for commercial auto lines.
• Market Awareness: Stay informed of industry trends, regulatory changes, and emerging risks to adapt pricing strategies accordingly.
• Regulatory Support: Manage rate filings and ensure accurate submissions to regulatory bodies.
• Expertise Sharing: Provide actuarial advice and foster a data-driven culture across the organization.

Skills & Qualifications:

We’re more focused on aptitude and passion than a definitive checklist, but the following will set you up for success:

• Commercial Auto Expertise: Proven experience in commercial auto or fleet insurance with a deep understanding of this market segment.
• Quantitative Background: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• Regulatory Knowledge: Familiarity with insurance regulations and pricing compliance requirements.
• Actuarial Credentials: Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS) or an equivalent designation.
• Technical Proficiency: Expertise in tools like Excel, R, Python, SAS, SQL, or similar platforms for data analysis and pricing model development.
• Analytical Skills: A strong analytical mindset with attention to detail to assess risks and make informed decisions.
• Communication Skills: Ability to articulate complex actuarial concepts clearly to technical and non-technical stakeholders.
• Collaborative Experience: Demonstrated success working with underwriting and product teams to align pricing strategies.
• Preferred:
  • Experience with VC-backed companies and knowledge of the venture capital landscape.
  • Advanced skills in predictive modeling and machine learning techniques.

🎯 If you’re passionate about shaping the future of commercial auto insurance and thrive in a collaborative, data-driven environment, we’d love to hear from you!