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PURE

PURE

Head of Actuarial Pricing

Head of Actuarial Pricing

Job Details
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Uploaded On
December 8, 2024
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Location
Chicago
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Remote?
No
Company Overview
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Headquarters
White Plains, NY
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Number of Employees
954
Estimated Number of Actuaries
22
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
71%
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Overall Score
4.0 / 5

Job Summary:

We are seeking an experienced and strategic Head Pricing Actuary to lead our actuarial pricing team. The ideal candidate will oversee all aspects of actuarial pricing for our P&C insurance products, driving profitability and growth through data-driven decision-making and innovative actuarial techniques.

Key Responsibilities:

·       Strategic Leadership: Lead the company's pricing strategy, manage the actuarial team, and contribute to overall business strategy.

·       Pricing and Product Development: Manage rating algorithms, support product development, and ensure profitability across all segments.

·       Advanced Analytics: Implement cutting-edge analytical methods and oversee the development of pricing and demand models.

·       Performance Assessment: Monitor product profitability, establish performance metrics, and propose improvements for underperforming areas.

·       Regulatory Compliance: Ensure adherence to regulations, manage rate filings, and interact with regulatory bodies.

·       Cross-functional Collaboration: Work with various departments, assist in implementing pricing tools, and explain complex concepts to non-technical audience.

·       Industry Engagement: Represent the company at industry events and stay current with actuarial trends and best practices.

Qualifications:

·        Fellow of the Casualty Actuarial Society (FCAS)

·        10+ years of actuarial experience in P&C insurance or reinsurance, with at least 5 years in a leadership role

·        Strong knowledge of ratemaking, reserving, and financial modeling

·        Expertise in predictive modeling and machine learning techniques

·        Excellent analytical and problem-solving skills

·        Strong leadership and team management abilities

·        Outstanding communication skills, both written and verbal

·        Proficiency in actuarial software and programming languages (e.g., Python, R)

·        Deep understanding of insurance regulations and filing processes

Preferred Qualifications:

·        Degree in Actuarial Science, Mathematics, or related field

·        Experience with multiple lines of P&C insurance or reinsurance

·        Knowledge of emerging technologies

The base salary for this role can range from $225K - $275K, based on a full-time work schedule. An individual’s ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.

Apply Now

Working at 

PURE

PURE is a member-owned insurer for high-net-worth individuals, offering coverage for high-value properties, automobiles, and personal excess liability. They are distinguished by their risk management services and claims handling, designed to deliver exceptional service and significant value.