Delegated Business Pricing Actuary - Delegated Portfolio
Core
Lead pricing strategy and portfolio underwriting for delegated authority programs and specialty commercial lines, ensuring competitive yet profitable pricing.
Role type
Senior P&C actuary (delegated authority)
Builds
Pricing models, commission structures, and portfolio monitoring tools for commercial insurance
Domain
Property & Casualty insurance, delegated authority, MGA pricing
Deliverable
production ML models | product features | dashboards & analysis
Required skills
P&C actuarial experience, program/specialty lines pricing, actuarial software proficiency, Python, R, SQL, VBA, delegated authority program knowledge, MGA pricing models
Preferred skills
ACAS or FCAS designation, near completion of designation
Technologies
Python, R, SQL, VBA
Responsibilities
Evaluate existing and new programs using actuarial techniques to assess portfolio profitability; design, program, and maintain tools for pricing and portfolio monitoring; conduct structural analysis and provide recommendations to optimize program performance; recommend changes to program structure including share, attachment point, terms, and commission structure; assess MGA/U books of business and management teams for pricing, claims, financial, operational, and technology quality; conduct actuarial modeling to recommend sliding scale commission structures and accruals; track portfolio rate changes, pricing adequacy, and shifts in underwriting mix; lead data business requirements and testing for actuarial analyses; evolve bordereaux ingestion approaches and technology; partner with underwriting, product development, and program managers to guide pricing decisions; mentor junior team members within Actuarial and business partners
Seniority
Senior, hands-on IC with leadership responsibilities