Lead Actuary, Product & Pricing Innovation

Summary

Join Coalition, a leading Active Insurance provider, as a seasoned insurance pricing leader to build our world-class actuarial pricing team. This role offers significant ownership and requires strong technical, communication, and leadership skills. You will develop, implement, and monitor innovative insurance pricing solutions, collaborating with cross-functional teams. You will leverage data-driven solutions to support business objectives and enhance operational efficiency. The ideal candidate will push boundaries, bring unique ideas, and explore new methods and technologies. This position offers a competitive salary and a comprehensive benefits package.

Requirements

• 10+ years of experience in Insurance pricing
• ACAS or FCAS certification
• Demonstrated ability to lead complex initiatives
• Undergraduate degree in Actuarial Science or any other related field
• Strong understanding of actuarial pricing & reserving concepts
• Strong understanding of the the cyberinsurance product, coverages and underwriting processes
• Excellent communication skills including ability to convey clear information to manager and team members, and ability to vulgarize complex technical concepts to non-technical audience
• Ability to work efficiently in a fast paced environment, and consistently meet deadlines
• Ability to take ambiguous problems and solve them in a structured data-driven way
• Ability to think long-term strategically and operationally, striking the right balance between short-term deliveries and long-term business outcomes
• Ability to influence partners and build strong relationships, creating win-win situations with them
• Ability to develop, assess and monitor numerous business metrics and use the acquired knowledge to optimize our pricing proposals

Responsibilities

• Lead cross-functional team initiatives, building out strategic workplan, roadmap, business case and OKRs and providing support and coaching to more junior actuarial analysts
• Develop a deep understanding of the dynamics of the insurance market place and use this knowledge to elaborate, manage, implement and monitor new innovative insurance solutions
• Work closely with the business to develop standardized monitoring dashboards to assess business performance and market trends and provide recommendations on the next best pricing actions
• SME to support the creation and maintenance of appropriate pricing risk governance controls
• Act as a peer-reviewer for complex pricing initiatives such as new pricing rating structure, capping structure, new risk signals proposals, etc
• Responsible to provide pricing transparency and rate review support for non-technical audience with innovative monitoring tools and strong communication channels
• Responsible for providing actuarial expertise support for the rating plan implementation process, automation & standardization initiatives
• Straddle the worlds of insurance, data science, engineering and security experts to shape the most suitable data-driven solutions
• Act as an ambassador for the actuarial team, fostering a solutions-driven approach and demonstrating a strong commitment in meeting the needs of our stakeholders

Preferred Qualifications

• Pricing experience in Cyber Insurance
• Pricing experience in Directors and Officers (D&O) insurance and/or any other relevant commercial pricing lines
• Experience in building and monitoring advanced pricing framework
• Experience working with external regulators
• Ability to build UI/UX design

Benefits

• 100% medical, dental, and vision coverage
• Flexible PTO
• Annual home office stipend and WeWork access
• Mental & physical health wellness programs like Headspace, Lumino, and more!
• Competitive compensation and opportunity for advancement