Actuarial Manager, Pricing

At-Bay; Illinois; On-site; USD 175,000 - 205,000; Full time

Job summary

A leading InsurSec provider is seeking an Actuarial Manager to enhance pricing strategies while contributing to risk assessment frameworks. This role requires 6+ years of P&C pricing experience and strong proficiency in Excel and SQL. The Actuarial Manager will lead various pricing initiatives, collaborating with multiple teams to ensure project success. This is a senior-level position ideal for candidates aiming to advance their careers in a dynamic environment.

Qualifications

• 6+ years P&C pricing experience in an insurance or tech company.
• 1+ years in a managerial or mentorship role.
• Experience leading pricing projects cross-functionally.

Responsibilities

• Lead pricing projects from inception to implementation.
• Develop rate indication and adjust premiums using actuarial techniques.
• Collaborate with teams to develop products and pricing initiatives.

Skills

P&C pricing experience

Excel

SQL

Leadership

Data visualization

Education

ACAS or FCAS certification

Tools

Python

R

Job description

Drive Profitable Growth for the Business

At-Bay is the world’s first InsurSec provider designed from the ground up to help businesses tackle cyber risk head on. By combining industry‑leading insurance with world‑class cybersecurity technology, At‑Bay offers end‑to‑end prevention and protection for the digital age. With 98% of cyber insurance claims in the past five years coming from small and mid‑size businesses with revenue under $2B, providing an integrated solution to help manage risk is more critical than ever. At‑Bay helps its 40,000+ customers close their security technology and skills gap — all through their cyber insurance policy — making them less likely to be hit with a ransomware attack. As a full‑stack insurance company, At‑Bay offers multiple lines of specialty insurance, including Cyber, Tech E&O, and Miscellaneous Professional Liability (MPL) policies.

Your Impact

As an Actuarial Manager on the Pricing team, you will be working under the risk function with talented team members in modeling, risk analytics, decision engine, insurance and tech product. You will report to the Actuarial Pricing Director and lead projects to deliver pricing initiatives and strategies. Your work directly contributes to At‑Bay’s risk assessment framework that helps with data‑driven decisions involving millions of dollars of exposure. This is a multidisciplinary role that includes developing deep cyber and tech knowledge, business acumen, research, and analytical skills. This is also a hands‑on operational role where you’ll see in‑house submission, quotes and binds and understand how each risk decision will impact the business. This role is geared towards those with management experience or looking to take the next step in their career. This role will not have any direct reports to start, however will be operating at a senior level on the team and on a managerial track as we grow the function.

Responsibilities

• Lead a wide variety of pricing projects from inception to implementation, including existing rate plan updates and new product launches
• Develop and improve rate indication, including trending and adjusting premiums, losses and expenses, using appropriate statistical model and actuarial techniques
• Identify, advise and execute pricing initiatives to achieve functional strategies (often segment specific) on matters of significance, and present proposed initiatives to senior management
• Continue to provide input and strategically develop future team structure and appropriate reporting channels
• Collaborate with Insurance & Tech Product, Underwriting, Claims, and Decision Engine teams to develop products and deliver pricing initiatives
• Conduct forecasting analyses to understand the long term implications of current and proposed rate changes
• Facilitate reinsurance needs to illustrate the growth and profitability of the At‑Bay program
• Facilitate the risk review process and contribute to the At‑Bay’s risk committee meetings to support the pricing & underwriting strategy
• Create/improve tools and automate processes to improve the teams operational efficiency

Qualifications

• 6+ years P&C pricing experience in an insurance company/tech company/Insurtech/consulting company
• ACAS or FCAS certification
• 1+ years serving in a direct managerial, team lead, or mentorship capacity, showcasing your ability to lead and mentor Analyst staff
• Experience leading pricing projects from end to end, and collaborating and communicating cross‑functionally to ensure success
• Hands‑on experience with Excel, SQL as must and Python/R as strong preferred
• Strong data visualization skills, experience developing presentation materials and presenting them to leadership
• Plus if you have direct Cyber, Tech E&O, Miscellaneous Professional Liability (MPL) experience
• Prior experience working with captives and/or reinsurers is a plus

Our estimated base pay range for this role is $175,000-$205,000 per year. Base salary is determined by a variety of factors including but not limited to market data, location, internal equitability, domain knowledge, experiences and skills. In general, if the position sparks your interest we encourage you to apply - our team prioritizes talent.