Actuarial Product Owner

Vertex Solutions Inc.; Farmington (CT); On-site; USD 96,400 - 159,100; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Job summary

A global insurance firm is seeking an AVP Actuarial Product Owner to drive the vision and strategy for digital actuarial products. You will lead teams, collaborate with business stakeholders, and ensure product compliance, all while fostering innovation and efficiency in the actuarial domain. This role is based onsite in Connecticut, New Jersey, or New York City and offers competitive compensation including base salary and bonuses.

Qualifications

• Minimum of 5 years of experience in product management roles.
• Strong background in insurance, particularly in pricing and reserving.
• Experience leading complex projects and teams.

Responsibilities

• Lead actuarial product teams to enhance digital products.
• Define and communicate product vision and strategy.
• Conduct market research for product decisions.

Skills

Actuarial pricing knowledge

Leadership in product teams

Cross-functional collaboration

Agile methodologies

Market analysis

Education

Bachelor's Degree in Actuarial Science or Business

Job description

1 day ago Be among the first 25 applicants

Direct message the job poster from Vertex Solutions Inc.

AVP Actuarial Product Owner sought to drive the vision and strategic direction of digital actuarial products at our global insurance client. This is a DIRECT HIRE role to be located onsite in either NJ, NYC or CT location. Offering base plus bonus and benefits.

You will lead a high-performing team, collaborating closely with business leaders, stakeholders, and cross-functional partners to deliver innovative solutions that transform business processes, enhance efficiency, and solve complex actuarial challenges. Your leadership will be instrumental in shaping products that power growth, ensuring every initiative delivers measurable business value and positions the company at the forefront of digital innovation.

About You: We are looking for a true builder—someone who thrives in ambiguity, is energized by complex challenges, and is passionate about creating long-term value. You are customer-obsessed, always seeking to earn and keep customer trust while staying attuned to industry and competitor trends. You are a visionary leader who thinks big, acts boldly, and inspires teams to deliver exceptional results. You are very focused on simplifying complex and legacy builds into simple and scalable solutions by driving buy-in, driving with thought-leadership and always keeping the business goals at the forefront.

Skills & Experience:

Lead and Manage Product Teams: Oversee and guide actuarial product teams responsible for developing and enhancing digital actuarial products and platforms, ensuring alignment with business goals and stakeholder expectations. Collaborate with Cross-Functional Stakeholders: Work closely with business leaders, end users, IT teams (Design, Development, Infrastructure), and subject matter experts to gather requirements, prioritize features, and deliver solutions that improve efficiency and solve complex actuarial business problems. Drive Product Vision and Strategy: Define and communicate the product roadmap for actuarial IT products, identifying opportunities for innovation and continuous improvement to support business growth and competitive advantage. Manage Product Backlog and Agile Processes: Own and prioritize the product backlog, ensuring that development teams have clear, actionable user stories and acceptance criteria; facilitate Agile ceremonies and maintain alignment with Scrum or Agile methodologies. Ensure Quality and Compliance: Oversee testing, user acceptance, and deployment of actuarial IT solutions, ensuring compliance with regulatory requirements and internal standards. Analyze Market and Business Needs: Conduct market research, competitor analysis, and data analytics to inform product decisions and validate the value delivered by actuarial products. Support Regulatory and Filing Processes: Collaborate with actuarial and regulatory teams to support product filings, rate proposals, and compliance activities related to actuarial products. Drive Operational Excellence: Enhance tools, processes, and methodologies through automation and data driven improvements to increase efficiency and accuracy in actuarial product development and delivery. Communicate Effectively: Serve as the primary liaison between technical teams and business stakeholders, providing clear updates, managing expectations, and facilitating decision-making. Lead Change and Innovation: Champion change initiatives within the actuarial product domain, fostering a culture of innovation and continuous improvement.

Requirements:

In-depth domain knowledge of actuarial pricing and reserving, including principle-based reserving (PBR) and its applications in life insurance, to drive strategic decision-making and risk management Bachelor's Degree in Actuarial Science, Business or related field, complemented by extensive experience in product development. Minimum of 5 years of experience in product management roles, with a strong background in insurance, actuarial, particularly in pricing and reserving. At least 5 years of leadership experience, guiding teams in complex projects, ensuring rigorous practices that enhance financial stability and regulatory compliance.

Vertex Solutions Inc. is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, national origin, ancestry, religion, age, citizenship, sex, marital or veteran status, disability or handicap, sexual orientation or any other basis prohibited by applicable law.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Product Management

• Industries

  Insurance, Insurance Carriers, and Insurance Agencies and Brokerages

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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