Actuarial Product Owner

Vertex Solutions Inc.; Woodbridge Township (NJ); On-site; USD 120,000 - 150,000; Full time

Job summary

A leading insurance consultancy is seeking an AVP Actuarial Product Owner to drive the strategic direction of digital actuarial products. You will lead product teams, collaborate with stakeholders, and manage the product roadmap. The ideal candidate has extensive actuarial and product management experience, with at least 5 years in leadership roles in insurance. This position offers competitive compensation plus benefits and is based in Woodbridge Township, NJ.

Qualifications

• In-depth domain knowledge of actuarial pricing and reserving.
• Minimum 5 years in product management roles.
• Experience in leading complex projects in insurance.

Responsibilities

• Lead product teams developing digital actuarial products.
• Collaborate with stakeholders to deliver solutions.
• Manage product backlog and facilitate Agile ceremonies.

Skills

Actuarial pricing knowledge

Leadership

Product management

Agile methodologies

Education

Bachelor’s degree in Actuarial Science or related field

Job description

Overview

AVP Actuarial Product Owner sought to drive the vision and strategic direction of digital actuarial products at our global P&C 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.

Responsibilities

• Lead and manage actuarial product teams responsible for developing and enhancing digital actuarial products and platforms, aligning with business goals and stakeholder expectations.
• Collaborate with cross-functional stakeholders (business leaders, end users, IT teams) to gather requirements, prioritize features, and deliver solutions that improve efficiency and solve actuarial business problems.
• Define and communicate the product roadmap for actuarial IT products; identify opportunities for innovation and continuous improvement to support business growth and competitive advantage.
• Own and manage the product backlog; facilitate Agile ceremonies and ensure clear user stories and acceptance criteria consistent with Scrum or Agile methodologies.
• Oversee testing, user acceptance, and deployment; ensure compliance with regulatory requirements and internal standards.
• Conduct market research, competitive analysis, and data analytics to inform product decisions and validate value delivered by actuarial products.
• Support regulatory filings and rate proposal activities related to actuarial products.
• Drive operational excellence by improving tools, processes, and automation to increase efficiency and accuracy in actuarial product development and delivery.
• Serve as the primary liaison between technical teams and business stakeholders; manage expectations and facilitate decision-making.
• Champion change and innovation within the actuarial product domain.

Qualifications / Requirements

• In-depth domain knowledge of actuarial pricing and reserving, including principle-based reserving (PBR) and its applications in insurance.
• Bachelor’s degree in Actuarial Science, Business, or related field; plus extensive experience in product development.
• Minimum 5 years in product management roles with a strong background in insurance and actuarial work (pricing and reserving).
• At least 5 years of leadership experience guiding teams in complex projects with a focus on 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.