Delegated Business Pricing Actuary - Delegated Portfolio

Kalepa Insurance Services, LLC; Chicago (IL); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Healthcare and dental coverage

401(k) with employer match

Paid time off and parental leave

Tuition reimbursement program

Job summary

A leading global insurance provider is seeking an experienced Delegated Business Pricing Actuary in Chicago, IL, to lead pricing initiatives across delegated authority programs. The candidate will leverage actuarial expertise to ensure competitive pricing and work alongside multiple teams, making impactful decisions for the company's portfolio. This role offers a competitive salary and comprehensive benefits in a hybrid working environment.

Qualifications

• 5-10+ years of P&C actuarial experience, including program or specialty lines pricing.
• Strong proficiency in actuarial software and programming languages.
• Excellent communication skills and ability to influence teams.

Responsibilities

• Lead pricing and portfolio underwriting initiatives for delegated authority programs.
• Evaluate existing programs for profitability using actuarial techniques.
• Collaborate with the Delegated Underwriting team for new relationships.

Skills

Actuarial software proficiency

Programming languages (Python, R, SQL, VBA)

Strong communication skills

Education

ACAS or FCAS designation

5-10+ years of P&C actuarial experience

Job description

Delegated Business Pricing Actuary - Delegated Portfolio page is loaded## Delegated Business Pricing Actuary - Delegated Portfolioremote type: Hybridlocations: NY-NYC (Ave of Americas): IL-Chicagotime type: Full timeposted on: Posted Todayjob requisition id: JR-000743MSIG USA continues to grow!**Company Overview:**is the US-based subsidiary of , one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.**Location:**New York City, Warren NJ, Philadelphia PA Metro, Chicago IL (Hybrid)**Position Overview:**MSIG USA is a quickly growing, an A+ insurance carrier that specializes in Casualty, Property, Marine, Cyber, Financial Lines, and Credit insurance. Delegated Authority business is one of our fastest growing segments.We are seeking an experienced actuary to lead pricing and portfolio underwriting initiatives for delegated authority programs and specialty commercial lines. This role combines technical actuarial expertise with strategic business partnership to ensure competitive yet profitable pricing across our P&C portfolio.**Key Responsibilities:****Pricing Strategy & Model Development:*** Evaluate existing and new programs using actuarial techniques to assess portfolio profitability, performing deep dives into detailed segmentation* Drive innovation by designing, programming, and maintaining essential tools for pricing and portfolio monitoring.* Conduct structural analysis and provide actionable recommendations based on pricing insights to optimize program performance.* Recommend changes to program structure, including share, attachment point, terms, and commission structure**New program due diligence: New and renewal relationships*** Collaborate with our Delegated Underwriting team to identify new Delegated Managing General Agent/ Underwriter (MGA/MGU) relationships* Assess MGA/U books of business and management team for pricing, claims handling, financial, operational, and technology quality, including the MGA/U’s insurance product’s value proposition and market fit* Conduct actuarial modelling to recommend appropriate sliding scale commission structures, and accruals/ payments based on contract term* As needed, support due diligence projects for MGA/U mergers and acquisition (M&A) activity and/or divestment**Portfolio Monitoring & Insights:*** Track portfolio rate changes, pricing adequacy, and shifts in underwriting mix for new and renewal business, providing insights to guide Program Managers in making informed decisions.**Data and Technology*** Lead data business requirements and testing for actuarial related analyses for our new data lake* Evolve bordereaux ingestion approaches and technology to modernize data capture, tracking and analysis. Become MSIG USA’s business domain leader on delegated premium, exposure, and loss data use to support the business unit.* Drive automation of existing and new analyses into model updates, analytics, and dashboards**Collaboration & Leadership:*** Partner with underwriting, product development, and program managers to guide pricing decisions.* Provide trusted council and advice to Delegated Underwriting Leadership on difficult Go/No-Go decisions, as well as to the CFO on financial accruals and peg loss ratios* Act as a liaison with Program Managers, supporting negotiations on terms and structures by leveraging pricing analysis and strategic insights.* Mentor junior team members within Actuarial, the Delegated Authority business unit, and business partners in Finance, Claims, Underwriting, and Technology* Present findings and recommendations to senior leadership.* Bring your A game every day**Qualifications:*** ACAS or FCAS designation (or near completion).* 5-10+ years of P&C actuarial experience, including program or specialty lines pricing.* Strong proficiency in actuarial software and programming (Python, R, SQL, VBA preferred).* Experience with delegated authority programs and MGA pricing models is a plus.* Excellent communication skills and ability to influence cross-functional teams.**Competitive Compensation Package includes:**Competitive salary commensurate with experience along with a performance-based bonus.SALARY: The estimated salary range for this position is $150,000–$200,000 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.**Additional Benefits:**Healthcare and Retirement Benefits* Comprehensive medical, dental, and vision coverage* 401(k) with a generous employer match and profit-sharing contribution* Wellness incentive program* Life and accidental death and dismemberment (AD&D) insurance* Flexible spending programs* Short-term and long-term disability plansAdditional Benefit Programs* Paid time off program* Paid charitable leave* Paid parental leave* Tuition reimbursement program* Personal insurance (auto/homeowners) discountsIt's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.### Invest in Your Future With UsEach employee plays an important role which contributes directly to the success and continued growth of MSIG.MSIG Holdings (U.S.A.), Inc. (MSIG) is a wholly owned subsidiary of the MS & AD Insurance Group Holdings, Inc. – one of the top ten property-casualty insurance groups world-wide. Our Group has capital in excess of $25 Billion, operations in more than 40 countries and nearly 40,000 personnel located globally.MSIG in the U.S. is comprised of three insurance companies with licenses in all fifty states as well as Puerto Rico and the District of Columbia. These companies and five other subsidiaries, deliver state of the art risk financing programs, insurance products, risk engineering and claims management services that enable our clients to effectively and efficiently manage their risks. Our insurance companies share the A.M Best’s A+ XV Rating and Standard & Poor’s A+ Rating of our Japan-based parent.Our clientele runs the gamut from small and mid-sized, sole-proprietorships, partnerships and corporations, up to some of the largest and most sophisticated multinational corporations operating in the U.S. and globally.The vast majority of clients seek our support related to Commercial Lines insurance products including Commercial Property and Liability Insurance products. However, through our subsidiary – Seven Hills Insurance Agency, LLC. – we are able to provide Personal Lines Insurance products including homeowners, renters, automobile, etc.**Specialties:**All Risk Property, Commercial Liability, Automobile, Workers Compensation, Management Liability, Marine, Excess & Umbrella, Claims Management, Risk Engineering services, etc.