Pricing Actuary - Casualty

Vantage Risk Ltd.; Chicago (IL); Hybrid; USD 160,000 - 215,000; Full time

Job summary

Vantage Risk Ltd. is seeking an experienced Pricing Actuary, Casualty to advance actuarial pricing across Casualty lines, collaborating with underwriting teams in the US and Bermuda.

The role emphasizes pricing model development, large account pricing, and loss ratio planning, with strong interaction with data analytics teams to deliver insights and risk understanding. The position offers a base salary range of $160,000–$215,000 with potential bonuses, a flexible work environment including

Qualifications

• Bachelor’s degree in actuarial science, mathematics, finance, statistics, economics, or a related field; or the equivalent in related work experience.
• 8+ years of actuarial pricing experience, including meaningful recent experience in long tail commercial lines pricing.
• Associate of the Casualty Actuarial Society (ACAS) Designation required.
• Primary or excess casualty pricing experience with deep knowledge of commercial auto, general liability and construction risks.
• Experience in scripting or programming language (SQL and R or Python).
• Experience working with both admitted and non-admitted products a plus.
• Experience with predictive analytics a plus.
• Strong communicator with proven track record of collaborating with underwriters and portfolio leaders.
• Willingness to work alongside data scientists and data engineers to develop analytical solutions.

Responsibilities

• Deeply engage with the Excess Casualty and Primary GL underwriting teams at both front line and leadership level.
• Proactively identify opportunities for profitable growth or areas of underwriting concern.
• Build, maintain, and scale rating and pricing models to support the Casualty business units.
• Ensure consistency in pricing practices across the Casualty business units as appropriate.
• Engage with Underwriting teams to price large accounts.
• Deep engagement and collaboration with the broader Insurance pricing team, currently comprised of 15 pricing actuaries working across all products offered by Vantage Insurance.
• Pricing support and portfolio monitoring for a public entity liability portfolio with whom Vantage has a delegated authority relationship.
• Perform other actuarial services including monthly rate monitoring, profitability and rate adequacy studies, portfolio segmentation analysis, rate filing support, competitor research, treaty reinsurance support, and communicating health of the business to leadership.
• Find innovative and creative ways to leverage data and analytics to support pricing and underwriting functions.
• Combine actuarial pricing techniques with data science and technology by partnering with Data, Analytics & Technology teams.
• Stay current on industry trends, tools, and actuarial techniques to ensure best practices.

Skills

ACAS Designation

Pricing collaboration

SQL

Python/R

Pricing experience

Data analytics

Communication

Interdisciplinary teamwork

Education

Bachelor's degree in actuarial science or related field

Job description

About the role:

At Vantage, the Pricing Actuary, Casualty is a member of our Insurance Pricing team. This position will play a critical role in continuing to build Vantage’s insurance pricing capability across our Casualty businesses, with Underwriting teams located both in the US & Bermuda. Vantage’s Casualty business units provide primary general liability and excess liability insurance coverage for variety of industries, including transportation, construction, real estate, manufacturing, energy, public entity liability and other miscellaneous industry classes. Current Casualty offerings include excess casualty products offered from both the US & Bermuda platforms, and Primary GL offered exclusively from the US platform.

This position will report to the Head of Casualty Pricing, Insurance. We are flexible in terms of location, with both remote and in-office options available. Regardless of location, occasional travel will be required.

You will work with an established team of Underwriters with vast industry experience supporting a variety of functions including pricing model development, large account pricing, rate monitoring, portfolio segmentation analysis and loss ratio planning. You will also partner closely with our Data, Analytics & Technology organization that is tasked with building and delivering data insights for our business customers that help them to better understand, quantify, and manage their risks differently. We are seeking an energetic, creative, and self-motivated Actuary that has a passion for advancing actuarial science with data and analytics.

The base salary expectation for this role is between $160,000 and $215,000. Actual base salary for the selected candidate may be higher commensurate with candidate experience and expectations. Additionally, Vantage offers its colleagues performance-based bonus potential, strong health & welfare benefits, retirement plans with company match, competitive time off plans, a highly flexible work environment, and much more.

Responsibilities & Accountabilities:

• Deeply engage with the Excess Casualty and Primary GL underwriting teams at both front line and leadership level. Proactively identify opportunities for profitable growth or areas of underwriting concern.
• Build, maintain, and scale rating and pricing models to support the Casualty business units. Ensure consistency in pricing practices across the Casualty business units as appropriate.
• Engage with Underwriting teams to price large accounts.
• Deep engagement and collaboration with the broader Insurance pricing team, currently comprised of 15 pricing actuaries working across all products offered by Vantage Insurance.
• Pricing support and portfolio monitoring for a public entity liability portfolio with whom Vantage has a delegated authority relationship.
• Perform other actuarial services including, but not limited to monthly rate monitoring, profitability and rate adequacy studies, portfolio segmentation analysis, rate filing support, competitor research, treaty reinsurance support, and working with underwriters to communicate the health of the business to company leadership.
• Find innovative and creative ways to leverage data and analytics to support the pricing and underwriting functions.
• Combine the best of actuarial pricing techniques, data science and technology, by partnering closely with colleagues from our Data, Analytics & Technology team.
• Ensure actuarial best practices in all work by staying current on industry trends, tools, and actuarial techniques.

Ideal Candidate Profile:

• Bachelor’s degree in actuarial science, mathematics, finance, statistics, economics, or a related field; or the equivalent in related work experience.
• 8+ years of actuarial pricing experience, including meaningful recent experience in long tail commercial lines pricing.
• Associate of the Casualty Actuarial Society (ACAS) Designation required.
• Primary or excess casualty pricing experience with deep knowledge of commercial auto, general liability and construction risks.
• Experience in scripting or programming language (SQL and R or Python).
• Experience working with both admitted and non-admitted products a plus.
• Experience with predictive analytics a plus.
• Strong communicator with proven track record of collaborating with underwriters and portfolio leaders.
• Willingness to work alongside data scientists and data engineers to develop analytical solutions.

Our Vantage Values

Do What’s Right – be a force for good, for our customers, shareholders, colleagues, industry and communities.
Be Relentlessly Curious – ask questions, listen to understand, challenge the status quo, look for ways to say YES, drive innovation, be opportunistic and disciplined.
We’re Better Together – collaborate, be inclusive, supportive, respectful and humble, be a trusted partner internally and externally.
Be Transparent – in who you are, what you think, and how you work, seek and provide alternative points of view, be true to yourself.
Make A Difference – focus on impact, embrace technology, leverage data and analytics as critical assets, act intentionally to deliver on our mission.