VP, Actuarial

Acrisure Re; United States; On-site; USD 180,000 - 280,000; Full time

Job summary

Acrisure Re is seeking a VP, Actuarial to lead actuarial work across property, casualty, and specialty reinsurance and to guide analytics strategy. You will mentor staff and collaborate with clients, brokers, and reinsurers on pricing, models, and submissions.

Requires 7+ years in reinsurance pricing, FCAS or near-FCAS, and strong skills in stochastic modelling, data analysis, and AI-assisted analysis. Travel may be required, and accountability is essential.

Qualifications

• Bachelor's or higher degree in Actuarial Science, Statistics, Mathematics, or related STEM field.
• 7+ years actuarial experience in reinsurance pricing.
• FCAS or near-FCAS designation, active progression toward FCAS preferred.
• Active Continuing Education requirements.
• Proficiency with property, casualty, specialty, and cyber reinsurance products.

Responsibilities

• Perform and review pricing analyses for proportional, excess of loss, and structured reinsurance deals using actuarially sound assumptions.
• Develop and review dynamic stochastic models to evaluate pricing strategies.
• Communicate results and complex actuarial concepts to brokers, clients, and reinsurers.
• Support brokers in submissions, pricing, structuring, and placement of reinsurance.
• Partner with clients and respond to technical queries from clients and brokers.
• Implement best practices within the actuarial team and support enterprise initiatives.
• Stay current with latest actuarial methodologies, tools, and AI-related trends.
• Develop analytical tools and contribute to Acrisure Re actuarial standards and research.

Skills

Actuarial pricing

Stochastic modelling

Data analysis

Excel

R

SQL

Python

AI/LLM tooling

Communication

Education

Bachelors in Actuarial Science or related STEM field

FCAS or near-FCAS designation

Tools

RMS

AIR

KatRisk

Job description

Acrisure Re is an independent global reinsurance broker with a reputation for placing reinsurance programs covering complex and technical books of business. Founded in Toronto more than 25 years ago we are one of the few reinsurance brokers that work on Global reinsurance placements.

We act as a team to deliver success to our clients and to enable talent to thrive and develop. Innovation and creativity help us stand apart and underpin our growth. We empower our people and expect accountability and responsibility in turn, with ethics a critical component of everything we do.

Acrisure Re is an Agency Partner of Acrisure LLC, a global fintech-leader. Acrisure has grown at a rapid rate in recent years and is now one of the 10 largest insurance brokers in the world, with ambitious plans to continue growing at an accelerated and unprecedented pace. Beyond growth, Acrisure's dedication to its highly unique business model, ownership structure and entrepreneurial culture, has put us on the envious path of being the largest, most successful privately held insurance brokerage in the industry.

About the Role:

The Vice President, Actuarial serves as an actuarial lead for reinsurance and risk-transfer contracts across property, casualty, and specialty insurance coverages and products, providing clients and brokers with continuous support throughout the (re)insurance lifecycle. The VP brings deep expertise in a technical area, inputs to the strategic direction of the analytics team, and manages and develops actuarial staff. Clients include growing numbers of traditional carriers and MGAs, single-state and regional mutuals, innovative Insurtechs, multi-national specialty carriers, and captives.

Key Responsibilities:

• Perform and review pricing analyses for proportional, excess of loss, and structured reinsurance deals using actuarially sound assumptions.
• Develop and review dynamic stochastic models and perform reinsurance analyses to evaluate and compare different reinsurance strategies and pricing to meet client objectives.
• Communicate analysis results and complex technical concepts related to (re)insurers, capital markets, and clients.
• Support brokers in creating reinsurance submissions, pricing, structuring, and placing reinsurance, and evaluating new opportunities or partnerships.
• Partner with clients and respond to technical queries from clients, reinsurers, and brokers regarding data, trends, or results from actuarial and industry studies.
• Implement change and best practice within a specialist area; advise and support on enterprise-wide initiatives.
• Remain up-to-date and proficient in the latest actuarial methodologies, tools, and trends, and in new and emerging technologies relevant to the line of work.
• Develop and maintain analytical tools, support execution of strategic plans, and contribute to Acrisure Re actuarial standards and best practices.
• Contribute to internal research, development projects, whitepapers, and working groups.
• Organize project workflow to meet relevant timelines (including more junior resources).
• Creates a narrative of key broking points for a given deal, including supporting exhibits and documentation. Proactively considers potential challenges/questions and plans responses.

Skills, Experience, and Education:

• Bachelor's or higher degree, preferably in Actuarial Science, Statistics, Mathematics, or related STEM field.
• 7+ years of actuarial experience in a reinsurance pricing capacity.
• FCAS or near-FCAS designation, with active progression toward FCAS strongly preferred. Career ACAS may be considered.
• Actively maintains relevant Continuing Education requirements.
• Proficiency of commercial, personal, cyber, and specialty lines (re)insurance products.
• Proficiency with standardized (re)insurance pricing and reserving methodologies for property, casualty, specialty, and cyber coverages.
• Proficiency with capital models and associated parameterization of pricing and reserve risk.
• Proficiency with catastrophe models (RMS, AIR, KatRisk, etc.), including their output and associated pricing approaches.
• Strong Microsoft Excel skills and comfort with Microsoft Office Suite.
• Experience with R preferred. Familiarity with SQL, Python, and VBA languages an advantage.
• Experience using AI/LLM tools to support coding, analysis, research, and documentation.
• Attend external forums and conferences and develop relationships with key stakeholders across the business.

Additional Requirements and Competencies:

• Domestic and overseas business travel may be required.
• Proficient technical knowledge of all actuarial and actuarial tools and techniques.
• Creative problem-solving, numerical, and critical-thinking skills demonstrated in daily work.
• Self-motivated; able to work independently in a fast-paced environment and contribute as part of a dynamic team; strong interpersonal skills.
• Ability to think broadly as to how to improve processes, analyses, models, etc. Ability to complete detailed analyses, including keeping a clear audit trail.
• Excellent understanding of the techniques and assumptions used in analysis and their relevance; draws conclusions from output and articulates the advantages and disadvantages of different structures.
• Excellent time management and prioritization skills – keeps on top of their workload and ensures that everyone is up to date on where tasks under their responsibility stand.
• Communicates in a clear and engaging presentation style. Skilled at communicating between brokers, clients, and reinsurers to build trusted relationships.
• Ability to own the actuarial process with little guidance and supports junior team members development and upskilling.
• Embeds responsible AI and automation use into team processes and standards; reviews others' AI-assisted work for validity and appropriate controls.
• Operate effectively across functional boundaries, building and sustaining internal relationships.
• Mentor and coach members of the assigned team, fostering professional growth and skill development, as well as maintaining high performance standards and addressing performance challenges.
• Manage and direct the activities of assigned staff; ensure the team is trained, motivated, and capable of delivering efficient operations and exceptional service.
• Establish clear performance expectations, monitor progress, and provide regular feedback.
• Lead client projects and internal research and development initiatives.