Director, Pricing Actuary
Selby Jennings, Boston, MA, United States
Company Overview:
My client, a dynamic and industry-leading insurance organization is currently seeking a talented and experienced actuary to join their pricing team and drive strategic pricing initiatives that support profitable growth and sustainability. This role offers the chance to impact business strategy, collaborate across functions, and advance your career in a high-visibility position.
Role Overview:
As the Director of Pricing, you will be responsible for developing and optimizing pricing strategies across multiple product lines. You will play a critical role in setting pricing methodologies, analyzing market trends, and supporting the organization's financial objectives. This role is ideal for an experienced actuary with a Fellow of the Society of Actuaries (FSA) designation who thrives in a collaborative environment and has a strategic mindset.
Key Responsibilities:
- Develop and Execute Pricing Strategies: Design and implement effective pricing strategies to support profitability and competitive positioning across products.
- Market Analysis: Conduct in-depth analyses of market trends, risk factors, and competitive positioning to inform pricing decisions.
- Collaborate with Cross-Functional Teams: Work closely with underwriting, product development, finance, and senior leadership to align pricing with broader business goals.
- Regulatory Compliance: Ensure pricing strategies meet regulatory standards and contribute to the organization's risk management initiatives.
- Data-Driven Decision Making: Utilize advanced modeling and data analytics to refine pricing models and improve forecasting accuracy.
Qualifications:
- Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Certification: Fellow of the Society of Actuaries (FSA) required.
- Experience: At least 5+ years of actuarial experience in pricing within the insurance or reinsurance industry, with 2+ years in a leadership role.
- Technical Skills: Proficiency in actuarial pricing software and advanced Excel skills; experience with predictive modeling tools (e.g., R, Python) is a plus.
- Strategic Mindset: Ability to think strategically and influence business decisions with data-driven insights.
- Strong Communication Skills: Excellent written and verbal communication skills, with the ability to present complex ideas to non-actuarial stakeholders.