Actuarial Pricing Lead

GBLI | Global Indemnity•Lower Merion Township, PA

About The Position

GBLI | Global Indemnity provides specialty property and casualty insurance for small to middle-market businesses – and we’re on a mission to be the best-in-class while achieving steady, profitable growth. Our guiding principles include the core belief that our people are number one. We also strongly emphasize a customer-centric mentality and disciplined underwriting practices. Our work environment is flexible, friendly, and collaborative, with plenty of opportunities to take charge of your career.

Requirements

Bachelor’s degree with actuarial science, mathematics, or statistics concentration.
ACAS required, FCAS Preferred
10+ or more years of prior property & casualty actuarial experience in commercial pricing
2+ years leadership experience
Proficiency in Microsoft Office Products (Word, Excel, etc.) a must
Excellent interpersonal and communication skills
Ability to work in a team environment while showing self-initiative

Nice To Haves

Programming experience a plus (e.g. SQL, R, Python)
Experience with Microsoft’s Power BI or comparable software a plus
Experience with industry Pricing Software’s and system implementations a plus
Practical experience with implementing advanced analytics in Pricing situations a plus

Responsibilities

Own the pricing framework and philosophy across all Primary lines of business
Establish pricing governance, documentation, and change‑control frameworks
Monitor rate adequacy, loss ratios, and pricing performance by: Product, Segment, Geography; Identify emerging trends and underperforming segments, Recommend remedial actions (rate changes, underwriting adjustments, exits). Risk Adjusted Return on Capital Analysis including stochastics results.
Oversee BI reports that report on Profitability and use and development and data strategy.
Lead the development and maintenance of Pricing Models including use of advanced analytics via Data Science where appropriate.
Evaluate and provide guidance on various pricing software’s (including use of AI where applicable) and efficacy of implementation.
Oversee pricing on new program/product opportunities, using information provided and various actuarial and statistical methodologies
Partner closely with: Underwriting, Finance, Reinsurance and Marketing on Pricing items.: Act as a trusted advisor to senior leadership on pricing implications
Manage Rate Filings for admitted products including strategies and objections
Coordinating with IT to ensure products are implemented in their entirety
People Management for the pricing function

Benefits

Generous paid time off (PTO)
Professional development opportunities (including a mentorship program)
Educational assistance program, which covers up to $5,250 in educational costs per year
Comprehensive health insurance plan (with vision and dental)
Paid Parental Leave
Life insurance
401(k) retirement plan with up to 6% company match and immediate vesting
Healthcare and dependent care flexible spending accounts
Short-term and long-term disability
Company-sponsored social events
Various committees to get involved in, which include our Diversity, Awareness, and Inclusion Committee, and Charitable Giving Committee