AVP, Pricing Actuary

Aviva•New York, NY

1d•$150,000 - $180,000•Hybrid

About The Position

The AVP, Pricing Actuary supports and executes actuarial pricing strategy, pricing model development and governance, product profitability management, and portfolio optimization across assigned U.S. Specialty product segments. The role provides actuarial insights that inform underwriting and business decisions, support profitable growth and pricing adequacy, advance product development, and contribute to long-term portfolio performance. This senior actuarial professional leads pricing analyses, actuarial models, product performance analytics, and portfolio management across assigned specialty insurance lines and underwriting segments in the U.S. The role works closely with Underwriting, Product Management, Claims, Finance, Risk Management, Distribution, and U.S. and U.K. actuarial and product colleagues. It combines technical actuarial expertise, commercial judgment, and leadership to influence business decisions and balance growth with disciplined risk management and profitability. The position owns or leads the end-to-end pricing model lifecycle for assigned products, including development, calibration, implementation support, monitoring, documentation, peer review, and governance evidence. It also develops model performance measures and escalation triggers and ensures models, assumptions, and indications are communicated clearly and incorporated into underwriting and portfolio management routines. The role requires a bachelor's degree in a relevant quantitative discipline, advanced Casualty Actuarial Society credentials, and 6–12+ years of Property & Casualty actuarial experience, including meaningful specialty, commercial, or Excess & Surplus pricing experience. The position offers a hybrid flexible work model and requires up to 25% travel for business planning sessions, broker and client engagements, industry conferences, and cross-functional initiatives. The salary band is $150,000–$180,000, with individual salary determined by job-related knowledge, skills, experience, and market considerations.

Requirements

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, Data Science, or a related quantitative discipline.
6–12+ years of Property & Casualty actuarial experience, including meaningful specialty, commercial, or Excess & Surplus pricing experience.
Advanced Casualty Actuarial Society credentials, combined with significant relevant specialty or commercial P&C pricing experience.
Significant experience in actuarial pricing and pricing model development; demonstrated expertise in portfolio management and close collaboration with underwriting across specialty and commercial insurance products.
Strong understanding of U.S. Excess & Surplus and specialty insurance products, underwriting dynamics, exposure segmentation, and practical application of pricing models.
Demonstrated ability to lead complex actuarial initiatives, provide technical leadership, and influence cross-functional stakeholders.
Strong communication and presentation skills, including the ability to explain complex actuarial concepts as clear business recommendations.
Ability to influence senior stakeholders, partner effectively with underwriting leaders, and translate actuarial insights into measurable business actions.
Ability to operate effectively in a build-mode environment, balancing hands-on technical execution with development of scalable processes, controls, and capabilities.
Ability to travel up to 25% for business planning sessions, broker and client engagements, industry conferences, and cross-functional business initiatives.

Nice To Haves

Experience with the Hx platform for pricing model development.

Responsibilities

Support the development and execution of pricing strategies for assigned U.S. Specialty product segments and underwriting portfolios.
Develop and enhance actuarial pricing methodologies, assumptions, pricing models, model refresh processes, and governance frameworks.
Monitor pricing adequacy and alignment with profitability objectives.
Lead rate indications, technical pricing views, segmentation analyses, and pricing recommendations for assigned specialty lines.
Partner with Underwriting and Product teams to turn pricing insights into underwriting actions, product enhancements, and market opportunities.
Evaluate market conditions, competitive dynamics, and emerging trends affecting pricing strategy.
Support new product development, product enhancements, and U.S. market expansion initiatives with U.S. and U.K. actuarial and product stakeholders.
Provide actuarial leadership for portfolio profitability, segment-level performance management, and portfolio steering actions.
Monitor portfolio trends, loss ratios, exposure mix, growth metrics, retention performance, and rate adequacy by product segment and distribution channel.
Develop recommendations to improve portfolio outcomes and overall business performance.
Support business planning, forecasting, and portfolio optimization.
Evaluate business mix, concentration risk, underwriting appetite, model indications, and growth opportunities within assigned portfolios.
Lead or contribute to predictive analytics, advanced pricing models, model validation, monitoring, and actuarial modernization initiatives.
Support adoption of advanced analytical tools and technologies, promote data-driven decision-making, and assess emerging technologies and methods for pricing and portfolio management.
Identify opportunities to automate and improve actuarial process efficiency and strengthen analytical capabilities.
Serve as a senior actuarial partner to Underwriting, Product, Claims, Finance, Risk Management, and U.S. and U.K. actuarial and product teams.
Present pricing strategies, profitability analyses, model outputs, and portfolio recommendations to senior U.S. and U.K. stakeholders.
Support strategic growth initiatives, partnerships, market expansion, due diligence, business planning, and transformation initiatives requiring pricing and profitability expertise.
Ensure actuarial work complies with applicable actuarial standards of practice, regulatory expectations, and Aviva governance requirements.
Implement and maintain pricing governance frameworks, model documentation, control standards, oversight processes, peer review, and evidence of pricing decisions.
Support regulatory reviews, audits, and actuarial certifications as required, partnering with Risk Management and Compliance.
Lead the end-to-end pricing model lifecycle for assigned products, including development, calibration, implementation support, monitoring, documentation, peer review, and governance evidence.
Develop and monitor model performance measures and escalation triggers, and communicate pricing models, assumptions, and indications to underwriting leaders for use in underwriting and portfolio management routines.