Chief Actuary, Executive Vice President

Zenith Insurance Company-posted 4 months ago

$385,000 - $535,000/Yr

Full-time • Executive

Los Angeles, CA

Miscellaneous Manufacturing

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The Chief Actuary will lead the actuarial function with a strategic focus on driving innovative solutions, overseeing pricing and reserving strategies, and effectively communicating complex actuarial decisions to diverse audiences, including senior leadership, regulators, and external partners. This role requires a forward-thinking leader who can shape the company's actuarial vision while staying true to Zenith's time-tested philosophy, ensuring financial stability in a dynamic market.

Partner with the CEO and other senior executives to lead the organization.
Develop and execute the actuarial strategy for the organization and partner with other disciplines to ensure alignment with company goals.
Drive long-term financial sustainability through proactive risk management and innovative solutions.
Oversee the development and implementation of pricing models and reserve methodologies, ensuring accuracy, compliance, and alignment with business objectives.
Lead the design and adoption of new product offerings, actuarial tools, predictive models, and data-driven solutions to enhance underwriting, risk assessment, and claims management.
Translate complex actuarial concepts into clear, actionable insights for diverse audiences, including C-suite executives, regulators, agents, brokers, and insureds.
Present pricing and reserving decisions with clarity and confidence to support strategic decision-making.
Ensure all actuarial practices comply with all applicable regulations, maintaining robust documentation and reporting standards.
Manage and mentor team, fostering a collaborative and innovative environment.
Promote professional development and technical excellence.
Ensure we have adequate resources to meet the needs of the organization.
Partner with underwriting, claims, finance, and product development teams to integrate actuarial insights into business operations and drive cross-functional initiatives.
Manage all assumed and ceded reinsurance programs.
Monitor industry trends, competitive landscapes, and emerging risks to inform strategic recommendations and maintain a competitive advantage.
Leverage data and technology to improve decision support tools used by the organization.
Investigate emerging technologies to find opportunities to enhance actuarial processes, improve predictive accuracy, and streamline operations.

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field required; advanced degree preferred.
Fellow of the Casualty Actuarial Society (FCAS) designation required.
Minimum of 15 years of actuarial experience, with at least 5 years focused on workers' compensation insurance in an officer-level leadership role.
Proven expertise in pricing, reserving, and predictive modeling specific to workers' compensation.
Exceptional communication skills, with the ability to present complex information to non-technical audiences, including executives, regulators, rating agencies, insurance agents, brokers and insureds.
Strong leadership experience, with a track record of managing high-performing teams and driving strategic initiatives.
Established relationships with industry stakeholders, including regulators and reinsurers.
Proficiency in actuarial software and data analytics tools.
Deep understanding of regulatory requirements and industry standards.
Innovative mindset with a passion for developing new solutions to address evolving market needs.
Ability to thrive in a fast-paced environment and manage multiple priorities effectively.

Experience with alternative funding mechanisms including loss sensitive products, captives, TPA arrangements helpful, not required.

Medical, Dental and Vision Insurance
Flexible Spending Accounts
Paid Parental Leave
Life, AD&D and Disability Insurance
401(k), Employee Share Purchase Plan (ESPP)
Education and Training Reimbursement
10 paid Company Holidays
Employee Assistance Program (EAP)

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