Delegated Business Pricing Actuary - Delegated Portfolio

MSIG Holdings•New York City, NY

4d•$150,000 - $200,000•Hybrid

About The Position

MSIG USA is a quickly growing, an A+ insurance carrier that specializes in Casualty, Property, Marine, Cyber, Financial Lines, and Credit insurance. Delegated Authority business is one of our fastest growing segments. We are seeking an experienced actuary to lead pricing and portfolio underwriting initiatives for delegated authority programs and specialty commercial lines. This role combines technical actuarial expertise with strategic business partnership to ensure competitive yet profitable pricing across our P&C portfolio.

Requirements

ACAS or FCAS designation (or near completion).
5-10+ years of P&C actuarial experience, including program or specialty lines pricing.
Strong proficiency in actuarial software and programming (Python, R, SQL, VBA preferred).
Excellent communication skills and ability to influence cross-functional teams.

Nice To Haves

Experience with delegated authority programs and MGA pricing models is a plus.

Responsibilities

Pricing Strategy & Model Development: Evaluate existing and new programs using actuarial techniques to assess portfolio profitability, performing deep dives into detailed segmentation
Drive innovation by designing, programming, and maintaining essential tools for pricing and portfolio monitoring.
Conduct structural analysis and provide actionable recommendations based on pricing insights to optimize program performance.
Recommend changes to program structure, including share, attachment point, terms, and commission structure
New program due diligence: New and renewal relationships Collaborate with our Delegated Underwriting team to identify new Delegated Managing General Agent/ Underwriter (MGA/MGU) relationships
Assess MGA/U books of business and management team for pricing, claims handling, financial, operational, and technology quality, including the MGA/U’s insurance product’s value proposition and market fit
Conduct actuarial modelling to recommend appropriate sliding scale commission structures, and accruals/ payments based on contract term
As needed, support due diligence projects for MGA/U mergers and acquisition (M&A) activity and/or divestment
Portfolio Monitoring & Insights: Track portfolio rate changes, pricing adequacy, and shifts in underwriting mix for new and renewal business, providing insights to guide Program Managers in making informed decisions.
Data and Technology Lead data business requirements and testing for actuarial related analyses for our new data lake
Evolve bordereaux ingestion approaches and technology to modernize data capture, tracking and analysis.
Become MSIG USA’s business domain leader on delegated premium, exposure, and loss data use to support the business unit.
Drive automation of existing and new analyses into model updates, analytics, and dashboards
Collaboration & Leadership: Partner with underwriting, product development, and program managers to guide pricing decisions.
Provide trusted council and advice to Delegated Underwriting Leadership on difficult Go/No-Go decisions, as well as to the CFO on financial accruals and peg loss ratios
Act as a liaison with Program Managers, supporting negotiations on terms and structures by leveraging pricing analysis and strategic insights.
Mentor junior team members within Actuarial, the Delegated Authority business unit, and business partners in Finance, Claims, Underwriting, and Technology
Present findings and recommendations to senior leadership.
Bring your A game every day

Benefits

Competitive salary commensurate with experience along with a performance-based bonus.
Healthcare and Retirement Benefits Comprehensive medical, dental, and vision coverage
401(k) with a generous employer match and profit-sharing contribution
Wellness incentive program
Life and accidental death and dismemberment (AD&D) insurance
Flexible spending programs
Short-term and long-term disability plans
Additional Benefit Programs Paid time off program
Paid charitable leave
Paid parental leave
Tuition reimbursement program
Personal insurance (auto/homeowners) discounts