Director, Commercial Lines Actuarial (Hybrid/ Remote)

MAPFRE • Webster, MA

4d • $200,000 - $255,800 • Hybrid

About The Position

The Director, Commercial Lines Actuarial is accountable for leading pricing strategy and actuarial analysis across Mapfre’s Commercial Lines portfolio, including Commercial Auto, Businessowners Policy (BOP), and Commercial Package Policy (CPP). The Director will translate portfolio performance, competitive conditions, regulatory requirements, and business objectives into actionable pricing and product recommendations. This role leads two actuarial analysts and works closely with Underwriting, Product, Finance, Claims, Data, IT, and senior management to support profitable growth, sound rate levels, effective segmentation, and timely rate filings. The Director is also responsible for maintaining and improving actuarial processes, developing team capabilities, and clearly communicating recommendations, assumptions, risks, and business impacts to internal and external stakeholders.

Requirements

• Bachelor’s degree in actuarial science, mathematics, statistics, economics, or a related quantitative field
• Substantial property and casualty actuarial experience with increasing responsibility; experience in commercial lines pricing, preferably including Commercial Auto, BOP, or CPP
• Demonstrated ability to lead actuarial analyses, communicate recommendations to senior stakeholders, and manage multiple priorities
• Strong knowledge of insurance operations, accounting, regulation, reinsurance, and applicable Actuarial Standards of Practice
• Proficiency with Microsoft Office and analytical tools such as SQL, SAS, R, or comparable platforms
• Experience developing or improving complex analytical processes and data sources.
• ACAS or FCAS credential

Nice To Haves

• Prior experience managing actuarial employees
• Experience with pricing and modeling platforms such as Earnix, Emblem, or comparable tools

Responsibilities

• Lead pricing strategy and actuarial analysis for Commercial Auto, BOP, and CPP.
• Evaluate loss and loss adjustment expense trends, expenses, investment income, profit and contingency provisions, reinsurance, and other components of actuarially sound rates.
• Own line-of-business profitability, planning, growth, rate adequacy, competitive positioning, segmentation, and rate-impact analysis.
• Develop recommendations for rate changes, new or revised coverages, classification plans, rating structures, and other product changes.
• Establish priorities and quality standards for the rate review and filing schedule and ensures that supporting analyses are accurate, well documented, and delivered on time.
• Communicate recommendations, assumptions, risks, and financial impacts to senior management and external stakeholders and works with business partners to drive appropriate action.
• Lead, develop, and manage two actuarial analysts. Sets priorities, delegates work, reviews analyses, establishes quality-control standards, and ensures timely delivery. Provides coaching on actuarial methods, commercial lines insurance, data tools, business communication, and project management. Supports professional development, including progress toward CAS credentials and readiness for expanded responsibilities.

Benefits

• Flexible PTO program that combines vacation, personal, volunteer and sick time into one convenient bank of paid time off.
• 401(k) plan that includes company matching contributions up to certain amounts under the terms of the plan.
• Profit Sharing
• Choice of comprehensive medical, dental and vision insurance coverage under group plans offered by the company.
• STD, LTD, Life Insurance, FSA, HSA and various wellness programs

What This Job Offers

• Job Type: Full-time
• Career Level: Director