Stonehaven - Director of Actuarial Services
About The Position
At Ledgebrook, we’re building a next-generation insurance infrastructure - fast, smart, and scalable - and are looking for a Director of Actuarial Services to join Stonehaven Specialty Insurance Company, Ledgebrook’s new third-party hybrid fronting carrier. This role reports to the Chief Risk Officer and shifts the traditional actuarial mandate from end-to-end pricing/reserving to validating and relying on third-party bordereaux data, reserving gross/ceded/net independently, and reserving/capitalizing the re-assumed tail above treaty caps to full-carrier standards. Stonehaven is seeking a Director of Actuarial Services to validate third-party bordereaux data, establish loss-development assumptions before each program onboards, reserve gross/ceded/net independently, and support the Reserve Committee and the annual statement of opinion. The successful candidate will bring deep P&C actuarial reserving experience and direct experience with bordereaux-based or third-party-sourced data.
Requirements
- 10+ years of P&C actuarial experience, including reserving for both retained and ceded business.
- Direct experience with bordereaux-based or third-party-sourced data (MGA, program, or reinsurance actuarial work).
- Experience reserving re-assumed/tail exposure above treaty caps, not only quota-share slices.
- Associate of the Casualty Actuarial Society (ACAS).
Nice To Haves
- Fellow of the Casualty Actuarial Society (FCAS) is preferred.
- Prior fronting-carrier or program-actuarial experience specifically.
- Experience serving as or coordinating with an appointed/independent actuary.
Responsibilities
- Validate third-party/bordereaux data before relying on it for analysis or financial reconciliation, in coordination with Underwriting, Reinsurance, Finance, and IT.
- Establish ELR and expected development patterns before each program onboards; run quarterly actual-vs-expected against original assumptions.
- Reserve gross, ceded, and net independently; evaluate and reserve the re-assumed tail above treaty caps.
- Build the actuarial “toolbox” (ISO, RAA, S&P Schedule P) for loss development, trend, and PY/AY/AQ adjustments on thin or ramping program data.
- Oversee DUA pricing and monitor actual-vs-expected results by program; produce the quarterly program “report card.”
- Support the Reserve Committee in a lead technical and advisory capacity.
Benefits
- Full remote flexibility and asynchronous work culture.
- Unlimited PTO and fully paid sick leave.
- Comprehensive health benefits, including medical, dental, and vision coverage, plus HSA and FSA options.
- Additional financial protection and retirement benefits, including a 401(k), company-paid life insurance, and disability coverage.
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
