Lead Pricing Actuary

Farmers Insurance

4d•$179,850 - $341,125•Hybrid

About The Position

The Lead Pricing Actuary is a senior actuarial and business leader responsible for shaping pricing strategies that support profitable growth, rate adequacy, and competitive performance across Personal and Commercial products and markets. The role leads the development of rate indications, pricing recommendations, and portfolio insights by integrating actuarial analysis, claims trends, reserving considerations, and market dynamics. As a strategic partner to Product, Claims, Finance, Underwriting, and Reserving leaders, the Lead Pricing Actuary translates complex actuarial findings into actionable business recommendations that influence enterprise decisions. The position provides leadership to an actuarial organization, develops talent, and advises senior leadership on matters affecting growth, profitability, and long-term business performance. The role supports Bristol West's pricing processes and portfolio objectives. The position is available in a hybrid or remote setting. Employees living within 50 miles of a Farmers corporate office work at least three days in the office and up to two days virtually; applicants living farther away may also be considered.

Requirements

Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance, Economics, or a related quantitative discipline.
Fellow of the Casualty Actuarial Society (FCAS) designation required.
Minimum of 10 years of actuarial experience, including progressive responsibility in pricing, product management, or portfolio management.
Deep expertise in Personal Lines pricing, preferably within Personal Auto and broader Property & Casualty insurance.
Proven experience developing rate indications, pricing strategies, and profitability improvement initiatives.
Strong understanding of loss trends, claims performance, reserving impacts, and rate adequacy analysis.
Experience leading actuarial teams and developing talent through coaching, mentorship, and performance management.
Ability to communicate complex actuarial concepts and analytical findings to executive and non-technical audiences.
Proven track record influencing business strategy and driving decisions through data-driven insights.
Experience partnering with Product, Claims, Finance, Underwriting, and senior business leaders.
Strong knowledge of state rate filings, regulatory requirements, and actuarial standards of practice.
Advanced proficiency in SAS and SAS Macros.
Strong Excel modeling and analytical capabilities.
Strong analytical, problem-solving, and decision-making skills.

Nice To Haves

Non-standard Personal Auto pricing experience.
Experience working within a large, multi-state insurance carrier.
Previous leadership responsibility for actuarial managers or other people leaders.
Experience presenting pricing recommendations and business performance results to executive leadership.
Familiarity with predictive modeling, pricing optimization, and advanced analytical techniques.
Experience balancing growth, retention, and profitability objectives within competitive insurance markets.
Experience utilizing Power BI or similar business intelligence platforms.
Ability to leverage large datasets, predictive analytics, and visualization tools to support pricing decisions.

Responsibilities

Lead pricing strategy for assigned Personal and Commercial Lines products and markets, aligned with profitability, growth, retention, and competitive objectives.
Establish rate level and rating plan recommendations using actuarial analysis, predictive modeling, business performance insights, and market intelligence.
Monitor portfolio performance and emerging trends to identify opportunities and recommend pricing actions.
Provide actuarial leadership for financial planning, including rate activity, premium growth, loss trends, profitability targets, and other business metrics.
Partner with Product, Underwriting, Finance, Claims, and Distribution leaders to influence strategic decisions and deliver actionable business insights.
Champion innovation through advanced analytics, predictive modeling, process improvement, and pricing automation.
Ensure the integrity of pricing data, models, tools, and governance processes while maintaining compliance with regulatory requirements and actuarial standards.
Lead, develop, and mentor an actuarial organization, fostering accountability, continuous improvement, collaboration, and technical excellence.
Represent actuarial perspectives in business performance reviews and executive presentations, including presentations to senior leadership.
Develop an understanding of Bristol West's pricing processes, portfolio dynamics, and business objectives.
Build credibility with the actuarial team and establish a trusted role on the Bristol West leadership team.
Strengthen collaboration across Product, Claims, Finance, and Reserving functions.
Connect actuarial insights to business outcomes and drive informed pricing decisions balancing profitability, growth, retention, and market competitiveness.