Pricing Actuary - Casualty

Vantage Group Holdings•Chicago, IL

5d•Remote

About The Position

Vantage Group Holdings Ltd. (Vantage) is seeking a Pricing Actuary, Casualty to join their Insurance Pricing team. This role is crucial for building Vantage’s insurance pricing capability across its Casualty businesses, supporting Underwriting teams in the US & Bermuda. The Casualty business units offer primary general liability and excess liability insurance for various industries. The position reports to the Head of Casualty Pricing, Insurance and offers flexible work arrangements (remote, hybrid, or in-office). The actuary will collaborate with Underwriters on pricing model development, large account pricing, rate monitoring, portfolio segmentation, and loss ratio planning. They will also partner with the Data, Analytics & Technology organization to leverage data insights for risk management. The ideal candidate is energetic, creative, self-motivated, and passionate about advancing actuarial science with data and analytics.

Requirements

Bachelor’s degree in actuarial science, mathematics, finance, statistics, economics, or a related field; or the equivalent in related work experience.
8+ years of actuarial pricing experience, including meaningful recent experience in long tail commercial lines pricing.
Associate of the Casualty Actuarial Society (ACAS) Designation required.
Primary or excess casualty pricing experience with deep knowledge of commercial auto, general liability and construction risks.
Experience in scripting or programming language (SQL and R or Python).
Strong communicator with proven track record of collaborating with underwriters and portfolio leaders.
Willingness to work alongside data scientists and data engineers to develop analytical solutions.

Nice To Haves

Experience working with both admitted and non-admitted products a plus.
Experience with predictive analytics a plus.

Responsibilities

Deeply engage with the Excess Casualty and Primary GL underwriting teams at both front line and leadership level.
Proactively identify opportunities for profitable growth or areas of underwriting concern.
Build, maintain, and scale rating and pricing models to support the Casualty business units.
Ensure consistency in pricing practices across the Casualty business units as appropriate.
Engage with Underwriting teams to price large accounts.
Deep engagement and collaboration with the broader Insurance pricing team, currently comprised of 15 pricing actuaries working across all products offered by Vantage Insurance.
Pricing support and portfolio monitoring for a public entity liability portfolio with whom Vantage has a delegated authority relationship.
Perform other actuarial services including, but not limited to monthly rate monitoring, profitability and rate adequacy studies, portfolio segmentation analysis, rate filing support, competitor research, treaty reinsurance support, and working with underwriters to communicate the health of the business to company leadership.
Find innovative and creative ways to leverage data and analytics to support the pricing and underwriting functions.
Combine the best of actuarial pricing techniques, data science and technology, by partnering closely with colleagues from our Data, Analytics & Technology team.
Ensure actuarial best practices in all work by staying current on industry trends, tools, and actuarial techniques.