Pricing Actuary - Programs (Risk Placement Services)

Arthur J. Gallagher • Rolling Meadows, IL

314d • $122,000 - $238,000 • Remote

About The Position

At Risk Placement Services, we're more than just a team - we thrive on collaboration, creativity, and tackling challenges head-on. Our culture fosters an environment where every idea counts, and every individual's contribution matters. Step into a world of excitement and innovation as we work with top-rated carriers to design robust coverage for our clients. Unleash your potential and join our spirited team, where you'll have the freedom to explore and the support to grow. We believe that every candidate brings something special to the table, including you! So, even if you feel that you're close but not an exact match, we encourage you to apply. This role would be involved in all aspects of leading pricing actuarial support for Risk Placement Services (RPS). It is expected that this role will provide support for a number of business units as required. This is a highly visible position in an area of strategic importance for RPS.

Requirements

• Bachelor's degree in actuarial science, mathematics, finance, statistics, economics or related field
• 8+ years of experience
• ACAS or FCAS
• Breadth of experience across commercial lines products and lines of businesses, across property and casualty
• Strong understanding of the insurance business (including insurance accounting)
• Leadership experience

Nice To Haves

• Deep expertise in pricing, product development, reserving, underwriting performance management
• Experience with catastrophe modeling / predictive analytics considered a plus
• Technology skills - Microsoft Office, data extraction and manipulation (e.g., SQL), presentation tools (e.g., Power BI)
• Committed team player, client-focused, highly-motivated
• Strong attention to detail
• Ability to multi-task and meet deadlines
• Ability to solve problems creatively by asking questions and exploring solutions
• Willingness to get involved at all levels / all aspects of the process as necessary
• Outstanding interpersonal skills (written and verbal)

Responsibilities

• Responsible for developing and managing relationships with key stakeholders, both internally and externally
• Leading projects and initiatives
• Managing and directing the activities of the pricing actuarial team
• Recruitment, development, and training of the pricing actuarial team, as needed
• Ongoing responsibility for strategic analyses and business partnership to help business units achieve target loss ratios, including underwriting improvement plans
• Produce and communicate regular portfolio management analytics across business units
• Pricing and Rating tool development for new programs
• Maintenance of pricing and rating tools for existing programs
• Develop tools for identifying and monitoring aggregation of coverage for certain classes or specific exposures
• Product development - industry, peer, and market analyses to support new initiatives
• Leading initiatives to enable standardization and automation across data and reporting
• Play a key role in driving strategy around the use of technology, external data, and the collection and organization of enterprise data
• Liaise with carrier partners on matters of program and portfolio underwriting performance
• Other relevant duties as assigned

Benefits

• Medical/dental/vision plans, which start from day one
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave
• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program - elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree