Vice President Chief Actuary

Arbella Insurance Group•Quincy, MA

3d•$280,000 - $325,000

About The Position

The Vice President Chief Actuary is a strategic leadership role responsible for overseeing actuarial models and indication development, advanced analytics, innovation, and data-driven strategies. The role guides teams in providing actionable insights, risk evaluations, predictive modeling, and financial forecasting to support business objectives and regulatory compliance. The leader is expected to challenge, develop, and lead staff, using a hands-on, service-oriented, collaborative approach aligned with Arbella’s culture and values. The position leads actuarial and data science teams and integrates actuarial science and advanced analytics into pricing, underwriting, risk management, risk selection, and business strategies. It oversees reserving, pricing and product-development support, loss-ratio forecasting, actuarial valuation, assumption-setting, regulatory compliance, and financial reporting. The role also guides predictive modeling, machine-learning applications, AI tools, data governance, model validation, algorithm transparency, and cloud-based analytics adoption. The Vice President Chief Actuary collaborates with senior executives and partners across IT, Finance, Underwriting, Product, the Office of General Counsel, and Claims. The role translates analytical findings into business recommendations, presents to stakeholders and board members as needed, represents the function in executive meetings and business events, and fosters innovation, accountability, continuous improvement, employee engagement, and Arbella’s values. It directs recruitment, staff development, performance management, and succession planning, while meeting financial plan goals.

Requirements

FCAS, ACAS, or equivalent is required.
15+ years of progressive experience in property and casualty actuarial roles, including at least 5–7 years in a senior leadership position.
Proven experience managing cross-functional teams, including data scientists, actuaries, and analysts.
Deep understanding of statistical modeling, machine learning, and AI applications in insurance or financial services.
Strong relationship-building and collaboration skills, integrity, and ethical standards.
Excellent communication skills, including the ability to explain complex ideas and present to senior leaders, officers, the Board of Directors, and independent agents.
High energy and motivation to drive continuous improvement; ability to act as a diplomatic change agent and customer advocate.
Ability to develop strong, trusting relationships with partner agents.
Proven record of attracting, developing, and retaining high-performing talent and building collaborative teams.
Demonstrated ability to manage large teams.
Strategic thinking, strong business acumen, and financial insight.
Innovative and creative collaboration, strong leadership presence, and a collaborative style.
Effective analytical and problem-solving capabilities.
Deep P&C industry expertise and familiarity with reinsurance practices and partnerships.
Experience with programming languages such as Python, R, or SQL and with data platforms.

Nice To Haves

Master’s or Ph.D. in Actuarial Science, Data Science, Statistics, Mathematics, or a related field.

Responsibilities

Lead and grow high-performing actuarial and data science teams.
Integrate actuarial science and advanced analytics into pricing, underwriting, risk management, risk selection, and business strategies.
Collaborate with senior executives on enterprise decision-making, data strategy and governance, and AI strategy and governance.
Oversee reserving, actuarial support for pricing and product development, and loss-ratio forecasting.
Ensure regulatory compliance and support financial reporting.
Lead actuarial valuation processes and assumption-setting.
Guide development of predictive models, machine-learning applications, and AI tools.
Establish best practices in data governance, model validation, and algorithm transparency.
Translate complex data insights into strategic business recommendations.
Partner with IT, Finance, Underwriting, Product, the Office of General Counsel, and Claims to integrate models and insights into operations.
Present findings and recommendations to board members and stakeholders when necessary.
Promote innovation, continuous improvement, and ethical use of data.
Lead adoption of new technologies, modeling techniques, and cloud-based analytics platforms.
Meet financial plan goals with demonstrated financial acumen and a disciplined approach.
Represent the Actuarial/Data Science function in executive meetings and off-site events, including agent councils, board, social, leadership, and business-planning events.
Foster accountability, innovation, and continuous improvement.
Promote employee engagement and Arbella values, including embracing employee differences.
Direct recruitment, staff development, performance management, and succession planning.