VP, Lead Actuary

This is a fully remote position, open to applicants in Connecticut, +1 more state.

📋 Description

• Oversee all elements of the actuarial practice for The Hanover’s Core Commercial Lines portfolio.

• Contribute to the formulation of Core Commercial business strategy and develop solutions in uncertain situations.

• Manage actuarial, data science, and integration teams.

• Enhance pricing sophistication, portfolio management, rate development and execution, third-party data integration, and competitive intelligence.

• Share responsibility and accountability for profitability across Core Commercial lines and overall business unit performance.

• Advise senior management and business leaders on the best courses of action.

• Act as a representative of the organization to both internal and external stakeholders.

• Engage in strategy development and ensure the effective execution of business strategies.

• Track trends in results and profitability by line, product, state, industry, and business unit.

• Guide the execution of necessary manual-rate filings across various lines and jurisdictions while providing policy/account-level pricing guidance.

• Enhance actuarial and data science processes, models, and methodologies.

• Promote operational efficiency and effectiveness.

• Present findings and recommendations, influence decisions, and facilitate their implementation.

• Collaborate with internal and external clients to set and achieve priorities and goals.

• Work alongside actuarial and analytics leaders to develop actuarial skills and data science expertise.

• Partner with technology, data science, and data collaborators on governance and compliance matters.

• Utilize AI and automation to enhance productivity and outcomes.

• Oversee team performance and compensation.

• Manage the financial budget and metrics for the relevant function.

⛳️ Requirements

• Bachelor’s Degree or higher in a pertinent technical field.

• Over 10 years of technical experience, including a minimum of 10 years in a management role.

• FCAS Designation is mandatory.

• Exceptional written and verbal communication skills.

• Ability to articulate complex actuarial and data science concepts to business partners effectively.

• Solid understanding of unit/corporate strategy, financial objectives, and industry trends.

• Proven track record of success in a matrixed organization and across various businesses and functional areas.

• Demonstrated proficiency in all techniques for modeling different assumptions.

• Expertise in data, modeling, and monitoring in alignment with business objectives.

• Experience navigating state regulatory environments.

• Capable of applying and interpreting company policies and procedures.

🏝️ Benefits

• Competitive salary and performance-based incentives.

• Comprehensive health and wellness benefits.

• Opportunities for professional development and growth.

• Flexible work arrangements to promote work-life balance.