Anywhere Position Summary:
This role would be involved in all aspects of leading pricing actuarial support for Ryan Specialty. 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 Ryan Specialty.
Location:
Chicago – Illinois – Wacker
What will your job entail?
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 US 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
Education:
- Bachelor’s degree in actuarial science, mathematics, finance, statistics, economics or related field
Experience:
- 15+ years of experience
- Fellow of Casualty Actuarial Society preferred, will consider ACA
- 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
Skills:
- Excellent technical aptitude, including:
- Actuarial skills – 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)
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
How We Support Our Teammates
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them – and their family members – achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
The target salary range for this position is $206,360.00 – $270,847.00 annually.
The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The base pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.
We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com
The above is intended to describe this job’s general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.