Chief Actuary, Executive Vice President
Chief Actuary, Executive Vice President
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 385000 - 535000
1 Vacancy
Job Description
Job Summary:
The Chief Actuary will lead the actuarial function with a strategic focus on driving innovative solutions overseeing pricing and reserving strategies and effectively communicating complex actuarial decisions to diverse audiences including senior leadership regulators and external partners. This role requires a forward-thinking leader who can shape the companys actuarial vision while staying true to Zeniths time-tested philosophy ensuring financial stability in a dynamic market.
Key Responsibilities:
- Strategic Leadership: Partner with the CEO and other senior executives to lead the organization. Develop and execute the actuarial strategy for the organization and partner with other disciplines to ensure alignment with company goals. Drive long-term financial sustainability through proactive risk management and innovative solutions.
- Pricing and Reserving: Oversee the development and implementation of pricing models and reserve methodologies ensuring accuracy compliance and alignment with business objectives.
- Innovative Solutions: Lead the design and adoption of new product offerings actuarial tools predictive models and data-driven solutions to enhance underwriting risk assessment and claims management.
- Communication: Translate complex actuarial concepts into clear actionable insights for diverse audiences including C-suite executives regulators agents brokers and insureds. Present pricing and reserving decisions with clarity and confidence to support strategic decision-making.
- Regulatory Compliance: Ensure all actuarial practices comply with all applicable regulations maintaining robust documentation and reporting standards.
- Team Leadership: Manage and mentor team fostering a collaborative and innovative environment. Promote professional development and technical excellence. Ensure we have adequate resources to meet the needs of the organization.
- Stakeholder Collaboration: Partner with underwriting claims finance and product development teams to integrate actuarial insights into business operations and drive cross-functional initiatives.
- Assumed/Ceded Reinsurance: Manage all assumed and ceded reinsurance programs. Work with ceding companies and reinsurance brokers on submissions pricing marketing and contracting.
- Market Analysis: Monitor industry trends competitive landscapes and emerging risks to inform strategic recommendations and maintain a competitive advantage
- Data and Technology Integration: Leverage data and technology to improve decision support tools used by the organization. Investigate emerging technologies to find opportunities to enhance actuarial processes improve predictive accuracy and streamline operations.
Qualifications:
- Bachelors degree in Actuarial Science Mathematics Statistics or a related field required; advanced degree preferred.
- Fellow of the Casualty Actuarial Society (FCAS) designation required.
- Minimum of 15 years of actuarial experience with at least 5 years focused on workers compensation insurance in an officer-level leadership role.
- Proven expertise in pricing reserving and predictive modeling specific to workers compensation.
- Experience with alternative funding mechanisms including loss sensitive products captives TPA arrangements helpful not required.
- Exceptional communication skills with the ability to present complex information to non-technical audiences including executives regulators rating agencies insurance agents brokers and insureds.
- Strong leadership experience with a track record of managing high-performing teams and driving strategic initiatives.
- Established relationships with industry stakeholders including regulators and reinsurers.
- Proficiency in actuarial software and data analytics tools.
- Deep understanding of regulatory requirements and industry standards.
- Innovative mindset with a passion for developing new solutions to address evolving market needs.
- Ability to thrive in a fast-paced environment and manage multiple priorities effectively.
The expected salary range for this position is $385000 to $535000. Actual pay will be adjusted based on experience geographic location and other job-related factors as permitted by law. Qualifications may warrant placement in a different job level.
Benefits
- Medical Dental and Vision Insurance
- Flexible Spending Accounts
- Paid Parental Leave
- Life AD&D and Disability Insurance
- 401(k) Employee Share Purchase Plan (ESPP)
- Education and Training Reimbursement
- 10 paid Company Holidays
- Employee Assistance Program (EAP)
- For more information review details on the Benefits page of our Career Site: typically posts jobs for a minimum of 8 to 14 calendar days. If you are interested in any of our open positions we encourage you to submit your application promptly.
Zenith Insurance Company is an equal opportunity employer and considers all qualified applicants for employment without regard to race color religion sex sexual orientation gender identity national origin disability protected veteran status or any other legally protected compliance with California law we are committed to fair hiring practices. Pursuant to the California Fair Chance Act (AB 1008) we will consider qualified applicants with criminal histories in a manner consistent with the law. Additionally in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance we will not inquire about an applicants criminal history until after a conditional offer of employment has been made.
If you are a qualified individual with a disability or a disabled veteran and need assistance accessing our career center or applying for a position due to your disability you are entitled to request an accommodation. To make a request please contact a Human resources representative at Zenith Insurance Company.
#LI-EF1
#LI-HybridRequired Experience:
Chief
Employment Type
Full-Time
