Vice President, Head of Actuarial and Data Science

Quincy, WA - USA

Monthly Salary: $ 280000 - 325000

Posted on: 8 hours ago

Vacancies: 1 Vacancy

Job Summary

The Vice President Head of Actuarial and Data Science is a strategic leadership role responsible for overseeing the development and execution of actuarial models and indication development advanced analytics innovation and data-driven strategies. This leader will guide teams in delivering actionable insights risk evaluations predictive modeling and financial forecasting to support the companys business objectives and regulatory compliance. This leader has the ability to challenge develop and lead their staff in pursuit of the functions business objectives. A hands-on style a service oriented/collaborative approach and a deep passion for excellence to align with the culture of Arbella and its values.

Lead and grow high-performing actuarial and data science teams.
Drive the integration of actuarial science and advanced analytics to inform pricing underwriting risk management risk selection and business strategies.
Collaborate with senior executives on enterprise-wide decision-making data strategy and governance and AI strategy and governance.
Oversee reserving actuarial support for pricing and product development and loss ratio forecasting activities.
Ensure compliance with regulatory standards and support financial reporting.
Lead actuarial valuation processes and assumption-setting.

Guide the development of predictive models machine learning applications and AI tools to enhance decision-making.
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 Office of General Counsel and Claim teams to integrate models and insights into operations.
Present findings and recommendations to board members and stakeholders when necessary.

Promote a culture of innovation continuous improvement and ethical use of data.
Lead the adoption of new technologies modeling techniques and cloud-based analytics platforms.
Demonstrated financial acumen and meet all financial plan goals with a disciplined approach.
Represent the Actuarial/Data Science function in all executive meetings and off-site events including agent councils board social leadership and other required business planning.
Foster a culture of accountability innovation and continuous improvement.
Lead and nurture an environment that promotes employee engagement and Arbella values including embracing the differences in all employees.
Direct recruitment staff development performance management and succession planning.

Requirements:

Associate or Fellowship in the Society of Actuaries (FSA) or equivalent (required).
Masters or Ph.D. in Actuarial Science Data Science Statistics Mathematics or related field (preferred).
15 years of progressive experience in property and casualty actuarial roles with at least 5-7 years in a senior leadership position.
Proven experience in 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 builder and collaborator with a high degree of integrity and ethical standards.
Excellent communication skills with the ability to break down complex ideas and articulate and present them to various audiences including senior leaders officers the Board of Directors and Arbellas independent agents.
High energy level: motivated to provide continuous improvement to the organization must be a diplomatic change agent and advocate for the customer.
Ability to develop strong trusting relationships with our partner agents.
Proven record in attracting developing and retaining high-performing talent and building strong collaborative teams.
Demonstrated ability to manage large teams.
Strategic thinker with strong business acumen and financial insight.
An innovative and creative collaborator with strong leadership presence and collaborative style.
Effective analytical and problem-solving capabilities.
Deep industry expertise in P&C and familiarity with reinsurance practices/partnerships.
Experience with programming languages (e.g. Python R SQL) and data platforms.

Our current reasonable and good faith estimate of the annual salary range for this position is approximately $280000 - $325000 based on a variety of factors including but not limited to relevant skills and experience educational background and certifications performance and qualifications market demand for the role and other organizational needs.

Please note: The advertised pay range is not a guarantee or promise of a specific wage.

#LI-CL1

Required Experience:

Exec

Lead and grow high-performing actuarial and data science teams.
Drive the integration of actuarial science and advanced analytics to inform pricing underwriting risk management risk selection and business strategies.
Collaborate with senior executives on enterprise-wide decision-making data strategy and governance and AI strategy and governance.
Oversee reserving actuarial support for pricing and product development and loss ratio forecasting activities.
Ensure compliance with regulatory standards and support financial reporting.
Lead actuarial valuation processes and assumption-setting.

Guide the development of predictive models machine learning applications and AI tools to enhance decision-making.
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 Office of General Counsel and Claim teams to integrate models and insights into operations.
Present findings and recommendations to board members and stakeholders when necessary.

Promote a culture of innovation continuous improvement and ethical use of data.
Lead the adoption of new technologies modeling techniques and cloud-based analytics platforms.
Demonstrated financial acumen and meet all financial plan goals with a disciplined approach.
Represent the Actuarial/Data Science function in all executive meetings and off-site events including agent councils board social leadership and other required business planning.
Foster a culture of accountability innovation and continuous improvement.
Lead and nurture an environment that promotes employee engagement and Arbella values including embracing the differences in all employees.
Direct recruitment staff development performance management and succession planning.

Requirements:

Associate or Fellowship in the Society of Actuaries (FSA) or equivalent (required).
Masters or Ph.D. in Actuarial Science Data Science Statistics Mathematics or related field (preferred).
15 years of progressive experience in property and casualty actuarial roles with at least 5-7 years in a senior leadership position.
Proven experience in 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 builder and collaborator with a high degree of integrity and ethical standards.
Excellent communication skills with the ability to break down complex ideas and articulate and present them to various audiences including senior leaders officers the Board of Directors and Arbellas independent agents.
High energy level: motivated to provide continuous improvement to the organization must be a diplomatic change agent and advocate for the customer.
Ability to develop strong trusting relationships with our partner agents.
Proven record in attracting developing and retaining high-performing talent and building strong collaborative teams.
Demonstrated ability to manage large teams.
Strategic thinker with strong business acumen and financial insight.
An innovative and creative collaborator with strong leadership presence and collaborative style.
Effective analytical and problem-solving capabilities.
Deep industry expertise in P&C and familiarity with reinsurance practices/partnerships.
Experience with programming languages (e.g. Python R SQL) and data platforms.

Please note: The advertised pay range is not a guarantee or promise of a specific wage.

#LI-CL1

Required Experience:

Exec

Key Skills

Change Management
Financial Services
Growing Experience
Managed Care
Management Experience
Analysis Skills
Senior Leadership
Performance Management
Process Management
Leadership Experience
negotiation
Analytics

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About Company

Arbella

Join the Boston Business Journal’s #1 Best Place to Work! Founded in 1988 in Quincy Massachusetts, Arbella provides car insurance, home insurance and business insurance in Massachusetts and Connecticut, as well as business insurance in New Hampshire and Rhode Island. Financially stro ... View more

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