Position Summary
As Sr. Actuarial Manager at Velocity Risk youll lead a growing team of actuaries at the crossroads of traditional actuarial science and cutting-edge data scienceowning pricing sophistication predictive analytics and data-driven decision-making for a fast-moving specialty property insurer. Youll automate and elevate core actuarial processes tell the profitability story to executives and partners and collaborate closely with finance and reinsurance stakeholders to shape strategy in catastrophe-prone markets.What will your job entail
Job Responsibilities:
Lead end-to-end pricing strategy across our property portfolio ensuring rates align with risk growth and profitability goals.
Design build and maintain advanced pricing models using GLMs GAMs and GBMs including model governance validation and monitoring.
Own reserving strategy and delivery including IBNR loss ratio analysis and reserve adequacy reviews in partnership with Finance.
Upgrade modernize and maintain rating tools/raters so that underwriters and distribution partners have fast intuitive and accurate pricing.
Partner with underwriting product finance and reinsurance to translate analytics into portfolio product and reinsurance decisions.
Develop coach and grow a high-performing actuarial team; set clear expectations provide feedback and build actuarial bench strength.
Drive automation and process improvement for pricing and reserving reducing manual work and improving speed to insight.
Communicate complex actuarial and data science concepts in clear business-friendly language to executives and non-technical stakeholders.
Work Experience:
7 years of P&C actuarial experience with a focus on property lines; CAT/E&S or specialty property experience strongly preferred.
Direct experience leading both pricing and reserving workstreams including indications portfolio profitability reviews and reserve analyses.
Proven track record building validating and deploying pricing models using GLMs GAMs and GBMs ideally into production raters.
Experience upgrading and maintaining rating tools/raters for underwriters and distribution partners including testing and change management.
Prior responsibility for reserve studies (including IBNR) loss ratio monitoring and partnering with Finance on reserve reviews and planning.
Experience collaborating with underwriting product reinsurance and finance to steer portfolio strategy and improve profitability.
Minimum 23 years managing mentoring or leading actuarial staff with demonstrated success developing junior talent.
Background in a fast-paced environment (e.g. high-growth insurer MGA or insurtech) is a plus.
Education & Credentials
Bachelors degree (or higher) in Actuarial Science Mathematics Statistics Data Science or a related quantitative field.
ACAS required; FCAS preferred (or within a few exams of Fellowship).
Skills & Competencies
Advanced modeling skills using GLMs GAMs and GBMs for pricing segmentation and profitability analysis.
Strong programming skills in Python or R with working knowledge of SQL and Excel for data extraction transformation and analysis.
Experience with actuarial and modeling software (e.g. Emblem Radar or similar) is a plus.
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the 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 expressionsexual orientation and many other characteristics bring together varied perspectives and add value to the service we provide our clients trading partnersand 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.
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 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 $122320.00 - $152900.00 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 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 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
The above is intended to describe this jobs general requirements. It is not to be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements 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.
Required Experience:
Manager