Pricing Actuary

New York City, NY - USA

Monthly Salary: Not Disclosed

Posted on: 11 hours ago

Vacancies: 1 Vacancy

Job Summary

The Pricing Actuary will be responsible for the development implementation and maintenance of pricing models and strategies for insurance products. The individual in this role will leverage advanced actuarial techniques and statistical analysis to ensure that pricing is both competitive and financially sound. The Pricing Actuary will collaborate with cross-functional teams communicate findings to stakeholders and help drive business growth through data-driven insights.

Key Responsibilities:

Develop and maintain pricing models for insurance products using actuarial statistical and predictive modeling techniques.

Analyze experience data to recommend rate adjustments and ensure the profitability and competitiveness of products.

Collaborate with product development underwriting and finance teams to launch new products and revise existing offerings.

Monitor market trends regulatory changes and competitor activity to inform pricing strategy.

Prepare and present reports exhibits and recommendations to management and regulatory bodies.

Support rate filings and regulatory compliance efforts by providing necessary documentation and analysis.

Contribute to the design and execution of pricing strategies that balance risk profitability and market share.

Stay up to date with industry best practices and emerging actuarial technologies.

Qualifications:

Bachelors degree in Actuarial Science Mathematics Statistics Economics or a related field.

Associate or Fellow of the Society of Actuaries (ASA or FSA) preferred; progress toward designation will be considered.

3 years of actuarial experience in pricing preferably in property & casualty life or health insurance.

Proficiency with actuarial software and statistical tools (e.g. Excel SAS R Python SQL).

Strong analytical problem-solving and communication skills.

Experience with rate filings and regulatory requirements is highly desirable.

Ability to work effectively both independently and as part of a team.

U.S. residency required; applications from outside the United States will not be considered.

Compensation and Benefits:

Annual Salary Range: $110000 $150000 depending on experience education and geographic location within the U.S.

Benefits Package:

Comprehensive health dental and vision insurance

401(k) retirement plan with company match

Paid time off (vacation holidays sick leave)

Professional development support (exam fees study materials training)

Performance-based bonuses

Flexible remote work arrangements

Employee assistance programs and wellness initiatives