Specialty Actuary, Excess Casualty

Job not on LinkedIn

October 30

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ICW Group

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Insurance • B2B • Social Impact

ICW Group is a comprehensive insurance provider specializing in workers' compensation, catastrophe, and assumed reinsurance. They offer a wide array of services including claims reporting, risk management, and preventive safety measures to protect businesses and their employees. ICW Group is committed to providing excellent customer service and enhancing workplace safety. Additionally, they are involved in philanthropy, particularly focusing on improving the lives of children in the communities they serve. The company also facilitates various resources for agents and policyholders to seamlessly manage insurance requirements and claims processes.

1001 - 5000 employees

🤝 B2B

🌍 Social Impact

📋 Description

• Perform advanced pricing analyses, develop actuarial models, and provide insights to support product launches, and portfolio reviews • Support the pricing of individual large complex accounts and work closely with E&S underwriters • Ensure the design, maintenance and use of pricing tools is consistent with actuarial approaches • Prioritize and lead actuarial projects as business needed • Collaborating with the underwriting team on new business opportunities • Support the development of pricing tools across the E&S product lines • Support portfolio management, data reporting and quote/binder negotiations • Evaluate and refine pricing assumptions based on emerging loss trends, litigation climate, and competitive positioning • Identify opportunities for model improvements and provide support to identify good risks with adequate pricing to achieve target rate of return • Analyze both internal and external data sources to identify trends, assess risk, and uncover new product opportunities • Act as a trusted actuarial partner to Product, Underwriting, and Claims teams to shape strategies and ensure profitability targets are achieved • Translate complex actuarial findings into clear, actionable recommendations for stakeholders • Provide technical leadership in cross-functional initiatives, ensuring actuarial input is well-represented in broader business decisions • Design, build, and document pricing models, tools, and processes to improve accuracy, scalability, and efficiency • Collaborate with developers and analysts to automate workflows and improve access to actuarial data • Contribute to the enhancement of data infrastructure and visualization platforms (e.g., SQL, Power BI) • Analyze portfolio performance across geographies, industries, and segments to identify growth and remediation opportunities • Support quarterly planning efforts, including loss ratio projections and reinsurance strategy • Partner with Reserving and Finance to inform capital modeling and ensure alignment across functions.

🎯 Requirements

• Bachelor’s degree required in Actuarial Science, Statistics, Mathematics, Computer Science, or a related field; Master’s or other advanced degree preferred • ACAS required; FCAS preferred • Minimum 7+ years of actuarial experience in P&C insurance, with a strong focus on pricing and/or technical modeling • Demonstrated success in Commercial Lines (GL, Commercial Auto, and etc.) and/or E&S market environments • Proficient in R, Python, @RISK and SQL; expert in actuarial and statistical modeling techniques • Experienced with data visualization tools (e.g., Tableau, Power BI) • Strong understanding of rating structures, pricing methodologies, and insurance operations • Strong technical pricing skills with knowledge of exposure-based pricing, experience modelling, catastrophe modelling and stochastic simulation techniques. • Excellent verbal and written communication skills; able to clearly explain complex actuarial concepts to both technical and non-technical audiences • Strong ownership mindset and ability to work independently while contributing to team initiatives • Strategic thinker with a proactive attitude and comfort working in ambiguity.

🏖️ Benefits

• Competitive benefits package, with generous medical, dental, and vision plans • 401K retirement plans and company match • Bonus potential for all positions • Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year) • 11 paid holidays throughout the calendar year • Professional development support