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Senior Actuarial Manager

Ryan Specialty Group

Chicago, Illinois

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JOB DETAILS
SKILLS
Actuarial Skills, Analysis Skills, Automation, Change Management, Coaching, Compensation and Benefits, Computer Programming, Data Science, Distribution Channel, Fellowship, Finance, Leadership, Mathematics, Mentoring, Microsoft Excel, Model Validation, Performance Analysis, Predictive Modeling, Pricing, Process Improvement, Product Pricing, Profit & Loss, Profit & Loss Analysis, Python Programming/Scripting Language, R Programming Language, Reinsurance, Risk, Risk Management, SQL (Structured Query Language), Statistics, Talent Management, Team Lead/Manager, Underwriting
LOCATION
Chicago, Illinois
POSTED
2 days ago
Position Summary
As Sr. Actuarial Manager at Velocity Risk, you'll lead a growing team of actuaries at the crossroads of traditional actuarial science and cutting-edge data science-owning pricing sophistication, predictive analytics, and data-driven decision-making for a fast-moving specialty property insurer. You'll 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 2-3 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
  • Bachelor's 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 organization. Our 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 expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This 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.

How We Support Our Teammates

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 goals. In addition to paid time off for company holidays, vacation, sic

About the Company

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Ryan Specialty Group

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