Job Description

We are seeking an Actuary Leader in our Boston, MA office to set the pace and outcomes for the company from a pricing and reserving perspective, while helping to guide new markets that can be explored.

The Chief Actuary is a senior executive responsible for overseeing all actuarial functions within the organization, including pricing, reserving, risk management, and financial reporting. This role ensures the integrity of actuarial models, compliance with regulatory standards, and alignment of actuarial strategy with the company’s overall financial and growth objectives. This role serves as a key advisor to executive leadership, providing insight and guidance on the financial implications of business decisions and long-term strategic planning.

Responsibilities:

Actuarial Leadership & Management

• Oversee all actuarial departments and supervise actuarial teams to ensure efficient and timely execution of daily, monthly, and annual deliverables.
• Lead, mentor, and develop actuarial staff, fostering a culture of analytical excellence and accountability.
• Establish and maintain best practices for actuarial operations and reporting processes.

Risk Management

• Identify, evaluate, and manage financial risk exposures related to accidents, illnesses, liabilities, and market fluctuations.
• Collaborate with executive leadership to develop strategies for maintaining profitability and capital adequacy under various risk scenarios.

Strategic Leadership

• Serve as a key member of the executive team, contributing to corporate strategy and long-term financial planning.
• Align actuarial strategies and insights with business objectives, supporting organizational growth and sustainability.
• Provide executive-level insight into emerging market trends, risk exposures, and financial projections.

Pricing and Product Development

• Develop and validate pricing models for insurance products to ensure competitiveness and profitability.
• Partner with product development and underwriting teams to design innovative insurance solutions aligned with customer needs and market trends.
• Monitor portfolio performance and adjust assumptions or models as needed to meet financial targets.

Regulatory Compliance and Governance

• Ensure all actuarial methodologies, models, and assumptions comply with applicable laws, regulations, and industry standards.
• Maintain transparency and integrity in actuarial reporting to internal and external stakeholders, including auditors and regulators.
• Oversee the preparation and submission of actuarial statements and certifications required by regulatory agencies.

Financial Reporting and Analysis

• Oversee actuarial input into financial statements and ensure the accuracy of reserves, loss ratios, and related projections.
• Collaborate with finance, underwriting, and investment departments to provide comprehensive financial analysis.
• Support executive and board-level reporting with data-driven insights into financial performance and risk exposure.

Qualifications:

• Education: Bachelor’s degree in mathematics, Actuarial Science, Statistics, Finance, or a related analytical discipline; Master’s degree preferred.
• Experience: Minimum 10+ years of progressive actuarial experience in a Fortune 100 company or equivalent large-scale enterprise.
• Professional Designations: Minimum U.S. actuarial qualifications such as Fellow of the Casualty Actuarial Society (FCAS) or equivalent designation (FSA, MAAA).
• Technical Skills: Advanced proficiency in actuarial software, statistical modeling tools, data analytics platforms, and Microsoft Office Suite.
• Leadership Skills: Proven record of leading actuarial teams, managing large-scale projects, and influencing executive decision-making.
• Business Acumen: Strong strategic and financial insight with the ability to balance profitability, growth, and regulatory obligations.
• Communication: Exceptional verbal and written communication skills with the ability to convey complex technical concepts to non-technical stakeholders.

Opportunity for Advancement:

For the successful candidate that demonstrates aptitude and a desire to learn and advance, this position may offer opportunities for advancement to positions of increasing responsibility and authority within CIG’s insurance enterprise.

Compensation:

We offer a competitive compensation package, including bonus opportunity, health, dental, vision, life, disability insurance, matching 401k, paid time off and holidays.

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