Delegated Business Pricing Actuary - Delegated Portfolio

Delegated Business Pricing Actuary - Delegated Portfolio page is loaded## Delegated Business Pricing Actuary - Delegated Portfolio remote type:
Hybrid locations:
NY-NYC (Ave of Americas):
IL-Chicago time type:
Full time posted on:
Posted Todayjob requisition :
JR-000743

MSIG USA continues to grow!
** Company Overview:
** is the US-based subsidiary of , one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.
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* Location:

** New York City, Warren NJ, Philadelphia PA Metro, Chicago IL (Hybrid)
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* Position Overview:

** MSIG USA is a quickly growing, an A+ insurance carrier that specializes in Casualty, Property, Marine, Cyber, Financial Lines, and Credit insurance.  Delegated Authority business is one of our fastest growing segments.

We are seeking an experienced actuary to lead pricing and portfolio underwriting initiatives for delegated authority programs and specialty commercial lines. This role combines technical actuarial expertise with strategic business partnership to ensure competitive yet profitable pricing across our P&C portfolio.
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* Key Responsibilities:

**** Pricing Strategy & Model Development:
*** Evaluate existing and new programs using actuarial techniques to assess portfolio profitability, performing deep dives into detailed segmentation
* Drive innovation by designing, programming, and maintaining essential tools for pricing and portfolio monitoring.
* Conduct structural analysis and provide actionable recommendations based on pricing insights to optimize program performance.
* Recommend changes to program structure, including share, attachment point, terms, and commission structure
** New program due diligence:
New and renewal relationships
*** Collaborate with our Delegated Underwriting team to identify new Delegated Managing General Agent/ Underwriter (MGA/MGU) relationships
* Assess MGA/U books of business and management team for pricing, claims handling, financial, operational, and technology quality, including the MGA/U’s insurance product’s value proposition and market fit
* Conduct actuarial modelling to recommend appropriate sliding scale commission structures, and accruals/ payments based on contract term
* As needed, support due diligence projects for MGA/U mergers and acquisition (M&A) activity and/or divestment
** Portfolio Monitoring & Insights:
*** Track portfolio rate changes, pricing adequacy, and shifts in underwriting mix for new and renewal business, providing insights to guide Program Managers in making informed decisions.
** Data and Technology
*** Lead data business requirements and testing for actuarial related analyses for our new data lake
* Evolve bordereaux ingestion approaches and technology to modernize data capture, tracking and analysis.  Become MSIG USA’s business domain leader on delegated premium, exposure, and loss data use to support the business unit.
* Drive automation of existing and new analyses into model updates, analytics, and dashboards
** Collaboration & Leadership:
*** Partner with underwriting, product development, and program managers to guide pricing decisions.
* Provide trusted council and advice to Delegated Underwriting Leadership on difficult Go/No-Go decisions, as well as to the CFO on financial accruals and peg loss ratios
* Act as a liaison with Program Managers, supporting negotiations on terms and structures by leveraging pricing analysis and strategic insights.
* Mentor junior team members within Actuarial, the Delegated Authority business unit, and business partners in Finance, Claims, Underwriting, and Technology
* Present findings and recommendations to senior leadership.
* Bring your A game every day
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* Qualifications:

*** ACAS or FCAS designation (or near completion).
* 5-10+ years of P&C actuarial experience, including program or specialty lines pricing.
* Strong proficiency in actuarial software and programming (Python, R, SQL, VBA preferred).
* Experience with delegated authority programs and…