Director, Actuary

Pie’s mission is to empower small businesses to thrive by making commercial insurance affordable and as easy as pie. We leverage technology to transform how small businesses buy and experience commercial insurance.

Like our small business customers, we are a diverse team of builders, dreamers, and entrepreneurs who are driven by core values and operating principles that guide every decision we make.

The Director, Actuary is responsible for leading Corporate Actuarial functions for workers’ compensation and other P&C lines of business. This leadership position will manage a growing team of actuaries responsible for actuarial analyses in the areas of reserving, reinsurance, pricing, rate making, analytics, and systems integration in support of Pie’s pricing and financial goals. Duties also include enhancing enterprise risk management capabilities, applying predictive models, researching workers’ compensation industry trends, and developing and delivering presentations to a senior level audience.

This work is used to develop financial forecasts and influence decisions of senior management; the results are communicated to a broad group of stakeholders, including Claims, Underwriting, Business Development, Actuarial and Product; this role will have significant visibility with the senior leadership group. Strong technical background, the ability to dig into details and find early indicators of problems, and communication skills to a wide audience, written and oral, will distinguish the ideal candidate.

• Ensure the consistent use of methods and assumptions across all lines of business as part of loss trends deep dives and regularly recurring work.
• Guide team members in developing the loss trends storylines for Workers’ Compensation and other lines of business.
• Manage regular reporting deliverables including competitor commentary and pure premium relativity.
• Establish relationships and collaborate with cross-functional areas to better prioritize work within the team and support the development of insurance trends.
• Collaborates with other actuaries and business units within Pie to ensure effective execution of actuarial data driven initiatives.

• Responsible for high quality and reproducible predictive and descriptive tools for business use.
• Closely reviews innovative models and recommends regulatory approach to innovation.
• Monitors business portfolio KPIs such as frequency and severity trends and proactively informs senior management.
• Collect, aggregate, and analyze data from multiple internal and external sources.
• Write and maintain code to build and maintain data pipelines for production models.
• Use and develop advanced actuarial techniques to discover patterns, insights, and trends in Pie data.
• Produce sound rate level indications with advanced understanding of actuarial rate making methodology.
• Work with Pie’s reinsurers and reinsurance broker to optimize Pie’s reinsurance program and create reporting, including bordereau materials, for reinsurance partners.
• Work with external partners like AM Best, auditors, and external consultants, as necessary.
• Partner with the Data team to identify and establish actuarial data requirements.
• Provide regular status updates to Pie’s senior leadership.
• Identify issues and recommend mitigation strategies.
• Ensure key stakeholders are identified and regularly informed of project status.
• Lead in the development and documentation of actuarial department processes.

• Support, mentor, and coach as well as provide professional development for your team. Provide continuous feedback and opportunities for career development.
• Work in partnership with the People Partner on performance improvement and coaching plans.
• Identify…