Head of Actuary

MGT is the first AI-driven, neo-insurer focused on evolving commercial P&C insurance for the brokers and small business owners. By combining the expertise of industry veterans with state-of-the-art technology, we are ushering in the next evolution of commercial insurance and working to move the industry forward through the use of modern technology, better processes, and a rock-star team. We seek visionary leaders who thrive in dynamic, entrepreneurial settings, and excel in autonomous roles.

MGT Insurance is seeking a Head of Actuarial to own both pricing and reserving for our AI-native commercial P&C carrier. Reporting to the Head of Insurance, this is MGT's senior-most actuarial seat and you will set actuarial strategy and be the hands-on practitioner building the models, rate filings, and reserve estimates that MGT's underwriting, finance, and executive teams rely on. This is a dual-mandate role spanning both sides of the actuarial function: pricing (rate adequacy, rating plan design, filed rate changes) and reserving (loss reserve estimates, IBNR, reserve adequacy testing).

You will also serve as the actuarial voice into MGT's AI actuarial agent, ensuring pricing logic and risk selection signals are actuarially sound as they get embedded into an automated underwriting environment.

• Own MGT's pricing function including rate indications, rating plan design, rate filings, classification and territory relativities, and schedule rating logic across MGT's lines of business
• Own MGT's reserving function - quarterly reserve estimates, IBNR analysis, loss development studies, and reserve adequacy testing
• Serve as the actuarial sign-off for rate filings submitted to state insurance departments; partner with Legal and Compliance on regulatory rate justification
• Partner with Underwriting on rate adequacy by class, segment, and geography - flagging pricing inadequacy or opportunity as the book develops
• Serve as the actuarial SME for Athena, MGT's AI underwriting agent - validating that pricing logic, appetite signals, and risk scoring embedded into the platform are actuarially sound
• Own loss trend analysis and translate findings into pricing and underwriting guideline recommendations
• Partner with Finance on reserve-related financial reporting, statutory filings, and audit support
• Contribute actuarial perspective to reinsurance treaty structuring, submissions, and loss pick discussions
• Present pricing and reserving results to the Co-CEOs, board, and external stakeholders including reinsurers and auditors
• Build actuarial infrastructure; data pipelines, modeling standards, and documentation that scales as MGT's book grows
• Evaluate and incorporate new data sources and modeling techniques (including AI/ML-driven pricing approaches) into MGT's actuarial practice

• 10+ years of actuarial experience in commercial P&C insurance, with direct experience in both pricing and reserving
• Demonstrated experience owning rate filings and reserve estimates independently - not just supporting them
• Strong technical foundation: GLMs, loss development triangles, rate indication methodology, and reserve adequacy testing
• Experience working with state insurance department rate filing requirements and processes
• Ability to translate complex actuarial analysis into clear recommendations for underwriting, product, and executive stakeholders
• Comfortable operating as a build-from-scratch or small-team actuarial function - hands-on with the work, not just directing others

• FCAS or ACAS designation strongly preferred; candidates with substantial equivalent experience and progress toward fellowship will be considered
• Experience in small commercial or BOP lines specifically
• Experience integrating actuarial models into real-time underwriting or quoting systems - API-driven or AI agent environments
• Experience with reinsurance treaty structuring and loss pick development
• Proficiency in R, Python, or similar tools for actuarial modeling and analysis

Hybrid minimum 3 days a week onsite based in Denver, CO, Madison, WI, or San Francisco, CA

The base salary range for this role is $190,000 - $300,000 annually
. Compensation will depend on qualifications, experience, and location. This role is also eligible for performance-based bonus and equity, in addition to a comprehensive benefits package.

We recognize that no candidate will meet every qualification and encourage individuals with relevant experience and…