Director of Actuarial

Overview

Our client is an early-stage technology-enabled insurance platform modernizing captive insurance and risk transfer. The company helps organizations turn risk into a strategic financial asset.

This role owns actuarial work across the captive lifecycle. You will perform or oversee feasibility analyses, develop pricing models, calculate reserves, and ensure regulatory compliance. The ideal candidate brings deep technical expertise from a major carrier, reinsurer, or consulting firm and is energized by building a function from the ground up.

• Feasibility Analysis: Provide actuarial support for prospective captive formations, including loss projections, premium development, and reserve estimates. Manage external actuarial vendors conducting formal feasibility studies. Participate in sales discussions to provide directional guidance on risk financing economics.
• Premium Pricing: Develop actuarially sound pricing for captive insurance policies using historical loss data, exposure information, and risk characteristics.
• Loss Reserving: Calculate IBNR/IBNE reserves. Analyze claims development patterns, apply appropriate methodologies, and ensure reserve adequacy for financial reporting.
• Retention & Program Analysis: Advise on optimal retention levels, coverage structures, and risk distribution. Perform or oversee statistical testing to support IRS compliance.
• Vendor Management: Manage external actuarial firms responsible for Statements of Actuarial Opinion and regulatory filings.
• Process Development: Build scalable actuarial workflows, templates, and quality standards.
• Platform Development: Partner with engineering teams to embed actuarial logic and models into a technology platform.

• FCAS, FSA, ACAS, or ASA preferred
• 8+ years of actuarial experience at a major carrier, reinsurer, or top-tier consulting firm
• Experience across multiple lines (property, casualty, workers’ comp, professional liability)
• Strong hands-on modeling skills; experience with Python, R, or similar preferred
• Familiarity with captive insurance structures
• Ability to operate autonomously in a build-from-scratch environment
• Based in New York or willing to relocate

The base salary range for this role is $250,000 – $325,000 annually for New York-based hires, in compliance with applicable pay transparency laws. Compensation may vary based on experience, qualifications, and location.