Lead Pricing Actuary

Description

THREE is a growing insurance provider that sells a unique and straightforward insurance policy to small businesses – from restaurants, to electricians, to consultants – covering them against property risks (e.g. fire, theft, flood), lawsuits, and more. It was born out of and remains part of Berkshire Hathaway, one of the most respected companies in the world. At THREE, you’ll join a team of experienced insurance operators that chooses to run lean, promotes autonomy, and is charged with building a small commercial insurer that challenges the largest players in its space.

We are seeking a Lead Pricing Actuary to oversee actuarial pricing for THREE, our comprehensive small business insurance product. This position plays a critical leadership role in shaping the pricing strategy, ensuring accurate and timely rate updates, and driving ongoing improvement in pricing segmentation and methodology.

This individual will be accountable for the full annual pricing cycle, from scoping and execution through rate filing and implementation. They will manage a small team of actuaries and work closely with our data science and modeling experts to translate analytical insights into actionable pricing decisions.

This role spans the Commercial Property, Liability (GL, PL, D&O, EPLI, etc), Commercial Auto, and Workers Compensation lines of business.

• Lead the actuarial pricing function for the THREE product, ensuring accurate, data-driven rate adequacy and segmentation.
• Own the annual rate review process, including planning, timeline management, and sign-off.
• Manage and mentor a team of actuarial analysts, overseeing workflow, deliverables, and development.
• Review and validate analyses to minimize errors in rate filings and improve efficiency and transparency.
• Partner with data science and modeling teams to incorporate predictive model outputs into pricing decisions.
• Conduct and oversee deep dives into key industries or customer segments to identify opportunities for refinement.
• Maintain strong controls and documentation around pricing assumptions, methods, and results.
• Collaborate cross-functionally with product, operations, and finance to align pricing initiatives with business objectives.
• Provide actuarial expertise and recommendations to senior management.

Required Experience:

• ACAS designation (or near-FCAS) preferred; significant pricing experience required.
• 8–12 years of P&C actuarial experience, with a strong focus on pricing.
• Experience managing staff and owning deliverables with accountability to senior leadership.
• Deep understanding of rate review processes, regulatory filings, and pricing governance.
• Working knowledge of GLM and predictive modeling techniques.
• Exceptional attention to detail and organizational skills; able to manage multiple concurrent projects.
• Strong written and verbal communication skills.

Preferred Experience:

• Commercial lines experience, particularly small business or package products.
• Experience collaborating with data science or predictive modeling teams.
• Strong coding skills in SQL and Python/R.
• Familiarity with catastrophe (CAT) modeling concepts, including interpretation of model outputs and incorporation into pricing models.

Our parent, Berkshire Hathaway Inc. () is a holding company with diversified interests in a host of industries, including insurance, energy, transportation and manufacturing. Most policies issued through THREE will be underwritten by Berkshire Hathaway Direct Insurance Company ("BHDIC"), which is an AM Best rated A++ insurer.

BHDIC is domiciled in Omaha, Nebraska. BHDIC and the team at biBerk are focused on helping small business owners quickly and easily buy affordable insurance directly from a financially strong insurance company they can trust.

• Medical (PPO/HDHP), vision, disability, and life insurance.
• Enhanced dental plan with orthodontia coverage in addition to a standard plan.
• Generous PTO plan for all benefit-time eligible employees.
• Paid company holidays and 4 floating holidays.
• Paid parental leave.
• Employee Retirement Savings Plan/401(k) with company match and immediate vesting.
• Educ…