Pricing Actuary

About Us

Our mission is to be the leading insurance solutions provider in our targeted industries, offering underwriting expertise and bespoke solutions to our clients.  Verist provides multi-line insurance solutions to middle market and large accounts across the Real Estate, Hospitality, Financial Institutions, Professional Services, and Life Sciences industries. Our approach is grounded in disciplined underwriting, deep industry expertise, and close collaboration with our broker partners to deliver bespoke risk management solutions.

About the role

The Pricing Actuary will be dedicated to modeling and pricing renewal and new business policies for the Verist team. The Pricing Actuary will develop and use complex financial models in order to consistently deliver profitable results and sustain the long term strategic direction of the team.

Key responsibilities

• Enhances, reviews, and monitors pricing models used throughout the group to ensure they reflect the highest standards and provides consistent indications across all lines of business.
• Works integrally with underwriting team on deals and participates in meetings with brokers and clients.
• Prices complex programs as needed.
• Drives pricing decisions based on advanced risk pricing tools and legal/macro trend analyses.
• Liaises with Underwriting, Claims & Loss Control team and the Chief Actuary to ensure that pricing analysis reflects all relevant and applicable information.
• Works closely with Catastrophe Modelling team to price concentration accounts.
• Assists pricing studies that monitor the profitability of products with accountability for the gross/net profitability of lines of business and industry segment.
• Monthly tracking/reporting on key actuarial metrics across all lines of business (Rate change, rate change trends, loss trends, etc.).
• Handles numerous data and report requests relating to regulatory, rating agency and financial reporting needs.
• Communicates results, analysis, and recommendations in a manner that is understandable and allows management to make operational changes where necessary.

About you

• Undergraduate or advanced degree preferred
• Minimum of 7 years of actuarial experience
• Demonstrated track record of consistently exceeding performance expectations
• Strong analytical and problem solving skills
• Well organized and able to meet deadlines
• Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint)
• Excellent communication (both written and verbal) skills
• Comfortable working in a team setting or independently