Senior Managing Actuary, Pricing Center of Excellence

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Position Overview:

Reporting to the Vice President, Actuary – Head of Pricing, the Senior Managing Actuary will own pricing tools, the ongoing large-scale pricing tool transformation, and portfolio analytics for all of Ascot U.S.’s direct business. The Senior Managing Actuary will also be expected to partner with underwriting leadership to facilitate pricing tool modernization and development of faster, more granular portfolio analytics.

Responsibilities:

• Lead the Pricing team’s involvement in pricing tool transformation project

• Lead Pricing team’s transition to the Earnix rating environment and utilization of the Earnix portfolio analytics environment

• Lead and streamline actuarial support for rating tools and associated processes

• Provide strategic guidance on actuarial support for rate filings for all direct lines 

• Oversee development of new rating models and rating tools as driven by the LOB actuaries

• Further enhancements to rate monitoring and data quality in the pricing tools

• Develop and implement analytical tools to enhance portfolio monitoring

• Manage and develop a team of actuaries and data analysts

• Commit to The Ascot Way: Demonstrate The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability

   

Requirements:

• A bachelor's degree in mathematics, statistics, economics, or related field with a strong mathematical background is required

• Solid understanding and consistent demonstration of actuarial principles, techniques, and standards 

• Minimum of 10 but typically 12 or more years of relevant experience; proven experience in P&C Pricing

• At least 5 years as FCAS (preferred) or 7 years as ACAS

• Effective leadership of team and ownership of multiple processes, projects, BUs 

• Anticipates organizational needs and imparts sense of urgency on others as appropriate; demonstrated ability to train and develop junior analysts

• Prioritizes appropriately, for self and team, and holds others accountable to expectations

• Helps identify root causes of mistakes, proactively reaches out to others to prevent future mistakes

• Proactively expands network of trusted advisors

• Solicits, accepts, and reacts positively to feedback; proactively provides feedback

• Shares knowledge with broader organization, helping to set strategy

• Develops team’s analytical and professional skill set

Compensation:

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include an annual cash bonus and other forms of discretionary compensation awarded by the Company. 

The annualized base pay range for this role is: $230,000 - $235,000

Company Benefits:

The Company provides a competitive benefits package that includes the following (eligibility requirements apply): 

• Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more 

• Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver) 

• Retirement Benefits: Contributory Savings Plan (401k)