AVP, Actuarial

Actuarial Department

New York, New York

Company Information:

Acrisure Re is an independent global reinsurance broker with a reputation for placing reinsurance programs covering complex and technical books of business.  Founded in Toronto more than 25 years ago we are one of the few reinsurance brokers that work on Global reinsurance placements.                                                                    

We act as a team to deliver success to our clients and to enable talent to thrive and develop. Innovation and creativity help us stand apart and underpin our growth. We empower our people and expect accountability and responsibility in turn, with ethics a critical component of everything we do.

Acrisure Re is an Agency Partner of Acrisure LLC, a global fintech-leader. Acrisure has grown at a rapid rate in recent years and is now one of the 10 largest insurance brokers in the world, with ambitious plans to continue growing at an accelerated and unprecedented pace. Beyond growth, Acrisure' s dedication to its highly unique business model, ownership structure and entrepreneurial culture, has put us on the envious path of being the largest, most successful privately held insurance brokerage in the industry.

About the Role:

The Assistant Vice President, Actuarial prices reinsurance contracts across varying insurance coverages and products and provides clients and brokers with continuous support throughout the (re)insurance lifecycle. Building on a solid actuarial foundation, the AVP is developing expertise in one or more niche areas and begins to input into Acrisure Re's actuarial standards and toolset. This is an individual-contributor role in which the AVP also mentors and supports the development of more junior analysts. Clients include growing numbers of traditional carriers and MGAs, single-state and regional mutuals, innovative Insurtechs, and multi-national specialty carriers.

Key Responsibilities:

• Perform pricing analyses for proportional, excess of loss, and structured reinsurance deals using actuarially sound assumptions.
• Develop dynamic stochastic models and perform reinsurance analyses to evaluate and compare different reinsurance strategies and pricing to meet client objectives.
• Communicate analysis results and complex technical concepts related to (re)insurers, capital markets, and clients.
• Support brokers in creating reinsurance submissions, pricing, structuring, and placing reinsurance, and evaluating new opportunities or partnerships.
• Provide input and support actuarial team members to respond to technical queries from clients, reinsurers, and brokers regarding data, trends, or results from actuarial and industry studies.
• Follow best practices within a specialist area; support on enterprise-wide initiatives.
• Support the creation and maintenance of analytical tools and follow Acrisure Re actuarial standards and best practices.
• Contribute to internal research, development projects, whitepapers, and working groups.
• Produces clear exhibits and visuals to lead discussion of key broking points. Verbal and written communication is clear and appropriate to the audience.

Skills, Experience, and Education:

• Bachelor's or higher degree, preferably in Actuarial Science, Statistics, Mathematics, or related STEM field.
• 4+ years of actuarial experience, preferably in a reinsurance pricing capacity
• ACAS or near-ACAS designation, with active progression toward FCAS.
• Actively maintains relevant Continuing Education requirements.
• Understanding of commercial, personal, cyber, and specialty lines (re)insurance products.
• Understanding of standardized (re)insurance pricing and reserving methodologies for property, casualty, specialty, and cyber coverages.
• Understanding of capital models and associated parameterization of pricing and reserve risk.
• Understanding of catastrophe models (RMS, AIR, KatRisk, etc.), including their output and associated pricing approaches.
• Strong Microsoft Excel skills and comfort with Microsoft Office Suite.
• Experience with R preferred. Familiarity with SQL, Python, and VBA languages an advantage.
• Familiarity with AI/LLM tools to support coding, analysis, research, and documentation.
• Willingness to attend external forums and conferences and to develop relationships with key stakeholders across the business.
• Domestic and overseas business travel may be required.
• Strong working knowledge of all actuarial tools and techniques.
• Strong problem-solving, numerical, and critical-thinking skills demonstrated in daily work.
• Self-motivated; able to work independently in a fast-paced environment and contribute as part of a dynamic team; strong interpersonal skills.
• Ability to complete detailed analyses with very little oversight, including keeping a clear audit trail.
• Good understanding of the techniques and assumptions used in analysis and their relevance; draws conclusions from output and articulates the advantages and disadvantages of different structures.
• Excellent time management and prioritization skills – keeps on top of their workload and ensures that everyone is up to date on where tasks under their responsibility stand.
• Good internal & external communicator with the ability to articulate complex concepts. Thinks on their feet and can respond appropriately in meetings, while seeking guidance as appropriate.
• Ability to create a comprehensive timeline and plan for actuarial support on a given deal and supports junior team members development.
• Applies AI and automation tools efficiently and exercises sound judgment on where they are and are not appropriate; models responsible, compliant use for more junior staff.
• Operate effectively across functional boundaries, building and sustaining internal relationships.
• Mentor junior team members, supporting professional growth and skill development.

Our Ethos

Acrisure prides itself in achieving greatness through its people. We are a flat structure organization that see the person behind the position. It's up to you to shape your career but we provide you with every tool that we can to help you get there.

We believe teams and solutions are made stronger through different perspectives, which is why we're committed to a culture of equality, diversity and inclusion.

At Acrisure we are committed to developing our people as we believe that investing in our employees is critical not only for their individual success but the success of the organization. Through The Acrisure Academy (our learning system) we offer a variety of tailored courses and learning programs to enhance your skills and foster a culture of innovation. Additionally, we also offer ongoing professional development resources, coaching, and mentoring … by growing our people, we grow our business!

We are not partnering with agencies on any roles unless specified by the Talent Acquisition Team. Please do not send any unsolicited emails or InMail's with resumes/CV's as they will not be accepted or credited.