About the Role
The Actuarial Director – Pricing leads the pricing strategy, methodologies, and actuarial processes for Ryan Specialty’s underwriting portfolio. This role partners with underwriting, product development, and executive leadership to price accounts, develop innovative products, and ensure disciplined risk selection and portfolio performance. The Actuarial Director provides strategic actuarial leadership, enhances pricing tools, and delivers data-driven insights to align underwriting results with financial and strategic objectives.
Responsibilities
- Lead the development, implementation, and enhancement of pricing methodologies, rating algorithms, and actuarial models.
- Partner with underwriting leadership to price new and renewal business and evaluate risk-adjusted profitability.
- Develop portfolio management and performance monitoring frameworks.
- Analyze internal and external data to identify trends impacting pricing and underwriting strategy.
- Collaborate with product development, underwriting, and distribution teams to design and enhance insurance products.
- Provide actuarial support for delegated underwriting authority programs, MGAs, and strategic partnerships.
- Develop and communicate pricing recommendations, profitability analyses, and strategic insights to executive leadership.
- Support strategic planning initiatives through forecasting, scenario testing, and evaluation of growth opportunities.
- Enhance actuarial tools, predictive analytics, and data capabilities.
- Evaluate and monitor pricing adequacy across lines of business and recommend corrective actions.
- Maintain awareness of industry trends, emerging risks, and competitive market conditions.
- Drive a culture of data-driven decision-making, operational excellence, and continuous improvement.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Data Science, or a related quantitative field.
- Minimum of 12 years of actuarial experience in property & casualty insurance, with significant experience in pricing, product development, or portfolio management.
- Demonstrated experience pricing large accounts, delegated authority programs, specialty insurance products, or alternative risk solutions.
- Minimum of 5 years of leadership or management experience with responsibility for developing actuarial teams and influencing cross-functional business decisions.
Skills
- Predictive analytics
- Catastrophe modeling
- Portfolio management
- Advanced statistical techniques
Experience Level
- 12+ years actuarial experience
- 5+ years leadership/management experience
Education Level
- Bachelor's degree in a quantitative field
- Fellow of the Casualty Actuarial Society (FCAS) required or strongly preferred
- Member of the American Academy of Actuaries (MAAA) preferred
Salary/Compensations
- $216,000.00 - $270,000.00 annually
Benefits
- Paid time off for company holidays, vacation, sick and personal days
- Paid parental leave
- Mental health services
About the Company
- Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals.
Equal Opportunity
- Ryan Specialty is an Equal Opportunity Employer.
- We are committed to building and sustaining a diverse workforce throughout the organization.
- Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions.
- Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities.
- This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
- We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law.
- Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
