Head of Middle Market Casualty Pricing

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Starr Insurance is looking for a dynamic actuarial leader to advance their Middle Market pricing capabilities for Primary Casualty lines of business. This will include developing new pricing models and processes, enhancing portfolio management capabilities, and spearheading other analyses and projects to improve profitability. This newly created position will report to the Chief Pricing Officer and the preferred role location is in Starr’s New York office although the role can also be based out of Atlanta, Boston, Chicago, Houston, Los Angeles, or Philadelphia.

Responsibilities:

• Work across functions to lead complex and creative actuarial pricing analyses to improve risk selection and pricing for Middle Market primary General Liability, Workers Compensation, and Commercial Auto.
• Perform detailed pricing analysis including the development of rates, rating plans, parameter analyses, rate indications, trend studies, and portfolio management strategies.
• Develop, maintain, and enhance pricing models – including multivariate models.
• Work with other US and International pricing actuarial leaders, IT, and other departments on developing and executing the pricing tool platform strategy.
• Produce granular profitability metrics including pricing action strategy and execution planning with the Profit Centers leadership teams.
• Over time, build out Middle Market Casualty Pricing team.
• Foster partnerships across the organization to improve Middle Market Casualty profitability.
• Provide thought leadership and pricing consultation to underwriting leadership.
• Deliver pricing/actuarial training to underwriters and other colleagues.
• Stay updated on industry trends and emerging risks to inform pricing decisions.
• Perform due diligence on new business opportunities.
• Support development of new products.
  
  

Qualifications:

• FCAS or ACAS.
• Ideally 15 years of actuarial experience including significant experience pricing commercial casualty lines of insurance.
• Independent self-starter who is capable of building tools and processes from scratch.
• Strong communication skills with the ability to communicate results from actuarial analyses to non-technical audiences and senior management.
• Experience building pricing tools.
• At a minimum some knowledge of predictive modeling (eg – GLMs or machine learning techniques). Hands-on predictive modeling experience is a plus.
• Familiarity with SQL or other data management tools. Strong data skills are a plus.
• Knowledge of competitor capabilities and market trends.
• Prior experience with small business package insurance and/or MGA business is a plus.
• Ability to build relationships, collaborate and establish credibility with various stakeholders.
• Experience leading projects.
• Prior managerial experience is preferred, but not required.
• Adaptability and the ability to manage ambiguity.
  
  

For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $250,000-$300,000

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.