VP - Corporate Actuarial and Reinsurance

October 29

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Logo of Root Inc.

Root Inc.

Car Insurance β€’ Mobile App β€’ Technology β€’ Automotive Telematics β€’ Insurance

1001 - 5000

Description

β€’ Overall responsibility for leading, managing, and improving the programs, projects, and processes relating to reserving, reinsurance, pricing and underwriting partnership, enterprise risk management. β€’ Oversee appointed actuary and corporate actuarial team leading the monthly reserving processes, ensuring accurate and reliable estimates of loss reserves. β€’ Use statistical techniques and actuarial modeling to monitor trends, factoring in economic changes, competitor behavior, and internal shifts. β€’ Collaborate with senior leadership to design and implement reinsurance strategies that optimize risk transfer, capital allocation, and surplus preservation. β€’ Conduct comprehensive market research and analysis to identify market segments, customer needs, and competitive landscape. β€’ Champion initiatives to enhance automation and predictive analytics within actuarial and risk management functions. β€’ Manage, lead and develop Corporate Actuarial team members. β€’ Maintain relationships with regulators, Board of Directors, Audit Committee, and other industry stakeholders.

Requirements

β€’ 15+ years of actuarial experience, preferably with at least 5 years in personal auto insurance. β€’ Fellowship in the Casualty Actuarial Society (FCAS) designation required. β€’ Ability to participate effectively on the senior management team. β€’ Strong analytical skills with solid understanding of all casualty actuarial techniques, standards, and assumptions. β€’ Experience structuring and executing comprehensive reinsurance programs. β€’ Expert in capital modeling. β€’ Expert level understanding of complex reinsurance arrangements, and impact on surplus, RBC and risk management. β€’ Ability to work in a fast-paced environment. β€’ Expert knowledge of insurance operations and P&C insurance business. β€’ Excellent management and communication skills. β€’ Experience managing and leading a team.

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