VP - Corporate Actuarial and Reinsurance

October 29

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Root Inc.

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Car Insurance • Mobile App • Technology • Automotive Telematics • Insurance

1001 - 5000 employees

Founded 2015

💳 Fintech

👥 B2C

Description

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

Requirements

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