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Arbella Insurance Group · 1 month ago

Vice President, Head of Actuarial and Data Science

1100 Crown Colony Drive, Quincy, MA 02169

Full-time

Onsite

Director/Executive

$280K/yr - $325K/yr

15+ years exp

Arbella Insurance Group is seeking a Vice President, Head of Actuarial and Data Science who will oversee the development and execution of actuarial models and advanced analytics. This strategic leadership role focuses on delivering actionable insights and guiding teams to support the company's business objectives and regulatory compliance.

Insurance

Growth Opportunities

Responsibilities

Lead and grow high-performing actuarial and data science teams

Drive the integration of actuarial science and advanced analytics to inform pricing, underwriting, risk management, risk selection and business strategies

Collaborate with senior executives on enterprise-wide decision-making , data strategy and governance and AI strategy and governance

Oversee reserving, actuarial support for pricing and product development, and loss ratio forecasting activities

Ensure compliance with regulatory standards and support financial reporting

Lead actuarial valuation processes and assumption-setting

Guide the development of predictive models, machine learning applications, and AI tools to enhance decision-making

Establish best practices in data governance, model validation, and algorithm transparency

Translate complex data insights into strategic business recommendations

Partner with IT, Finance, Underwriting, Product, Office of General Counsel and Claim teams to integrate models and insights into operations

Present findings and recommendations to board members and stakeholders when necessary

Promote a culture of innovation, continuous improvement, and ethical use of data

Lead the adoption of new technologies, modeling techniques, and cloud-based analytics platforms

Demonstrated financial acumen and meet all financial plan goals with a disciplined approach

Represent the Actuarial/Data Science function in all executive meetings, and off-site events including agent councils, board, social, leadership and other required business planning

Foster a culture of accountability, innovation, and continuous improvement

Lead and nurture an environment that promotes employee engagement and Arbella values, including embracing the differences in all employees

Direct recruitment, staff development, performance management and succession planning

Qualification

Fellowship in Society of ActuariesStatistical modelingMachine learningAI applicationsMaster’sPh.D. in related fieldProgramming languagesData platformsLeadership presenceAnalytical capabilitiesCollaborationCommunication skillsProblem-solving

Required

Associate or Fellowship in the Society of Actuaries (FSA) or equivalent

15+ years of progressive experience in property and casualty actuarial roles, with at least 5-7 years in a senior leadership position

Proven experience in managing cross-functional teams including data scientists, actuaries, and analysts

Deep understanding of statistical modeling, machine learning, and AI applications in insurance or financial services

Strong relationship builder and collaborator with a high degree of integrity and ethical standards

Excellent communication skills, with the ability to break down complex ideas and articulate and present them to various audiences including senior leaders, officers, the Board of Directors, and Arbella's independent agents

High energy level: motivated to provide continuous improvement to the organization, must be a diplomatic change agent and advocate for the customer

Ability to develop strong trusting relationships with our partner agents

Proven record in attracting, developing, and retaining high-performing talent and building strong, collaborative teams

Demonstrated ability to manage large teams

Strategic thinker with strong business acumen and financial insight

An innovative and creative collaborator with strong leadership presence and collaborative style

Effective analytical and problem-solving capabilities

Deep industry expertise in P&C and familiarity with reinsurance practices/partnerships

Experience with programming languages (e.g., Python, R, SQL) and data platforms

Preferred

Master's or Ph.D. in Actuarial Science, Data Science, Statistics, Mathematics, or related field

Company

Arbella Insurance Group

Voted a Boston Business Journal Best Place to Work since 2009! Founded in 1988 in Quincy, Massachusetts, Arbella provides affordable car, home, and business insurance in Massachusetts and Connecticut, and business insurance in New Hampshire and Rhode Island.

Founded in 2005

Quincy, Massachusetts, USA

501-1000 employees