Champlain Insurance Group · 1 month ago
Chief of Actuary
Boston, MA
Full-time
Onsite
Director/Executive
10+ years expChamplain Insurance Group is seeking a Chief Actuary to lead their actuarial functions from their Boston, MA office. This senior executive role involves overseeing pricing, reserving, risk management, and ensuring compliance with regulatory standards while aligning actuarial strategies with the company's financial objectives.
Commercial InsuranceInsuranceRisk Management
Hiring Manager
Hector Almanza
Responsibilities
Oversee all actuarial departments and supervise actuarial teams to ensure efficient and timely execution of daily, monthly, and annual deliverables
Lead, mentor, and develop actuarial staff, fostering a culture of analytical excellence and accountability
Establish and maintain best practices for actuarial operations and reporting processes
Identify, evaluate, and manage financial risk exposures related to accidents, illnesses, liabilities, and market fluctuations
Collaborate with executive leadership to develop strategies for maintaining profitability and capital adequacy under various risk scenarios
Serve as a key member of the executive team, contributing to corporate strategy and long-term financial planning
Align actuarial strategies and insights with business objectives, supporting organizational growth and sustainability
Provide executive-level insight into emerging market trends, risk exposures, and financial projections
Develop and validate pricing models for insurance products to ensure competitiveness and profitability
Partner with product development and underwriting teams to design innovative insurance solutions aligned with customer needs and market trends
Monitor portfolio performance and adjust assumptions or models as needed to meet financial targets
Ensure all actuarial methodologies, models, and assumptions comply with applicable laws, regulations, and industry standards
Maintain transparency and integrity in actuarial reporting to internal and external stakeholders, including auditors and regulators
Oversee the preparation and submission of actuarial statements and certifications required by regulatory agencies
Oversee actuarial input into financial statements and ensure the accuracy of reserves, loss ratios, and related projections
Collaborate with finance, underwriting, and investment departments to provide comprehensive financial analysis
Support executive and board-level reporting with data-driven insights into financial performance and risk exposure
Qualification
Required
Bachelor's degree in mathematics, Actuarial Science, Statistics, Finance, or a related analytical discipline
Minimum 10+ years of progressive actuarial experience in a Fortune 100 company or equivalent large-scale enterprise
Minimum U.S. actuarial qualifications such as Fellow of the Casualty Actuarial Society (FCAS) or equivalent designation (FSA, MAAA)
Advanced proficiency in actuarial software, statistical modeling tools, data analytics platforms, and Microsoft Office Suite
Proven record of leading actuarial teams, managing large-scale projects, and influencing executive decision-making
Strong strategic and financial insight with the ability to balance profitability, growth, and regulatory obligations
Exceptional verbal and written communication skills with the ability to convey complex technical concepts to non-technical stakeholders
Preferred
Master's degree
Benefits
Bonus opportunity
Health
Dental
Vision
Life
Disability insurance
Matching 401k
Paid time off
Holidays
Company
Champlain Insurance Group
Champlain Insurance Group offers general liability insurance and excess insurance services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Tom Dulapa
President & Chief Operating Officer at Champlain Insurance Group
Curtis Kochman
Vice President of Revenue / CRO of Champlain Insurance Group
Company data provided by crunchbase