Full Job Description
Reinsurance Lead Actuary
Responsibilities:
Reinsurance Pricing & Portfolio
• Own the actuarial pricing for SUI's casualty facultative book - experience and exposure rating, loss picks, and renewal assumptions - partnering closely with underwriters
• Build the pricing and portfolio-steering framework for SUI's growth lines: property facultative, broker facilities, and casualty treaty
• Perform loss ratio analysis, rate adequacy reviews, trend studies, and experience monitoring across the reinsurance book
• Stand behind your numbers - explain methodologies, loss picks, and renewal outcomes to underwriters, cedents, brokers, and leadership
Structuring & Growth
• Help shape how SUI grows - from a single casualty fac program into a multi-line reinsurance platform - bringing the actuarial lens to new-line launches and facility design
• Evaluate exposure, aggregation, and cat where it touches the book; support structuring and capacity decisions
• Bring rigor to portfolio construction: which risks, at what price, at what attachment, for what return
• Be comfortable marketing programs, updates and new initiatives to carrier partners
Data Science & AI
• Build SUI's data-science infrastructure from the ground up - the pipelines, the rating tools, the dashboards, the data architecture that the whole division will run on
• Apply modern data science - predictive modeling, GLMs, gradient boosting, clustering - to reinsurance pricing and portfolio problems
• Leverage AI tools (LLMs, agentic workflows, Claude) to automate and augment the work
• Modernize legacy spreadsheet-driven workflows into something you'd actually be proud of
Leadership & Cross-Functional Impact
• Sit on the Chief Actuary's leadership team - your work and your judgment shape strategy, not just spreadsheets
• Be the single actuarial point of contact for the reinsurance division: trusted, accountable, and visible
• Work directly with underwriting, claims, data engineering, analytics, and leadership across Novacore
• Contribute to tech-stack decisions - you'll evaluate platforms, prototype solutions, and build the reinsurance actuarial infrastructure
Qualifications:
Foundation
• Strong grounding in mathematical statistics, actuarial science, and practical (re)insurance fundamentals
• Reinsurance experience strongly preferred - treaty and/or facultative pricing, on the carrier, reinsurer, or broker side
• P&C and commercial-lines background; casualty exposure a plus given where SUI starts
• Progress toward CAS designation is valued; ACAS/FCAS is a plus but not required - we care more about what you can do than what letters follow your name
Technical Chops
• Programming proficiency in Python, R, and/or SQL - you don't need to be a software engineer, but you should be comfortable building things, not just running macros
• Hands-on experience with experience rating, exposure rating, and reinsurance pricing tools (e.g. Aon Altair, MetaRisk, or homegrown equivalents)
• Familiarity with modern data tools: version control (Git), cloud platforms, BI tools (Power BI, Tableau), or notebook environments (Jupyter)
The AI-Native Mindset
• You already use AI tools in your daily workflow - not because someone told you to, but because you can't imagine working without them
• Curiosity about how LLMs, agentic frameworks, and automation can transform traditional reinsurance workflows
• Willingness to prototype, experiment, and ship - not just theorize
The Human Stuff
• Hunger, conscientiousness, and a genuine desire to learn and grow into a leader
• Comfort operating in ambiguity - this is a division being built, not a mature book with documented SOPs
• Ability to communicate complex actuarial concepts to non-actuarial stakeholders - underwriters, cedents, brokers, leadership
• The judgment and presence to own the actuarial voice in the room
What You Won't Find in Most Reinsurance Actuary Postings
• A division to build. SUI is a casualty fac program today with ambitions across property fac, broker facilities, and casualty treaty. You're not maintaining a book - you're growing one, with the actuarial canvas to paint on.
• A seat at the table. This is a leadership-team role reporting directly to the Chief Actuary. No layers of middle management. Your work and your judgment shape strategy.
• AI-first investment. We don't just talk about AI - we invest in tokens, tools, and time. You'll have the resources to actually build with AI, not just attend webinars about it.
• Focus with a wide horizon. A dedicated remit on reinsurance, inside the broader actuarial strategy - deep enough to own, broad enough to never get stale.
• Exam support. We'll support your credential journey.
• A real path to leadership. Whether you step in as the lead or grow into it, this role is the actuarial home of the reinsurance division.
• We'll have fun. Seriously. We're building something new and doing it with people who actually enjoy the work.
You Might Be a Great Fit If...
• You've priced treaty or facultative reinsurance - and can explain a loss pick to an underwriter and a broker in the same breath
• You've built an experience- or exposure-rating tool in Python or R - not just run someone else's template
• You've used Git for version control on an actuarial project (or at least wished your team did)
• You've used an LLM to solve a real work problem - submission triage, data extraction, report drafting - and it changed how you think about your job
• You've looked at a legacy spreadsheet pricing process and thought "I could rebuild this properly"
• You read actuarial papers AND machine learning papers - and see the connections
• You want to build a division, not just join one
If even one of these resonate, we want to talk to you.
Experience Range
We're flexible here - the right person matters more than the exact resume. We'd love someone in the 5-10 year range with reinsurance pricing depth who can step straight into the lead seat. But we're equally open to an exceptional earlier-career actuary - strong technically, hungry, and ready - who grows into the lead. Tell us where you are and we'll build the role around the right person.