Truist Financial

Senior Actuary - Pricing and Predictive Analytics

Truist Financial$100K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • ACAS or FCAS preferred; strong exam progress toward ACAS considered.
  • 7+ years of actuarial experience in commercial property & casualty insurance, focusing on pricing.
  • Experience in predictive modeling and pricing analytics.
  • Proven ability in segmentation and portfolio optimization.
  • Exposure to machine learning techniques is beneficial.
  • Experience with program business, MGAs, carriers or reinsurance is a plus.
  • Proficient in Excel; SQL, Python, or R knowledge is advantageous.

Responsibilities

  • Drive the development and optimization of actuarial pricing models.
  • Build and implement predictive models to enhance pricing sophistication.
  • Conduct analyses to support pricing decisions such as rate adequacy and loss cost reviews.
  • Execute actuarial rate reviews and update in-house pricing parameters.
  • Lead profitability studies and provide actionable insights during portfolio reviews.
  • Analyze portfolio performance to identify trends and emerging risks.
  • Develop and automate data tools and enhance actuarial infrastructure.

Benefits

  • Comprehensive medical, dental, and vision insurance.
  • Life, disability, and AD&D insurance coverage.
  • Tax-advantaged savings accounts.
  • 401(k) plan with company match.
  • Generous paid time off including vacation and sick days.
  • New parent leave and company holidays.
  • Potential access to restricted stock units and deferred compensation plan.
Full Job Description
An Actuarial Services Senior Professional (ACAS or exam progressed candidate) will support pricing and predictive modeling initiatives across our specialty programs division. This role requires deep expertise in actuarial modeling, data analytics, and insurance pricing, along with the ability to independently execute advanced statistical analyses and influence business decisions. The ideal candidate combines strong technical acumen with sound business judgment and excels at translating complex actuarial insights into actionable recommendations. This position partners closely with underwriting, analytics, and actuarial leadership. KEY RESPONSIBILITIES Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. Pricing & Predictive Analytics • Drive the development and ongoing optimization of actuarial pricing models. • Build and implement predictive models (e.g., GLMs and other statistical learning techniques) to improve pricing sophistication. • Conduct rate adequacy analyses, loss cost reviews, and trend analyses to support pricing decisions. • Execute actuarial rate reviews and update parameters within in-house pricing models. • Support pricing for large and complex accounts in partnership with underwriting teams. Portfolio Analytics & Performance Monitoring • Lead profitability studies and quarterly portfolio reviews, providing actionable insights and underwriting recommendations. • Analyze portfolio performance using diverse data sources to identify trends, cost drivers, and emerging risks. • Develop and maintain portfolio management tools and pricing frameworks. Data, Tools & Innovation • Build and automate data pipelines, dashboards, and analytical tools to improve efficiency and accuracy. • Leverage large and complex datasets, including incomplete or inconsistent data, to generate insights. • Drive innovation in pricing methodologies, data usage, and modeling techniques. • Contribute to development and enhancement of actuarial tools and infrastructure. Cross-Functional Collaboration • Partner with underwriting, claims, finance, IT, and operations to align pricing strategies with business objectives. • Support program underwriting teams across multiple lines of business. • Collaborate with reserving actuaries and finance teams to ensure consistency in assumptions and profitability views. • Contribute to product development, including pricing support for new and existing programs. EDUCATION AND EXPERIENCE The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Qualifications & Experience • ACAS or FCAS preferred; candidates with strong exam progress toward ACAS will be considered. • Approximately 7+ years of actuarial experience in commercial property & casualty insurance, with strong emphasis on pricing. • Strong experience in predictive modeling and pricing analytics. • Experience with segmentation, elasticity modeling, and portfolio optimization. • Exposure to machine learning and advanced analytics techniques is a plus. • Experience building end-to-end pricing or underwriting tools. • Experience with program business, MGAs, carriers, or reinsurance is a plus. • Strong knowledge of statistical modeling techniques, including GLMs and other machine learning methods. • Familiarity with Verisk ISO and S&P Global product suites. • Proficiency in Excel and actuarial analysis; experience with SQL, Python, or R is a plus. • Ability to clearly summarize analytical results for non-actuarial stakeholders. General Description of Available Benefits for Eligible Employees of CRC Group: At CRC Group, we're committed to supporting every aspect of teammates' well-being - physical, emotional, financial, social, and professional. Our best-in-class benefits program is designed to care for the whole you, offering a wide range of coverage and support. Eligible full-time teammates enjoy access to medical, dental, vision, life, disability, and AD&D insurance; tax-advantaged savings accounts; and a 401(k) plan with company match. CRC Group also offers generous paid time off programs, including company holidays, vacation and sick days, new parent leave, and more. Eligible positions may also qualify for restricted stock units and/or a deferred compensation plan.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

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Learn more about Truist Financial
Size
50,283 employees
Market Cap
$56.6 billion
Industry
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