UW Risk Model Lead
Workers CompCommercial PropertySuretyCyberCapital Modelling & Economic CapitalReinsurance Structuring & PricingUW Support & Portfolio Management
Role Summary
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Lead actuarial role in Global Risk Solutions focused on underwriting risk parameterization and capital modelling for commercial lines. You will manage a small team building, validating, and implementing UW risk models (excluding catastrophe) and support reinsurance evaluation. Role is based in Boston, MA and requires strong casualty actuarial expertise and experience with capital modelling tools like ReMetrica.
JOB DESCRIPTION SUMMARY
- Lead a small team to design and maintain underwriting risk models (excl. catastrophe)
- Parameterize UW risk and validate model functionality for commercial lines
- Develop tools to evaluate and optimize the GRS reinsurance program
- Work closely with Underwriting and Actuarial to translate business needs
- Boston-based manager role; FCAS or equivalent preferred with 7–10 years’ experience
DOMAIN EXPERTISE
- Deep understanding of commercial lines insurance and reinsurance
- Underwriting risk and capital modeling experience
- Experience with ReMetrica and capital modelling tools
- Expert Excel and VBA; R or Python experience a plus
- Progressive actuarial experience including supervisory roles
KEY REQUIREMENTS
- 7–10 years progressively responsible actuarial experience, including supervisory experience
- FCAS or equivalent actuarial designation (or advanced degree plus relevant experience)
- Strong casualty actuarial techniques and underwriting risk modelling expertise
- Experience with UW risk / capital modelling software, including ReMetrica
- Expert Excel and VBA; R and Python experience a plus
TECH STACK
- Excel