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Vice President - Actuarial

Vice President - Actuarial

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Job Details
Uploaded On
July 4, 2024
Minneapolis, United States
Company Overview
Rolling Meadows, IL
Number of Employees
Estimated Number of Actuaries
Glassdoor Ratings
Recommend to a Friend
Overall Score
3.6 / 5

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you're close but not an exact match, we encourage you to apply.


As a growing, entrepreneurial company in a niche industry, Gallagher Re offers true career opportunity to qualified applicants, and we are currently recruiting exceptional individuals in our actuarial department. The role encompasses a wide range of activities, including reinsurance pricing analysis, interaction with our Broking teams, client interaction as well as research projects. This broad-based introduction to the reinsurance sector will position you for significant future growth opportunities within our firm.

Our team-oriented culture will promote development, enabling you to gain a balanced skill set, including acumen in analysis, negotiations, etc. As you gain experience and demonstrate your capabilities, we provide you with increased client interaction and more responsibility.

How you'll make an impact

As Vice President, you will provide actuarial reinsurance pricing and dynamic portfolio optimization support for our clients and prospects. Line of business focus: Personal lines Property (Cat and Non-Cat), Casualty, and Medical Malpractice.

Account Analysis & Support:
  • Perform actuarial analysis to develop loss model for client business, estimate reinsurance pricing, and determine optimal reinsurance structures given client risk profile and underwriting strategy
  • Present analyses in clear terms appropriate to the audience
  • Provide value-added service to clients as needed
  • Market Research and Development
  • Assist in market and line of business studies to credentialize Gallagher Re as thought leader in reinsurance and primary marketplace
  • Work closely with other analytical associates across Gallagher Re, including other actuaries, catastrophe modelers, rating agency advisory, ERM and capital markets associates

Problem Solving:
  • Able to apply advanced mathematical / actuarial concepts and techniques
  • Skilled in using Microsoft Excel and other software
  • Skilled in R and Python
  • Seeks appropriate data needed for analysis
  • Considers issues in depth, not just superficially
  • Finds effective, creative solutions
  • Applies high standard of quality control
  • Seeks assistance / support as appropriate

Interpersonal & Communication Skills:
  • Builds strong working relationships with brokers and clients
  • Demonstrates good listening skills
  • Exhibits positive attitude
  • Clearly explains technical concepts in appropriate detail

About You

  • Bachelor's degree or commensurate experience; 5-10 years' related experience
  • ACAS or FCAS
  • Proficiency in Microsoft Office and R and/or Python
  • Moderate travel required, including some overnight travel.
  • Ability to travel by automobile and aircraft and work outside or normal business hours as required.
  • Ability to perform work on varied customer properties; entails negotiating non-public access areas, climbing, lifting, sitting, standing and walking for extended periods of time.


Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you'll get, depending on your job level these benefits may improve:
  • Medical/dental/vision plans, which start from day one!
  • Life and accident insurance
  • 401(K) and Roth options
  • Tax-advantaged accounts (HSA, FSA)
  • Educational expense reimbursement
  • Paid parental leave

Other benefits include:
  • Digital mental health services (Talkspace)
  • Flexible work hours (availability varies by office and job function)
  • Training programs
  • Gallagher Thrive program - elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
  • Charitable matching gift program
  • And more...

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it's embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees' diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as "protected characteristics") by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
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