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Actuary - Captive Insurance
Cleveland, Ohio $85,000/Year
Direct Hire
Hybrid
Actuary – Captive Insurance
Location: Remote or Hybrid (with occasional travel)
Industry: Captive Insurance & Risk Management
Experience Level: Minimum 2 years
About the Role
We are seeking a licensed Actuary with a strong focus on captive insurance to join our dynamic team. This role is ideal for a creative problem solver with experience in rating captives and simplified rating models. You will play a key role in developing and refining actuarial methodologies in-house to support a range of captive insurance programs, working closely with internal teams and clients to create customized risk solutions.
Key Responsibilities
What We’re Looking For
Location: Remote or Hybrid (with occasional travel)
Industry: Captive Insurance & Risk Management
Experience Level: Minimum 2 years
About the Role
We are seeking a licensed Actuary with a strong focus on captive insurance to join our dynamic team. This role is ideal for a creative problem solver with experience in rating captives and simplified rating models. You will play a key role in developing and refining actuarial methodologies in-house to support a range of captive insurance programs, working closely with internal teams and clients to create customized risk solutions.
Key Responsibilities
- Captive Rating & Pricing: Develop and refine simplified rating models for captive insurance programs.
- Actuarial Analysis: Conduct loss forecasting, reserve analysis, and pricing evaluations for captives.
- Program Design: Collaborate with risk consultants, underwriters, and finance teams to structure customized risk financing solutions.
- Creative Problem Solving: Innovate and adapt actuarial techniques to fit the unique needs of captive insurance clients.
- Data Interpretation: Analyze historical claims data and trends to enhance pricing strategies.
- Regulatory Compliance: Ensure actuarial methodologies align with industry regulations and captive requirements.
- Collaboration: Work closely with internal teams to support captive feasibility studies, underwriting, and financial modeling.
What We’re Looking For
- Bachelor's degree in actuarial science, mathematics, statistics or related
- Licensed Actuary with relevant credentials (ASA, ACAS, FSA, or FCAS preferred).
- Minimum 2+ years of actuarial experience, with a focus on captive insurance and rating methodologies.
- Strong understanding of simplified rating models and experience developing pricing structures for captives.
- Highly creative thinker with the ability to apply actuarial principles in non-traditional, alternative risk environments.
- Strong analytical and problem-solving skills with attention to detail.
- Ability to communicate complex actuarial concepts to non-technical stakeholders.
- Experience with actuarial modeling tools and software (Excel, R, Python, SQL, or other relevant platforms).
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