Location: On-site in Glen Allen, VA office
Position Overview
We are now seeking an Actuary to join our growing team. This is a unique opportunity to play a critical role in the expansion of the company’s actuarial department.
The Actuary will report directly to the Chief Actuarial Officer and contribute to a range of business decisions based on actuarial analysis and forecasting to maximize profit and growth. The ideal candidate will have 3-5 years of P&C actuarial experience with a focus on property lines, hold the ACAS designation, and have experience programming in Python.
Responsibilities
- Ongoing analyses of rates and results, primarily focused on our Commercial Property line of business.
- Pricing and reserving for Commercial Property.
- Rate change monitoring.
- Programming to automate actuarial and data-related tasks.
- Data-sharing with executive team and staff underwriters.
- Work cross-functionally to aid in the development of internal tools and products.
- Respond to ad hoc requests from product line and executive leaders.
- Other actuarial work as assigned.
- Bachelor’s degree in actuarial science, mathematics, data science, statistics, or related subjects.
- 3+ years of relevant actuarial experience.
- Prior actuarial experience supporting property lines required.
- ACAS designation or very close to obtaining ACAS.
- Proven programming experience with Python, R, Java, or C (Python preferred).
- Property & casualty experience required. Excess & surplus lines experience is a plus.
- Excellent time management and organizational skills.
- Excellent analytical ability.
- Strong written and verbal communication skills.
Compensation:
At the time of posting, the expected base salary range for this role is $110,000-$140,000 annually. Additionally, this position is eligible for participation in our annual bonus program. Actual compensation will be determined by many factors, including but not limited to, location, education, certifications, qualifications, relevant experience, internal equity, business need, and any applicable minimum wage requirements. Richmond National offers a comprehensive benefits package, more details on which can be found below.
Skills Required
- Bachelor's degree in actuarial science, mathematics, data science, statistics, or a related subject
- At least 3 years of relevant actuarial experience
- Prior actuarial experience supporting property lines
- ACAS designation or very close to obtaining ACAS
- Programming experience with Python, R, Java, or C; Python preferred
- Property and casualty experience
- Excess and surplus lines experience
- Excellent time management and organizational skills
- Excellent analytical ability
- Strong written and verbal communication skills
What We Do
Richmond National is a specialty property & casualty insurance company focused on providing insurance to small and mid-size businesses that are unable to find coverage in the standard insurance market. We operate exclusively within the excess & surplus lines market, which provides our underwriters flexibility to develop highly tailored policies to best meet the insurance needs and risk management objectives of our customers. We work with a select group of appointed wholesale brokers that are deeply familiar with our insurance products and our underwriting appetite in the areas in which we focus. We believe that our wholesale broker partners value access to carriers that are consistent, stable sources of wholesale-only E&S capacity that can respond quickly to opportunities. Our company was formed by a group of highly experienced industry professionals, many of whom have worked for some of the most successful E&S carriers in the industry. Members of our management team have also been responsible for the formation or capitalization of several successful startup and early stage specialty insurance companies. We have adopted the best practices of the specialty insurance companies we have been involved with over the last 25 years while also incorporating the use of modern, cloud-based technology to help drive efficiency across our business in order to better serve our customers and business partners.
