Senior Actuarial Associate

Position Summary

Job Summary
As a Sr. Actuarial Associate at Velocity Risk, you’ll be a lead individual contributor driving pricing and predictive modeling for our property portfolio. You’ll own key models and analyses (GLMs, GAMs, GBMs), help upgrade and maintain raters for underwriters, and contribute to reserving and loss development work. You’ll also play a light leadership role, mentoring junior analysts and helping set best practices for the team.

What will your job entail?

Job Responsibilities

• Lead pricing analyses for assigned segments, including indications, segmentation, and portfolio profitability reviews.

• Design, build, and maintain predictive models (GLMs, GAMs, GBMs) to improve pricing sophistication and risk selection.

• Own portions of the rater upgrade and maintenance process, ensuring tools are accurate, efficient, and user-friendly for underwriters.

• Translate model results into rating factors, implementation specs, and filing-ready documentation.

• Contribute to reserving and loss development work (triangles, LDFs, IBNR) and help connect pricing and loss experience.

• Monitor actual vs. expected performance and model stability; recommend refinements to rating plans and models.

• Provide light mentoring to junior analysts on methods, coding standards, and data hygiene; review their work as needed.

• Help improve actuarial processes, automation, and best practices across pricing and reserving workflows.

Work Experience

• 4–8 years of P&C actuarial experience, with a strong focus on pricing and/or predictive modeling.

• Demonstrated experience leading pricing projects or model builds as a primary owner.

• Hands-on experience with GLM-based pricing models; exposure to GAMs and GBMs strongly preferred.

• Some exposure to reserving and loss development and interest in becoming more well-rounded.

• Prior informal leadership experience (mentoring, peer review, or project lead) is a plus.

Education & Credentials

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Science, or related quantitative field.

• ACAS required.

Skills & Competencies

• Strong statistical and modeling skills, including GLMs and familiarity with GAMs/GBMs.

• Proficiency in Python or R, plus solid SQL and Excel skills.

• Comfortable working with large, complex datasets and building clean, repeatable workflows.

• Solid understanding of P&C insurance fundamentals, especially pricing and loss behavior.

• Able to explain technical work clearly to non-technical partners and provide constructive feedback to junior team members.

• Organized, proactive, and able to manage multiple projects in a fast-paced environment.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates 

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $120,000.00 - $150,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/. 

 

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at [email protected] 

 

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.