We are Hiring!
SVP, Actuarial
Location: La Jolla, CA, Edina, MN, or Remote
Why choose Palomar?
Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes self-motivated individuals to our thriving company. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.
Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.
Want to learn more about our exciting journey? Go to plmr.com to learn more. https://ir.plmr.com/corporate-profile/default.aspx
The Details:
We are seeking an innovative and strategic SVP, Actuarial to lead our Pricing and Portfolio Management functions. This role will drive profitable growth, leveraging advanced analytics, pricing tools, and portfolio optimization strategies. As a key partner to the executive team, the SVP will influence business decisions, enhance underwriting income, and foster a high-performing actuarial team.
What will you do? (Job Duties)
· Define and execute the vision for actuarial pricing and portfolio management, ensuring alignment with business objectives.
· Collaborate with underwriting, product, and executive leadership to drive profitable growth and diversification.
· Serve as a trusted advisor on rate adequacy, profitability, and portfolio performance.
· Oversee development and refinement of pricing tools, predictive models, and methodologies to support rate adequacy and product innovation.
· Lead portfolio analytics to optimize underwriting income, assess capital allocation, and monitor aggregation of risks.
· Conduct profitability reviews and strategic analyses to achieve target loss ratios and enhance business performance.
· Advance the use of technology, external data, and predictive analytics to enhance pricing and portfolio insights.
· Build, mentor, and manage a high-performing actuarial team, fostering collaboration and innovation.
· Develop team capabilities to meet evolving business needs while promoting professional growth.
· Collaborate with reinsurance and carrier partners to evaluate program and portfolio performance.
· Provide strategic insights to internal and external stakeholders to achieve favorable treaty economics and capital support.
· Partner with the EVP, Head of Actuarial, in building and shaping the Actuarial team.
What we are looking for: (Experience)
· FCAS designation (or high-functioning ACAS with a proven track record of leading pricing teams).
· Typically 15+ years of actuarial experience with demonstrated leadership.
· Proven expertise in predictive analytics, profitability optimization, and capital allocation strategies.
· Demonstrated success in leading high-performing teams and driving complex initiatives.
· Experience managing multiple projects and workstreams autonomously.
· Collaborative mindset with a knack for mentoring actuarial talent.
· Strong time management and resource allocation skills.
· Ability to build from ground up.
· Exceptional communication and strategic thinking abilities.
We love people who want to:
· Build strong relationships through transparency, trust, and respect for each other
· Work in an agile environment, with a resilient mindset to find creative solutions to challenges
· Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
· Do the right thing with strong conviction and integrity
· Be bold and innovative to help make an impact
· Zoom in and out between strategic and tactical
· Demonstrable track record of working autonomously and driving progress
· Be intellectually curious, think creatively, and pragmatic
· Be hands on with their team and roll up their sleeves
· Lead with empathy and support personal and professional development
· Empower people to continue to grow and see a bigger picture
What will you get in return?
What will you get in return?
· Full Suite of Medical Benefits
· Long Term Financial Incentives: All team members receive company equity.
· 401k with 3.5% automatic fully vested Employer Contribution
· Competitive PTO + Holiday Program
· Hybrid Work Environment
· Lifestyle Spending Account
· Professional Development Assistance
· Career Exploration Opportunities
· Regular company-wide social events (even virtually!)
Diversity at Palomar
At Palomar, we are committed to diversity, equality, and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.
We believe that diversity, equality, and inclusion yield greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them.
Accommodations:
Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability (both visible and invisible) can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.
For more information about our company, visit us at www.plmr.com. Palomar is an Equal Opportunity Employer.
No phone calls or agency solicitation please
Pay Range: $201,200 – $301,800
The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above.
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