VP, Corporate Actuarial and Reinsurance

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The Opportunity

We are seeking an experienced, analytical, and strategic leader with a deep knowledge of auto insurance to join our Finance Team as the Vice President of Corporate Actuarial and Reinsurance. The VP of Corporate Actuarial and Reinsurance will be a key advisor to senior leadership in the critical areas of risk and cash management. Root is a full-stack insurance company and the leading InsurTech, with a first-mover advantage in the mobile-first auto insurance industry. The ideal candidate will seamlessly step into a fast-paced environment and approach these programs with a passion for creative problem solving and an entrepreneurial mindset.

This role has overall responsibility for leading, managing, and improving the programs, projects, and processes relating to reserving, reinsurance, pricing and underwriting partnership, enterprise risk management.

Root is a “work where it works best” company. Meaning we will support you working in whatever location that works best for you across the US.

Salary Range: $240,000 - $300,000 (Bonus & LTI Eligible)

How You Will Make an Impact

Reserving

• Oversee corporate actuarial team leading the monthly reserving processes, ensuring accurate and reliable estimates of loss reserves.  Use statistical techniques and actuarial modeling to monitor trends, factoring in economic changes, competitor behavior, and internal shifts in underwriting or claims processes. Provide actionable insights to senior leadership, enabling the company to make informed decisions on pricing, risk, and reserve adequacy.

• Serve as appointed actuary

Reinsurance

• Collaborate with senior leadership to design and implement reinsurance strategies that optimize risk transfer, capital allocation, and surplus preservation.

• Evaluate and execute quota share, excess of loss, and catastrophe reinsurance placements, aligning them with the company’s capital needs and risk appetite.

• Manage reinsurance structures to balance cost, risk retention, and compliance with regulatory capital requirements, ensuring they contribute to long-term financial stability.

• Cultivate and maintain relationships with reinsurance brokers, reinsurers, and other industry stakeholders.

• Work with reinsurance brokers to identify and assess novel reinsurance structures and strategies that can replace / work in concert with traditional reinsurance structures currently in place.

• Internal Deals Structuring: Design reinsurance transactions that maximize the financial and operational benefits of Root’s captive entity, ensuring alignment with risk-based capital (RBC) and solvency requirements. Implement structures that optimize the company’s reinsurance costs, loss absorption, and surplus preservation, while maintaining strong regulatory relationships.

• Deep Expertise in volatility reinsurance covers: Develop and manage Root’s catastrophe (CAT) and excess of loss (XOL) reinsurance programs to protect against volatility and large loss events, ensuring appropriate coverage limits and efficient cost structures. Work closely with senior leadership to assess and model catastrophe risk, guiding the selection of optimal reinsurance arrangements that align with Root's risk tolerance and capital strategy. Continuously monitor emerging risk exposures, including climate-related catastrophes, and ensure the reinsurance program is scalable to meet the needs of a growing personal lines insurer. Collaborate with reinsurers and brokers to secure tailored solutions that balance protection with financial efficiency.

• Work with accounting to direct reinsurance audits.

• Collaborate closely with Finance and Accounting.

Pricing and Underwriting Partnership

• Partner with and provide support to pricing and underwriting teams to assure that products, rates, and projected losses are appropriate to achieve planned financial objectives.

• Contribute to the review of quarterly Rate indications that determine adequacy of current rates by line and by state for personal lines.

• Maintain clear and consistent communication and collaboration with data science, underwriting, and claims departments to discuss and proactively manage potential changes in pricing and loss trends, the market, competitive environment, etc.

• Coordinate feedback and communication between pricing and reserving functions to bridge the Pricing and Reserving views of profitability across the business.

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