Chief Actuarial Officer

Why choose Palomar?

Palomar is a publicly traded U.S. specialty insurance company committed to delivering innovative insurance solutions tailored to the unique needs of our clients. With a strong focus on underwriting profitability, risk management, and data-driven decision-making, we are a leader in property and casualty and reinsurance coverage. As we continue to grow, we are seeking a visionary Chief Actuarial Officer (CAO) to lead our actuarial team and drive strategic decision-making across the organization.

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? https://ir.plmr.com/corporate-profile/default.aspx

We are Hiring!

Location: La Jolla, CA or Edina, MN

Position: Chief Actuarial Officer

What you will do:

Actuarial Leadership and Strategy

• Develop and execute the overall actuarial strategy to support the company's growth, profitability, and risk management objectives.
• Lead the pricing, reserving and profitability monitoring functions to ensure alignment with product, underwriting and financial goals.
• Provide actuarial insights to drive product development, portfolio optimization, and market expansion.
• Monitor emerging trends in the insurance and reinsurance markets, incorporating them into actuarial models and company strategies.

Financial and Risk Management

• Oversee reserve adequacy and ensure compliance with all applicable actuarial standards of practice (ASOPs).
• Collaborate with the Chief Risk Officer (CRO) and Chief Financial Officer (CFO) to assess and manage enterprise risk, including catastrophe modeling and capital adequacy analysis.
• Support reinsurance strategy by providing actuarial analysis of reinsurance structures and pricing.
• Enhance the company’s risk-adjusted pricing models and ensure underwriting discipline.

Regulatory and Compliance

• Ensure compliance with regulatory standards, including NAIC and state-specific requirements, as well as actuarial certifications and loss reserving processes.
• Represent the company in regulatory filings, reviews, and discussions with state insurance departments.
• Maintain up-to-date knowledge of regulatory developments and their potential impact on actuarial practices.

Executive Leadership and Communication

• Serve as a trusted advisor to the Executive team, Board of Directors and the Audit Committee of the Board of Directors, providing clear and actionable insights into actuarial matters.
• Communicate complex actuarial findings and recommendations to non-technical stakeholders, including investors and rating agencies.
• Foster a collaborative and innovative culture within the actuarial team and across the organization.
• Mentor and develop actuarial talent, building a high-performing team aligned with the company’s goals.

What we are looking for:

• Bachelor’s degree in actuarial science, mathematics, statistics, or a related field (advanced degree preferred).
• Fellow of the Casualty Actuarial Society (FCAS) or equivalent credential.
• Minimum of 12 years of actuarial experience, with at least 5 years in a senior leadership role within the specialty insurance industry.
• Comprehensive knowledge of specialty insurance products, including but not limited to property (earthquake, inland marine, builders’ risk, motor truck and cargo, engineer risk), casualty (professional liability, general liability, workers compensation) and surety and credit.  Familiarity with Multi-peril crop insurance preferable
• Proven track record of managing pricing, reserving, and risk management in a public company setting.
• Experience with regulatory filings, rating agency interactions, and financial reporting in compliance with U.S. GAAP and statutory accounting principles.
• Analytical Expertise: advanced proficiency in actuarial modeling tools (e.g., R, Python, SQL,