Actuarial Director - Ryan Alternative Risk

Position Summary

This is a highly exciting opportunity to help establish and expand a robust process of risk analysis for business written by Ryan Alternative Risk. This role will partner with cross-functional leadership within Ryan Specialty and insurance partners and will have responsibilities that fall within three main areas: 1) perform actuarial analyses to assess profitability of business written and socialize results, 2) contribute to use and expansion of a newly created claims data production and monitoring process, and 3) determine and establish early warning indictors and analytical risk identification practices.

What will your job entail?

Responsibilities

• Lead the profitability analyses using traditional reserving methods for numerous business units, including start-to-finish scheduled analyses, reporting of results to management teams, support during strategy determination, and fulfilment of ad hoc requests & deep-dive analyses
• Complete reserving analysis on time each quarter
• Contribute to components of actuarial analytical evolution, which may include but are not limited to range analysis, large loss modeling, portfolio optimization, trend analytics, and industry benchmarking
• Ensure best in class actuarial techniques are adopted, driving innovation and efficiency
• Partner with actuarial pricing and UW management teams on SWOT analysis for business written
• Create ad hoc reports, analyses, and data sets to identify and solve business problems
• Be a champion of risk awareness and contribute to a sound risk awareness culture across Ryan Specialty
• Improve current process and implement new processes, as required, including expansion of end-user reporting tools and self-serve dashboards
• Regularly communicate with and support insurance partners and their actuarial staff
• Define compelling business arguments to elicit change on future or existing actuarial issues

Qualifications

• Bachelor’s degree in Actuarial, Economics, Statistics, or related field
• 10+ years of relevant experience
• FCAS or career ACAS
• Deep knowledge of the insurance industry, required experience with the specialty, commercial, and/or reinsurance sectors
• Demonstrated working knowledge of reserving and risk analytics
• Proficient with data manipulation, modeling, and visualization tools (e.g., SQL, Alteryx, MS Office, Power BI)
• Strong business attitude, including written/verbal communication and time management skills
• Detail-oriented, with strong organizational, analytical, and problem-solving skills
• Proven ability to balance multiple projects, timelines, and stakeholders with minimal direction
• Highly motivated, with the ability to work effectively independently and within a team
• Willingness to get involved at all levels and aspects of the process as necessary

Ability to work collaboratively with non-technical, senior insurance professionals

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