Actuary
Job DescriptionOur client, a fast-growing life insurance company launching in Puerto Rico, is seeking a highly skilled Actuary to lead and optimize its actuarial and risk management functions. This is a rare opportunity to be a key executive in a high-growth start-up, shaping the actuarial foundation of an innovative life insurance company from the ground up.
Key Responsibilities
✔ Actuarial Leadership & Strategy – Develop and execute the company’s actuarial strategy, ensuring alignment with business objectives and financial goals.
✔ Product Development & Pricing – Oversee life insurance product design, pricing, and valuation to maintain competitiveness and profitability.
✔ Risk Management & Solvency Analysis – Lead risk assessments, capital modeling, and reserve management to ensure financial stability and regulatory compliance.
✔ Regulatory & Compliance Oversight – Ensure adherence to local and international actuarial standards, IFRS 17, and insurance regulatory requirements in Puerto Rico.
✔ Data-Driven Decision Making – Leverage predictive analytics, advanced modeling, and actuarial insights to support underwriting, claims, and investment strategies.
✔ Executive Collaboration – Partner with the CEO, CFO, and Board of Directors to drive growth, profitability, and long-term financial sustainability.
✔ Team Leadership & Development – Build and lead a high-performing actuarial team, fostering innovation and continuous improvement.
Ideal Candidate Profile
✔ FSA, MAAA, or Equivalent Credential – Fellow of the Society of Actuaries or equivalent international designation.
✔ Life Insurance Expertise – Extensive experience in actuarial functions, including product development, reserving, and risk assessment.
✔ Regulatory & Compliance Mastery – Deep understanding of insurance regulations, capital requirements, and actuarial valuation principles.
✔ Advanced Technical & Analytical Skills – Proficiency in actuarial software (e.g., Prophet, AXIS, R, Python) and financial modeling.
✔ Strategic & Business-Oriented Leader – Ability to translate actuarial insights into actionable business strategies.
✔ Entrepreneurial & Growth-Focused Mindset – Thrives in a dynamic, fast-paced start-up environment with a passion for innovation.
Compensation & Benefits
💰 Highly competitive executive compensation with performance-based incentives.
📈 Opportunity for equity participation, offering significant upside potential.
🚀 Play a critical role in shaping a high-growth insurance company's actuarial and financial future.
🤝 Work alongside top-tier investors, industry veterans, and elite executives.
Our client, a fast-growing life insurance company launching in Puerto Rico, is seeking a highly skilled Actuary to lead and optimize its actuarial and risk management functions. This is a rare opportunity to be a key executive in a high-growth start-up, shaping the actuarial foundation of an innovative life insurance company from the ground up.
Key Responsibilities
✔ Actuarial Leadership & Strategy – Develop and execute the company’s actuarial strategy, ensuring alignment with business objectives and financial goals.
✔ Product Development & Pricing – Oversee life insurance product design, pricing, and valuation to maintain competitiveness and profitability.
✔ Risk Management & Solvency Analysis – Lead risk assessments, capital modeling, and reserve management to ensure financial stability and regulatory compliance.
✔ Regulatory & Compliance Oversight – Ensure adherence to local and international actuarial standards, IFRS 17, and insurance regulatory requirements in Puerto Rico.
✔ Data-Driven Decision Making – Leverage predictive analytics, advanced modeling, and actuarial insights to support underwriting, claims, and investment strategies.
✔ Executive Collaboration – Partner with the CEO, CFO, and Board of Directors to drive growth, profitability, and long-term financial sustainability.
✔ Team Leadership & Development – Build and lead a high-performing actuarial team, fostering innovation and continuous improvement.
Ideal Candidate Profile
✔ FSA, MAAA, or Equivalent Credential – Fellow of the Society of Actuaries or equivalent international designation.
✔ Life Insurance Expertise – Extensive experience in actuarial functions, including product development, reserving, and risk assessment.
✔ Regulatory & Compliance Mastery – Deep understanding of insurance regulations, capital requirements, and actuarial valuation principles.
✔ Advanced Technical & Analytical Skills – Proficiency in actuarial software (e.g., Prophet, AXIS, R, Python) and financial modeling.
✔ Strategic & Business-Oriented Leader – Ability to translate actuarial insights into actionable business strategies.
✔ Entrepreneurial & Growth-Focused Mindset – Thrives in a dynamic, fast-paced start-up environment with a passion for innovation.
Compensation & Benefits
💰 Highly competitive executive compensation with performance-based incentives.
📈 Opportunity for equity participation, offering significant upside potential.
🚀 Play a critical role in shaping a high-growth insurance company's actuarial and financial future.
🤝 Work alongside top-tier investors, industry veterans, and elite executives.