Summer Actuarial Development Program Jobs in New Rochelle, NY

Position Summary

The Actuarial Director - Pricing is responsible for leading the pricing strategy, methodologies, and actuarial processes that support profitable growth across Ryan Specialty's underwriting portfolio. This role partners closely with underwriting, product development, program management, and executive leadership to evaluate opportunities, price large and complex accounts and programs, develop innovative insurance products, and ensure disciplined risk selection and portfolio performance. The Actuarial Director provides strategic actuarial leadership, enhances pricing tools and models, and delivers data-driven insights that align underwriting results with Ryan Specialty's financial and strategic objectives.

What will your job entail?

Job Responsibilities

• Lead the development, implementation, and continuous enhancement of pricing methodologies, rating algorithms, and actuarial models used to evaluate large accounts, specialty programs, and portfolio opportunities.
• Partner with underwriting leadership to price new and renewal business, evaluate risk-adjusted profitability, and support underwriting decision-making on complex or strategic opportunities.
• Develop portfolio management and performance monitoring frameworks to assess rate adequacy, loss ratio performance, risk-adjusted returns, and profitability trends.
• Analyze internal and external data to identify emerging trends, loss cost changes, market dynamics, and competitive positioning that impact pricing and underwriting strategy.
• Collaborate with product development, underwriting, and distribution teams to design, launch, and enhance insurance products, ensuring pricing reflects risk characteristics, market conditions, and business objectives.
• Provide actuarial support for delegated underwriting authority programs, MGAs, and strategic partnerships through pricing reviews, profitability analyses, and performance assessments.
• Develop and communicate pricing recommendations, profitability analyses, and strategic insights to executive leadership and other key stakeholders in a clear and actionable manner.
• Support strategic planning initiatives through forecasting, scenario testing, sensitivity analyses, and evaluation of growth opportunities across business segments.
• Enhance actuarial tools, predictive analytics, and data capabilities to improve pricing accuracy, operational efficiency, and decision-making.
• Evaluate and monitor pricing adequacy across lines of business and recommend corrective actions to improve profitability and portfolio performance.
• Maintain awareness of industry trends, emerging risks, regulatory developments, and competitive market conditions to inform pricing strategies and product design.
• Drive a culture of data-driven decision-making, operational excellence, and continuous improvement across actuarial and underwriting functions.

Work Experience and Education

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Data Science, or a related quantitative field.
• Minimum of 12 years of actuarial experience in property & casualty insurance, with significant experience in pricing, product development, or portfolio management.
• Demonstrated experience pricing large accounts, delegated authority programs, specialty insurance products, or alternative risk solutions.
• Minimum of 5 years of leadership or management experience with responsibility for developing actuarial teams and influencing cross-functional business decisions.

Licenses & Certifications

• Fellow of the Casualty Actuarial Society (FCAS) required or strongly preferred.
• Member of the American Academy of Actuaries (MAAA) preferred.
• Additional expertise in predictive analytics, catastrophe modeling, portfolio management, or advanced statistical techniques is a plus.

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 policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them - and their family members - achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $216,000.00 - $270,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.