About Ledger Investing
Ledger is a Y Combinator-backed Insurtech startup transforming how insurance risk is financed. Ledger is building a marketplace that enables re/insurers to transfer risk to capital markets investors – we have originated over $2 billion of premium volume to institutional investors. Insurance securitization is on the path to becoming a $100 billion market but has been limited by opacity and complexity. Ledger is expanding this market by building a seamless data platform that powers the marketplace, as well as reports and analytics that insurers and investors need to transact. Our $75 million Series B investment funding has successfully set us up for long-term growth.
About the Team:
Ledger operates at the intersection of finance, insurance, and technology. We are tasked with executing the go-to-market strategy for a new asset class: casualty insurance-linked securities. Ledger provides a specialized reinsurance brokerage service that enables re/insurance companies to purchase capital-efficient casualty ILS solutions.
About the role:
In this role, you will collaborate with various internal and external stakeholders, including re/insurance companies, actuaries, regulators, and Ledger’s broker-dealer, to design and implement innovative capital solutions and will report directly to the Chief Executive, Reinsurance.
We are seeking a highly experienced and detail-oriented Senior Reinsurance Actuary to lead and innovate collateralized casualty treaty reinsurance pricing. This critical role involves evaluating and pricing transactions, documenting pricing assumptions, mentoring actuarial talent, and contributing to the development of cutting-edge pricing solutions. You will play a key role in managing pricing parameters, supporting new product development, and participating in the development of a fast-growing Casualty ILS market.
This position combines leadership, technical expertise, and a strong focus on collaboration to enhance Ledger’s profitability and success.
Key Responsibilities:
- Strategic Pricing Leadership:
- Evaluate and price collateralized casualty treaty reinsurance and retrocession deals.
- Document pricing assumptions and maintain consistency and transparency in pricing strategies.
- Assist in developing innovative pricing solutions for new and existing products.
- Update and refine pricing parameters, including loss trends, development factors, rate changes, and exposure curves.
- Team Leadership:
- Mentor and develop actuaries, including conducting 1:1 meetings, assessing performance, and setting high-performance expectations.
- Foster a collaborative and growth-oriented environment.
- Technical Development:
- Lead efforts to maintain and enhance pricing tools and methodologies, leveraging advanced analytics and technology.
- Utilize advanced Microsoft Excel skills (including VBA, macros, and formula writing) to streamline processes and improve efficiency.
- Reinsurance Expertise:
- Lead pricing for Casualty treaty reinsurance lines. Heavily engage with re/insurance clients and casualty ILS investors to provide technical expertise and foster strategic relationships.
Required Qualifications:
- Bachelor’s degree in Mathematics, Statistics, Actuarial Science, or a related field.
- 15+ years of actuarial experience, including at least 10 years in reinsurance pricing.
- ACAS (Associate of the Casualty Actuarial Society).
- Advanced knowledge of Microsoft Excel, including VBA programming, macros, and creating complex formulas.
- Proven experience leading actuarial teams.
- Strong attention to detail, organizational skills, and ability to manage concurrent projects.
- Exceptional professional communication skills, with a track record of successful interaction with senior executives of re/insurers and the ability to present new concepts to Casualty ILS investors.
Preferred Qualifications:
- FCAS (Fellow of the Casualty Actuarial Society).
- Experience working within the actuarial team of a reinsurance broker.
- Experience with collateralized and/or MGA-focused placements.
- Intermediate programming skills in Python, R, or SQL.
Your Benefits:
- Competitive salary, bonus potential, and equity compensation
- Work from anywhere. We’re flexible. Our headquarters is in New York, but this position can be fully remote or hybrid.
- Unlimited PTO
- 11 Paid Holidays
- 401k
- Medical, dental, and vision insurance - multiple plans to choose from
- HSA match for those who select our HDHP Medical plan
- Company-paid Life and AD&D Insurance
- Company Paid Long-term Disability Insurance
- Medical and Dependent Care FSA plans
- Medical enhancements available: HealthAdvocate Healthcare Support, One Medical On-Demand Primary Care, Teladoc Virtual Health, TalkSpace Online Mental Health Therapy, Kindbody Gynecology and Family-building care
- Commuter Benefits
- Up to $2,500 paid by Ledger towards your dream home office setup! Customize what works for you.
For US based positions:
Ledger Investing is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, gender (including gender nonconformity and status as a transgender or transsexual individual), sexual orientation, marital status, age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, predisposing genetic characteristic, domestic violence victim status, arrest records, or any other characteristic protected under applicable federal, state or local law.
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