VP, Actuarial

Description

We are Hiring! 

VP, Actuarial 

Location: La Jolla, CA, Edina, MN, or Remote

Why choose Palomar? 

Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes self-motivated individuals to our thriving company. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.

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? Go to plmr.com to learn more. https://ir.plmr.com/corporate-profile/default.aspx

The Details:

We are seeking a strategic and experienced Vice President, Individual Large Account Pricing Actuary with expertise in healthcare risks, including Allied Health, Managed Care, and Hospitals. This role is responsible for developing and implementing innovative pricing strategies for our most complex individually underwritten accounts.

We welcome candidates who bring a deep understanding of the healthcare industry and a demonstrated ability to tailor solutions that drive profitable growth. If you’re passionate about collaboration, innovation, and inclusive leadership, we’d love to hear from you

What will you do? (Job Duties)

• Lead actuarial pricing for large individual accounts with a primary focus on healthcare-related risks.
• Develop bespoke pricing models and deal structures for healthcare segments, including: Allied Health Providers, Managed Care Organizations, and Hospital and Health Systems
• Partner with underwriting, claims, finance, and external partners/clients to structure competitive and profitable programs.
• Analyze and assess risk for captive, deductible/SIR, excess, and reinsurance arrangements.
• Represent the actuarial function in key client and broker negotiations.
• Deliver actuarial insights to executive leadership to inform product strategy and growth planning.
• Monitor account-level and segment-level profitability and provide recommendations for corrective action.
• Assist in mentoring a growing team of pricing actuaries and analysts.
• Champion innovation through use of external data, technology, and advanced analytics.

What we are looking for: (Experience)

• FCAS preferred; ACAS with relevant healthcare experience also welcome.
• Actuarial experience typically gained over 10+ years including 5+ years in healthcare pricing, or equivalent combination of experience and expertise
• Demonstrated ability to price and negotiate complex large account programs.
• Deep understanding of U.S. healthcare insurance market dynamics.
• Proven leadership in building tools, frameworks, and best practices for customized risk pricing. 
• Established record in building exposure-based raters coupled with loss sensitivity rating on both an empirical and stochastic basis.
• Demonstrate effective communication skills with ability to explain actuarial concepts to executive, underwriting, and client audiences.
• Experience managing multiple stakeholders and workstreams in a fast-paced environment.
• Team leadership experience preferred.

Requirements

We love people who want to: 

• Build strong relationships through transparency, trust, and respect for each other
• Work in an agile environment, with a resilient mindset to find creative solutions to challenges
• Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
• Do the right thing with strong conviction and integrity
• Be bold and innovative to help make an impact
• Zoom in and out between strategic and tactical
• Demonstrable track record of working autonomously and driving progress
• Be intellectually curious, think creatively, and pragmatic
• Lead by example and actively support team collaboration and development
• Lead with empathy and support personal and professional development 
• Empower people to continue to grow and see a bigger picture

What will you get in return? 

• Full Suite of Medical Benefits 
• Long Term Financial Incentives: All team members receive company equity.
• 401k with 3.5% automatic fully vested Employer Contribution 
• Competitive PTO + Holiday Program
• Hybrid Work Environment 
• Lifestyle Spending Account
• Professional Development Assistance  
• Career Exploration Opportunities
• Regular company-wide social events (even virtually!)
• To learn more visit us at www.plmr.com 

Diversity at Palomar

At Palomar, we are committed to diversity, equality, and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.

We believe that diversity, equality, and inclusion yield greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them.

Accommodations:

Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability (both visible and invisible) can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.

For more information about our company, visit us at www.plmr.com. Palomar is an Equal Opportunity Employer.

No phone calls or agency solicitation please

Pay Range: $195,000 - $285,000

The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above.

CCPA Job Applicant: 

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