Actuarial Director

Position Summary The Actuarial Director is responsible for directing the actuarial strategy, policies, and processes to deliver profitable growth and overseeing the design and implementation of effective risk assessment and financial modeling strategies. The role ensures the financial stability of the company by analyzing and forecasting potential risks, liabilities, and financial outcomes. They develop and enhance insurance products, pricing models, and risk management standards and collaborate with executives to ensure underwriting business is aligned with Ryan Specialty's strategic and financial goals. Job Responsibilities: Develops and implements strategies for risk assessment and management and evaluates the potential impact of various risk factors on the company’s financial position. Translates the strategic vision of the executives into actionable long-term and short-term plans for the insurance business, ensuring teams and functions are aligned across the organization. Communicates actuarial findings and recommendations to senior management, stakeholders, and regulatory authorities presenting complex concepts in an understandable manner. Leads the preparation and review of financial and statutory reports ensuring compliance with regulatory requirements and accounting standards. Oversees the actuarial reserving process and ensures accurate and adequate reserves are set to overcome any liability arising out of claims. Certifies that the reserves used in financial statements are sufficient. Reviews and authorizes insurance premium and coverage structures and recommends changes. Prepares insurance filings and responds to filing queries. Collaborates with product development teams to design and price insurance products by conducting pricing analyses and provides recommendations to optimize profitability. Supports the development of innovative insurance products within the underwriting portfolio, leveraging market insights, customer needs, and emerging industry trends. Oversees strategic initiatives and ensures data driven decision making, operational excellence and improved client retention in alignment with Ryan Specialty's vision and objectives. Manages the team of actuarial professionals, sets individual and team goals aligned to the overall business goals, creates the annual budget and champions cost savings initiatives. Maintains, expands, and applies knowledge of the insurance industry, actuarial trends, market conditions, and competitor information. Work Experience and Education: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field with 12-15 years of related experience. 5+ years of management experience. Licenses & Certifications: Fellow of the Casualty Actuarial Society (FCAS) or Member of American Academy of Actuaries (AAA) is preferred. 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. 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 $208,000.00 - $260,000.00 annually. 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.

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