AVP, IT Actuarial Product Owner (Finance)
Location: New York, New Jersey or Farmington, CT
Summary
As the AVP Actuarial Product Owner in the technology division, you will drive the vision and strategic direction of Allied World's digital actuarial products. You will lead a high-performing team, collaborating closely with business leaders, stakeholders, and cross-functional partners to deliver innovative solutions that transform business processes, enhance efficiency, and solve complex actuarial challenges. Your leadership will be instrumental in shaping products that power Allied World's growth, ensuring every initiative delivers measurable business value and positions the company at the forefront of digital innovation. About You: We are looking for a true builder, someone who thrives in ambiguity, is energized by complex challenges, and is passionate about creating long-term value. You are customer-obsessed, always seeking to earn and keep customer trust while staying attuned to industry and competitor trends. You are a visionary leader who thinks big, acts boldly, and inspires teams to deliver exceptional results. You are very focused on simplifying complex and legacy builds into simple and scalable solutions by driving buy-in, driving with thought-leadership and always keeping the business goals at the forefront. Skills & Experience: Lead and Manage Product Teams: Oversee and guide actuarial product teams responsible for developing and enhancing digital actuarial products and platforms, ensuring alignment with business goals and stakeholder expectations.
Collaborate with Cross-Functional Stakeholders: Work closely with business leaders, end users, IT teams (Design, Development, Infrastructure), and subject matter experts to gather requirements, prioritize features, and deliver solutions that improve efficiency and solve complex actuarial business problems.
Drive Product Vision and Strategy: Define and communicate the product roadmap for actuarial IT products, identifying opportunities for innovation and continuous improvement to support business growth and competitive advantage.
Manage Product Backlog and Agile Processes: Own and prioritize the product backlog, ensuring that development teams have clear, actionable user stories and acceptance criteria; facilitate Agile ceremonies and maintain alignment with Scrum or Agile methodologies.
Ensure Quality and Compliance: Oversee testing, user acceptance, and deployment of actuarial IT solutions, ensuring compliance with regulatory requirements and internal standards.
Analyze Market and Business Needs: Conduct market research, competitor analysis, and data analytics to inform product decisions and validate the value delivered by actuarial products.
Support Regulatory and Filing Processes: Collaborate with actuarial and regulatory teams to support product filings, rate proposals, and compliance activities related to actuarial products.
Drive Operational Excellence: Enhance tools, processes, and methodologies through automation and data-driven improvements to increase efficiency and accuracy in actuarial product development and delivery.
Communicate Effectively: Serve as the primary liaison between technical teams and business stakeholders, providing clear updates, managing expectations, and facilitating decision-making.
Lead Change and Innovation: Champion change initiatives within the actuarial product domain, fostering a culture of innovation and continuous improvement.
Compensation
The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below he listed range and determined by a number of considerations, including but now limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one compensation of Allied World comprehensive total reward package, which may also include annual incentive compensation rewards.
$140,000 - $160,000
Requirements:
In-depth domain knowledge of actuarial pricing and reserving, including principle-based reserving (PBR) and its applications in life insurance, to drive strategic decision-making and risk management
Bachelor's Degree in Actuarial Science, Business or related field, complemented by extensive experience in product development.
Minimum of 5 years of experience in product management roles, with a strong background in insurance, actuarial, particularly in pricing and reserving.
At least 5 years of leadership experience, guiding teams in complex projects, ensuring rigorous practices that enhance financial stability and regulatory compliance.
About Fairfax
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
Allied World
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.
Our generous benefits package includes Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law.
To learn more, visit awac.com, or follow us on Facebook at facebook.com/alliedworld and LinkedIn at linkedin.com/company/allied-world.
