Chief Actuary

Why Paragon? In 2014, Paragon was incepted in a Starbucks coffee shop with a simple strategy — build the MGA that we would want to work for. Years later, Paragon is one of the fastest growing MGAs in the country. Our secret? A dedication to diversity and agility. We realized from the start that a commitment to thinking, acting, and rewarding “different” would resonate within the industry. It is hard to argue with results, and the results are clear. Our diverse team of talent is reshaping an industry that has weathered “boring” and is long overdue on “different.” Whether it comes by offering better pay, benefits or growth opportunities, we will continue to aggressively invest in talent to drive our business forward. Change is here, come be a part of it with us. 

Formed as a broadly diversified MGA, Paragon supports retail agents and insurance carriers, and reinsurers with our strong underwriting talent, broad capabilities, sophisticated operations, and varied business interests. Our goal: To help our partners do business better. And we do. 

The Chief Actuary will serve as the senior actuarial leader, responsible for overseeing all actuarial functions including pricing, reserving, forecasting, reinsurance support, and portfolio management. As a key executive, you will collaborate with underwriting, finance, product, and data analytics teams to develop and maintain the company's competitive, profitable insurance programs.

The Chief Actuary will ideally sit in the New England Territory and work out of the CT office (Hybrid Schedule) but for the right candidate we are open to this person being Remote.  

Responsibilities: 

• Pricing Strategy: Develop, implement, and monitor pricing models for all product lines; recommend pricing adjustments based on profitability analysis
• Portfolio Management: 
  • Analyze portfolio performance, identify trends, and recommend corrective actions to underwriting and product teams. 
  • Set priorities, targets and standards (metrics) for underwriting programs: review and evaluate the performance; provide feedback and calibrate as needed. 
• Forecasting & Planning: Lead actuarial projections for budgets, forecasts, and strategic planning processes.
• Data & Analytics: Partner with appropriate teams to lead the development of necessary predictive models, dashboards, and other analytical tools.
• Carrier Relations:
  • Support Discussions with carrier partners regarding loss performance, rate adequacy, and reinsurance structure. 
  • Manage and maintain excellent working relationships and carrier partners. 
• Regulatory Compliance: Ensure compliance with relevant internal and external standards (i.e. underwriting guidelines, regulatory requirements), and develop policies and practices to achieve compliance
• Team Leadership: Build and lead an actuarial team, fostering a culture of technical excellence, innovation, and collaboration.
• Strategic Input:
  • Act as a key member of the executive leadership team, contributing actuarial insights to business strategy decisions 
  • Contribute to the development of boarder business goals 
  • build strong partnership with stakeholders across the business to improve collaboration, identify opportunities to improve services and ensure client satisfaction 

Requirements: 

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field; advanced degree preferred.
• Fellow of the Casualty Actuarial Society (FCAS) or Fellow of the Society of Actuaries (FSA), depending on the line of business.
• 10+ years of actuarial experience, with at least 3 years in a senior leadership role.
• Prior experience in an MGA, insurance carrier, or reinsurance setting preferred.
• Strong technical actuarial expertise in pricing, reserving, and portfolio analytics.
• Advanced proficiency in actuarial software, predictive modeling, and statistical tools (e.g., R, Python, SQL, Emblem, Radar).
• Exceptional communication skills, capable of explaining complex actuarial concepts to non-actuarial audiences.
• Strategic thinker with business acumen and a results-oriented mindset.
• Leadership experience managing and mentoring actuarial teams.

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. Discretionary incentive compensation may be awarded. Jencap also offers a range of benefits and programs, based on eligibility, which currently include but are not limited to; comprehensive health care coverage, a 401k plan, and tuition reimbursement. Jencap is an emerging and rapidly growing leader in the industry and as such, we approach talent acquisition as an opportunity to identify the best talent. Therefore, the level of the role and compensation may vary depending upon the best available candidate. 

Ready to have your voice heard, your talents properly utilized and to become a valued part of a rapidly growing organization? You’re in the right place.   

Paragon is a dynamic, bold, and tenacious company. Join us as we continue to chart new paths, open doors and grow together. 

Paragon is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin or citizenship status, sexual orientation, gender identity or expression, pregnancy, marital or familial status, disability status, medical condition, genetic information, military or veteran status, political affiliation, or any other characteristic protected by law. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard, as we believe that that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.