AVP, Pricing Actuary

At Aviva, we help customers build resilience and move forward with confidence. We foster an inclusive workplace where diverse perspectives are valued, innovation is encouraged, and colleagues are empowered to grow their careers while making a meaningful impact.

The AVP, Pricing Actuary is responsible for supporting and executing actuarial pricing strategy, pricing model development, model governance, product profitability management, and portfolio optimization across assigned U.S. specialty product segments.

Responsibilities

Pricing Strategy and Product Leadership

• Support the development and execution of pricing strategies across assigned Aviva U.S. Specialty product segments and underwriting portfolios.
• Develop and enhance actuarial pricing methodologies, assumptions, pricing models, model refresh processes, and governance frameworks.
• Monitor pricing adequacy and alignment with profitability objectives.
• Lead the development of rate indications, technical pricing views, segmentation analyses, and pricing recommendations for assigned specialty lines.
• Partner with Underwriting and Product teams to translate pricing insights into underwriting actions, product enhancements, and market opportunities.
• Evaluate market conditions, competitive dynamics, and emerging trends that influence pricing strategy.
• Support new product development, product enhancements, and U.S. market expansion initiatives in coordination with U.S. and UK actuarial and product stakeholders.

Portfolio Management and Profitability

• Provide actuarial leadership and support for portfolio profitability, segment-level performance management, and portfolio steering actions.
• Monitor portfolio trends, loss ratios, exposure mix, growth metrics, retention performance, and rate adequacy by product segment and distribution channel.
• Develop recommendations to improve portfolio outcomes and overall business performance.
• Support business planning, forecasting, and portfolio optimization activities.
• Evaluate business mix, concentration risk, underwriting appetite, model indications, and growth opportunities within assigned portfolios.
• Ensure actuarial recommendations align with Aviva's strategic objectives and risk appetite.

Advanced Analytics and Innovation

• Lead and contribute to predictive analytics, advanced pricing models, model validation, monitoring, and actuarial modernization initiatives.
• Support the implementation and adoption of advanced analytical tools and technologies.
• Promote data-driven decision-making across underwriting and related business functions.
• Evaluate emerging technologies and analytical methodologies for potential application within pricing and portfolio management.
• Identify opportunities to automate and improve the efficiency of actuarial processes.
• Enhance analytical capabilities that support underwriting execution, pricing discipline, portfolio management, and business performance.

Strategic Business Partnership

• Serve as a senior actuarial partner to Underwriting, Product, Claims, Finance, Risk Management, and U.S. and UK actuarial/product teams.
• Influence business decisions through clear, commercially relevant actuarial insights and recommendations.
• Present pricing strategies, profitability analyses, model outputs, and portfolio recommendations to senior U.S. and UK stakeholders.
• Support strategic growth initiatives, partnerships, market expansion, and due diligence activities requiring actuarial pricing and profitability expertise.
• Participate in business planning and transformation initiatives.
• Serve as a trusted advisor on pricing, profitability, and risk-related matters within assigned business areas.

Governance, Risk Management, and Compliance

• Ensure actuarial work complies with applicable actuarial standards of practice, regulatory expectations, and Aviva governance requirements.
• Implement and maintain pricing governance frameworks, model documentation, control standards, and oversight processes in accordance with Aviva Standards.
• Support regulatory reviews, audits, and actuarial certifications as required.
• Maintain strong analytical controls, model documentation, peer review, and evidence of pricing decisions.
• Partner with Risk Management and Compliance teams to support business and enterprise objectives.
• Ensure actuarial practices within assigned areas align with organizational and regulatory expectations.

Pricing Model Ownership and Governance

• Own or lead the end-to-end pricing model lifecycle for assigned products, including development, calibration, implementation support, monitoring, documentation, peer review, and governance evidence.
• Develop and monitor model performance measures and escalation triggers to ensure pricing tools remain fit for purpose as market, portfolio, and underwriting conditions evolve.
• Ensure pricing models, assumptions, and indications are clearly communicated to underwriting leaders and appropriately embedded into underwriting and portfolio management routines.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, Data Science, or a related quantitative discipline.
• 6-12+ years of Property & Casualty actuarial experience, including meaningful specialty, commercial, or Excess & Surplus pricing experience.
• Advanced Casualty Actuarial Society credentials, combined with significant relevant specialty or commercial P&C pricing experience.
• Significant experience in actuarial pricing and pricing model development, preferably using the Hx platform, with demonstrated expertise in portfolio management and close collaboration with underwriting across specialty and commercial insurance products.
• Demonstrated ability to lead complex actuarial initiatives, provide technical leadership, and influence cross-functional stakeholders.
• Strong understanding of U.S. Excess & Surplus and specialty insurance products, underwriting dynamics, exposure segmentation, and the practical application of pricing models.
• Strong communication and presentation skills, with the ability to translate complex actuarial concepts into clear business recommendations.
• Proven ability to influence senior stakeholders, partner effectively with underwriting leaders, and translate actuarial insights into measurable business actions.
• Ability to operate effectively in a build-mode environment, balancing hands-on technical execution with the development of scalable processes, controls, and capabilities.

Benefits

• The salary band for this position is $150,000-$180,000.
• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, health benefits, and volunteer opportunities.
• Hybrid flexible work model.
• Outstanding career development opportunities.
• Competitive vacation package.