SVP, Chief Actuary

Senior Vice President, Chief Actuary Reports to: Chief Executive Officer | Location: Remote POSITION SUMMARY The Senior Vice President, Chief Actuary serves as a cornerstone of EMPLOYERS' financial and strategic leadership. Reporting directly to the Chief Executive Officer, this executive oversees all actuarial functions across the organization's specialty insurance platform. The Chief Actuary is the opining actuary on the Company's reserve opinion. In addition to core actuarial responsibilities, the Chief Actuary is expected to play an increasingly prominent role in data science strategy, AI governance, and advanced analytics in relation to both pricing and reserving— partnering with technology and business leaders to ensure EMPLOYERS' actuarial function is at the forefront of innovation while maintaining the actuarial rigor and regulatory compliance that the role demands. The ideal candidate brings deep technical expertise in P&C/workers' compensation reserving and pricing, combined with the executive presence to communicate complex actuarial concepts to the Board of Directors, regulators, shareholders, and business partners. This leader is a collaborative partner, a trusted advisor, and a champion for evidence-based decision-making. ROLES & RESPONSIBILITIES Actuarial & Reserving Leadership • Serve as the Company's opining actuary, directing the determination of loss and loss adjustment expense (LAE) reserves for statutory and GAAP financial statements across all subsidiary insurance companies. • Lead the actuarial sign-off process, ensuring methodology, assumptions, and documentation meet Casualty Actuarial Society, American Academy of Actuaries, and regulatory standards. • Oversee trend and loss ratio analyses by line, business segment, and geography, providing actionable insights to underwriting and finance leadership. • Drive continuous improvement in reserving methodology, incorporating emerging data sources and modeling techniques to enhance accuracy and speed. Pricing & Underwriting Support • Provide actuarial support for rate filings, competitive pricing analysis, and rate adequacy monitoring across all states in which EMPLOYERS operates. • Collaborate with the Corporate Underwriting function to evaluate pricing strategy and portfolio profitability for the Company's small business workers' compensation book. • Partner with Underwriting to develop and refine segmentation models, risk tiering frameworks, and selection strategies. Data Science, Advanced Analytics & AI Governance • Champion the integration of predictive modeling, machine learning, and advanced analytics into core actuarial workflows, including reserving, pricing, and claims analytics. • Partner with the technology and data teams to govern the responsible use of AI in actuarial and underwriting processes, ensuring fairness, transparency, and regulatory compliance in model outputs consistent with evolving NAIC AI guidance. • Validate AI and machine learning models used in pricing and underwriting to ensure they are accurate, unbiased, and aligned with the Company's risk appetite. • Serve as the actuarial voice in EMPLOYERS' enterprise data strategy, supporting the development of data infrastructure and analytical capabilities. Regulatory, Statutory & External Affairs • Complete or oversee all required actuarial regulatory filings across all operating states, including Actuarial Opinion and Memorandum (AOM) submissions. • Serve as the primary actuarial point of contact for state insurance regulators, AM Best, and other rating agencies, external auditors, and the Board of Directors. • Monitor and interpret evolving legislative, regulatory, and industry trends affecting workers' compensation, and communicate implications to the senior leadership team. People Leadership & Organizational Development • Lead, develop, and inspire a high-performing actuarial team; establish clear performance expectations, development plans, and succession pipelines. • Foster a team culture of analytical rigor, intellectual curiosity, and continuous improvement. • Partner with HR leadership on actuarial talent strategy, including recruiting, compensation benchmarking for credentialed actuarial professionals, and retention. • Invest in team capability-building, including proficiency in modern analytical tools and actuarial platforms. Executive & Strategic Leadership • Serve as a strategic business partner to the CEO and the senior leadership team, providing actuarial perspective on growth strategy, M&A opportunities, and competitive market dynamics. • Present regularly to the Board of Directors and external stakeholders on reserve adequacy and actuarial initiatives. • Represent EMPLOYERS in industry forums, CAS committees, and professional associations. QUALIFICATIONS & EXPERIENCE Required • Fellow of the Casualty Actuarial Society (FCAS) — required. • Membership in the American Academy of Actuaries — required. • 15+ years of progressive P&C actuarial experience, including a minimum of 5 years in a senior leadership or management role. • Deep expertise in commercial casualty reserving and pricing including workers' compensation • Demonstrated experience as an opining actuary on statutory financial statements. • Executive-level communication skills — able to translate complex actuarial findings for Board members, regulators, and non-technical business partners. • Experience managing and developing teams of credentialed actuarial professionals. Strongly Preferred • Experience with predictive modeling, machine learning, or data science applications in P&C insurance; comfort with modern analytical tools a meaningful differentiator. • Familiarity with AI governance frameworks and evolving NAIC guidance on the use of AI/ML in insurance underwriting, pricing, and claims. • Multi-state regulatory filing experience in workers' compensation. • Demonstrated success presenting to Boards of Directors and external rating agencies. Education • B.A./B.S. required, with a concentration in mathematics, actuarial science, statistics, or a related quantitative field. • MBA or M.S. in actuarial science, data science, or related discipline — beneficial but not required. LEADERSHIP PROFILE EMPLOYERS seeks an executive who blends deep actuarial expertise with the strategic agility to lead in an evolving risk landscape. The ideal Chief Actuary is: • A trusted advisor — earns confidence across the enterprise through transparency, rigor, and sound judgment. • A collaborative leader — builds bridges across Actuarial, Underwriting, Finance, Technology, and the Board with intellectual humility and a service orientation. • A forward-looking innovator — embraces data science and AI as tools that enhance actuarial value, not threats to the profession. • A people-first developer — genuinely invested in building the skills and careers of their actuarial team. • A skilled communicator — converts actuarial complexity into clear, decision-relevant insights for diverse audiences. Salary Base Salary Range : $275,000 – $325,000 Performance Bonus : You'll be eligible for a performance bonus that rewards what you bring to the table. With a meaningful target and significant upside for top performers, your bonus potential grows with your impact. Equity & Long-Term Incentives : As a Senior Vice President at EMPLOYERS, you'll receive annual equity grants that build real wealth over time. Your long-term compensation is tied directly to the success of the company — and your role in driving it. Benefits : EMPLOYERS invests in the full picture of your wellbeing — from healthcare and financial security to time away from work EMPLOYERS Benefits ABOUT EMPLOYERS HOLDINGS, INC. EMPLOYERS (NYSE: EIG) is a specialty workers' compensation carrier focused on America's small businesses in low-to-medium hazard industries. Rated A- (Excellent) by AM Best, the Company distributes through a network of independent agents and brokers and strategic partnerships. Headquartered in Reno, Nevada, EMPLOYERS operates in 46 states and D.C. through its subsidiary insurance companies: EICN, ECIC, EAC, CIC and EPIC. EMPLOYERS is guided by core values of Integrity, Customer Focus, Collaboration, Initiative, Accountability, Innovation, and Personal Fulfillment. This position specification is intended to describe the general nature and level of work performed. It is not an exhaustive list of all responsibilities, duties, and skills required. EMPLOYERS Holdings, Inc. is an Equal Opportunity Employer.