Vice President, Pricing Actuary

Job description

About Aviva Individually, we are people, but together we are Aviva. Individually, these are just words, but together they are our Values – Care, Commitment, Community, and Confidence. 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 employees are empowered to grow their careers while making a meaningful impact. As we continue to expand our U.S. Specialty platform, we are building a high-performing actuarial organization focused on delivering analytical excellence, pricing sophistication, and strategic decision support. What You'll Do The VP, Pricing Actuary is responsible for leading actuarial pricing strategy, pricing model development, model governance, product profitability management, and portfolio optimization across multiple U.S. specialty product segments. This senior leadership role plays a critical part in shaping underwriting and business strategy by providing actuarial insights that drive profitable growth, pricing adequacy, product innovation, and long-term portfolio performance. As a senior actuarial leader, you will oversee pricing methodologies, actuarial models, product performance analytics, and portfolio management strategies across multiple specialty insurance lines and underwriting segments in the U.S. You will work closely with Underwriting, Product Management, Claims, Finance, Risk Management, Distribution, Executive Leadership, and actuarial/product colleagues in the UK to ensure actuarial recommendations support Aviva's strategic objectives, risk appetite, and global standards. This role combines deep technical actuarial expertise, FCAS-level judgment, and executive leadership responsibilities, requiring the ability to influence enterprise decision-making, lead high-performing actuarial teams, partner with underwriting leadership across multiple product segments, and balance growth opportunities with disciplined risk management and profitability objectives. The successful candidate will serve as a trusted strategic advisor to the Chief Actuary and senior business leaders, helping shape the future direction of Aviva's U.S. specialty insurance business while advancing actuarial innovation, pricing sophistication, operational excellence, and organizational capability. Key Responsibilities Pricing Strategy and Product Leadership Develop and execute enterprise pricing strategies across multiple Aviva U.S. Specialty product segments and underwriting portfolios. Establish actuarial pricing methodologies, assumptions, pricing models, model refresh processes, and governance frameworks. Ensure pricing adequacy and alignment with profitability objectives. Lead the development of rate indications, technical pricing views, segmentation analyses, and pricing recommendations for multiple specialty lines. Partner with Underwriting and Product teams to translate pricing insights into underwriting actions, product innovation, and market competitiveness. 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 UK actuarial and product stakeholders. Portfolio Management and Profitability Maintain accountability for actuarial support of 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 strategic recommendations that improve portfolio outcomes and business performance. Support enterprise planning, forecasting, and portfolio optimization activities. Evaluate business mix, concentration risk, underwriting appetite, model indications, and growth opportunities across multiple product segments. Ensure actuarial recommendations align with Aviva's strategic objectives and risk appetite. Senior Leadership and Talent Development Lead and develop actuarial leaders, managers, and technical professionals; provide matrix leadership to colleagues supporting shared U.S. and UK priorities. Establish organizational priorities and performance expectations for assigned product(s). Drive workforce planning, succession planning, and talent development initiatives. Foster a culture of accountability, collaboration, innovation, and continuous learning. Support actuarial credential attainment and professional development. Build organizational capability and leadership readiness within the actuarial function. Advanced Analytics and Innovation Oversee and contribute to predictive analytics, advanced pricing models, model validation, monitoring, and actuarial modernization initiatives. Support implementation of advanced analytical tools and technologies. Promote data-driven decision-making across the organization. Evaluate emerging technologies and analytical methodologies. Drive automation and efficiency improvements across actuarial processes. Enhance analytical capabilities that support underwriting execution, pricing discipline, portfolio management, and business performance. Strategic Business Partnership Serve as a strategic partner to Underwriting, Product, Claims, Finance, Risk Management, Executive Leadership, and UK actuarial/product teams. Influence key business decisions through actuarial insights and recommendations. Present pricing strategies, profitability analyses, model outputs, and portfolio recommendations to U.S. and UK executive audiences. Support strategic growth initiatives, partnerships, market expansion, and due diligence activities requiring actuarial pricing and profitability expertise. Participate in enterprise planning and business transformation activities. Serve as a trusted advisor on pricing, profitability, and risk-related matters. Governance, Risk Management, and Compliance Ensure compliance with Casualty Actuarial Society standards of practice, applicable regulatory expectations, and Aviva governance requirements. Establish pricing governance frameworks, model documentation, control standards, and oversight processes in accordance with Aviva Standards. Support regulatory reviews, audits, and actuarial certifications. Maintain strong analytical controls, model documentation, peer review, and evidence of pricing decisions in accordance with Aviva Standards. Partner with Risk Management and Compliance teams to support enterprise objectives. Ensure actuarial practices align with organizational and regulatory expectations. Cross-Functional Leadership Collaborate with executive leaders across the U.S. organization and relevant UK partner teams. Drive alignment between actuarial strategy, underwriting execution, pricing model outputs, and business objectives. Support enterprise initiatives and organizational priorities. Promote collaboration across underwriting, claims, finance, operations, and product functions. Contribute to enterprise decision-making and strategic planning processes. Pricing Model Ownership and Governance Own the end-to-end pricing model lifecycle, including development, calibration, implementation support, monitoring, documentation, peer review, and governance evidence. Define model performance measures and escalation triggers to ensure pricing tools remain fit for purpose across changing market, portfolio, and underwriting conditions. Ensure pricing models, assumptions, and indications are clearly communicated to underwriting leaders and embedded into portfolio management routines. What You'll Bring Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, Data Science, or a related quantitative discipline. 10-15+ years of Property & Casualty actuarial experience, including meaningful specialty, commercial, or Excess & Surplus pricing leadership experience. FCAS designation required; candidates must be a Fellow of the Casualty Actuarial Society or possess equivalent actuarial fellowship credentials acceptable for the role. Significant pricing model development, product/pricing management, portfolio management, and underwriting partnership experience across multiple product segments. Demonstrated success leading actuarial teams, complex pricing initiatives, and cross-functional change across matrixed organizations. Strong understanding of U.S. Excess and Surplus specialty insurance products, underwriting dynamics, exposure segmentation, and pricing model application. Executive-level communication, presentation, and leadership skills. Proven ability to influence senior U.S. and UK stakeholders, translate actuarial insights into business action, and drive measurable business outcomes. What You'll Gain At Aviva U.S., we put people first - our employees, our customers, and our communities. We’re proud of a culture built on care, inclusion, and collaboration, where your voice matters and your growth is supported. We’re not just about insurance; we’re about making a real difference by protecting what matters most. The salary band for this position ranges from $225,00 - $275,000. Please note that individual salary is determined by factors such as job-related knowledge, skills and experience 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 Travel Requirements: Up to 25% travel for executive leadership meetings, strategic planning sessions, broker and client engagements, industry conferences, and cross-functional business initiatives. Physical Requirements: This position is primarily performed in an office or remote work environment and requires prolonged periods of computer use, analysis of complex business and actuarial data, communication with internal and external stakeholders, and participation in virtual and in-person meetings. Aviva U.S. welcomes applications from all qualified individuals and has a process in place to provide accommodations for persons with disabilities at all stages of the hiring process and during employment. If you require an accommodation during the interview or hiring process, please contact your Aviva Talent Acquisition Partner so that an appropriate accommodation can be arranged.