Chief Actuary
Our Company
String and Key is a dedicated research and development studio focused on creating digital platforms that revolutionize how people manage and protect their money. At String and Key, we combine technological expertise with creative problem-solving to empower people to live life to the fullest, with the confidence of financial protection.
Our primary mission is to support and drive the growth of our first business we started, Wysh, a cutting-edge financial protection company which offers innovative life insurance solutions for both individuals and financial institutions.
We’re a team of math nerd strategists, user flow obsessed designers, result-driven developers, and epic storytelling marketers. We’re an entrepreneurial team that values doers, people who think outside the box, and those who are not afraid to experiment. We love what we do and take work-life balance and professional development as seriously as our products.
Position Overview
We are seeking a Chief Actuary with experience leading actuarial functions within the insurance industry. This pivotal role drives business and pricing strategies, valuation, product development, and risk management. The Chief Actuary will collaborate across departments to ensure accurate financial reporting, optimize reinsurance relationships, and oversee underwriting processes, both automated and manual. Additionally, this role involves guiding the design of policy application questionnaires and managing claims.
What You’ll Do
Actuarial Leadership
- Advise and partner with executive leadership on prudent strategies to drive growth and profitability, while appropriately managing risk.
- Develop and manage pricing models for Term and Group Life products.
- Oversee valuation processes, ensuring accuracy and compliance with regulatory and professional standards.
- Lead product development efforts, collaborating with other departments to bring innovative solutions to market.
- Conduct forecasting and develop financial projections to inform strategic decision-making.
- Manage the reinsurance program, negotiating contracts and optimizing risk transfer strategies.
Underwriting & Claims
- Oversee manual and automated underwriting operations, ensuring accuracy, efficiency, and compliance.
- Design and refine policy application questionnaires to optimize risk assessment and customer experience.
- Provide actuarial support for claims management, ensuring fair and timely resolution.
Team Management & Collaboration
- Lead, mentor, and develop a team of one actuarial professional and two underwriters. Manage relationship and workflow with one external actuarial consultant.
- Collaborate with executives and cross-functional teams to achieve company objectives.
- Present complex actuarial findings in a clear, actionable manner to non-technical stakeholders.
Financial Reporting & Analysis
- Ensure compliance with accounting standards and regulatory requirements.
- Prepare and deliver financial reports to internal and external stakeholders.
- Lead analysis of company performance and recommend strategies for growth and profitability.
What You’ll Bring
- Fellow of the Society of Actuaries (FSA) or equivalent designation required.
- Bachelor's degree in actuarial science, mathematics, statistics, finance, or a related field.
- Advanced skills in actuarial modeling software (e.g., AXIS), Excel, SQL, and financial reporting tools.
- In-depth understanding of VM-20, Reg XXX, and other U.S. life insurance regulatory standards.
- Proven ability to lead and mentor small teams, including managing direct reports and external consultants.
- Demonstrated success in driving growth, pricing strategies, risk management, and reinsurance optimization.
- Experience working cross-functionally with underwriting, claims, and executive teams in a dynamic, innovative environment.
- Analytical and strategic mindset with proven experience in financial analysis and decision-making.
Diversity and Inclusion
String and Key is a proud equal opportunity employer that is committed to diversity and inclusion in and outside of the workplace. We strongly believe that everyone deserves a seat at the table and we support a culture where our people are empowered to be their authentic selves each and everyday.
We’re building a team that represents a variety of backgrounds, perspectives, and skills to reflect the world that we live in and the customers we serve. You are welcomed to apply for this role free of biases or discrimination regardless of your race, religion, color, sex, gender identity, sexual orientation, age, physical or mental disability, national origin, veteran status or any other basis covered by law.
Benefits
A Great Team – We focus on hiring people from diverse backgrounds who are easy to get along with and fantastic teammates.
Flexible Work Schedule – Remote work schedule. We’re interested in what you contribute more so than when you do it.
Work Life Balance – Unlimited PTO, Paid Holidays, along with Paid Summer Fridays and Paid parental leave.
Competitive Compensation – Exact compensation range is determined based on your region, years of experience, and specific skill set using aggregate market data from PayScale.
Health & Wellness – We offer 100% Medical Care Coverage for you and generous contributions for family, Dental and Vision Coverage, Commuter and Parking Reimbursement, 401k with a 4% Match, Health and Wellness Reimbursement, Free talkspace membership, Voluntary Long-term and Short-term Disability, Life Insurance and FSA/HSA.
Career Development – String and Key believes in upskilling their teams so each employee is provided a $1,000 annual training allowance.
Friendly office environments – Two modern offices; one in Dumbo, Brooklyn and the other in Durham, NC, offering a variety of working spaces for individual or team collaboration with free meals and snacks.
Social events – Monthly culture events, celebrations, team outings and social hours.
Apply for this job
*
indicates a required field