Job Description

Summary

The Director, Commercial Lines Actuarial is accountable for leading pricing strategy and actuarial analysis across Mapfre’s Commercial Lines portfolio, including Commercial Auto, Businessowners Policy (BOP), and Commercial Package Policy (CPP). The Director will translate portfolio performance, competitive conditions, regulatory requirements, and business objectives into actionable pricing and product recommendations. This role leads two actuarial analysts and works closely with Underwriting, Product, Finance, Claims, Data, IT, and senior management to support profitable growth, sound rate levels, effective segmentation, and timely rate filings. The Director is also responsible for maintaining and improving actuarial processes, developing team capabilities, and clearly communicating recommendations, assumptions, risks, and business impacts to internal and external stakeholders.

What You'll Do

• Lead pricing strategy and actuarial analysis for Commercial Auto, BOP, and CPP.
• Evaluate loss and loss adjustment expense trends, expenses, investment income, profit and contingency provisions, reinsurance, and other components of actuarially sound rates.
• Own line-of-business profitability, planning, growth, rate adequacy, competitive positioning, segmentation, and rate-impact analysis.
• Develop recommendations for rate changes, new or revised coverages, classification plans, rating structures, and other product changes.
• Establish priorities and quality standards for the rate review and filing schedule and ensures that supporting analyses are accurate, well documented, and delivered on time.
• Communicate recommendations, assumptions, risks, and financial impacts to senior management and external stakeholders and works with business partners to drive appropriate action.
• Lead, develop, and manage two actuarial analysts. Sets priorities, delegates work, reviews analyses, establishes quality-control standards, and ensures timely delivery. Provides coaching on actuarial methods, commercial lines insurance, data tools, business communication, and project management. Supports professional development, including progress toward CAS credentials and readiness for expanded responsibilities.

What You'll Bring

• Bachelor's Degree or professional level of knowledge in a specialized field, or equivalent related experience preferred.
• 10+ years of experience

Required

• Bachelor’s degree in actuarial science, mathematics, statistics, economics, or a related quantitative field
• Substantial property and casualty actuarial experience with increasing responsibility; experience in commercial lines pricing, preferably including Commercial Auto, BOP, or CPP
• Demonstrated ability to lead actuarial analyses, communicate recommendations to senior stakeholders, and manage multiple priorities
• Strong knowledge of insurance operations, accounting, regulation, reinsurance, and applicable Actuarial Standards of Practice
• Proficiency with Microsoft Office and analytical tools such as SQL, SAS, R, or comparable platforms
• Experience developing or improving complex analytical processes and data sources.
• ACAS or FCAS credential

Preferred

• Prior experience managing actuarial employees
• Experience with pricing and modeling platforms such as Earnix, Emblem, or comparable tools

Why Mapfre?

As a global insurance leader with a strong local presence, we offer more than a job — we provide a purpose-driven career where your growth, well-being, and impact truly matter.

Purpose & Culture: Join a company built on trust, collaboration, and inclusion. Our values guide everything we do, creating a workplace where people feel respected and empowered.

Career Growth: Advance your skills through tuition reimbursement, leadership programs, and internal mobility opportunities. Your development is our priority.

Social Responsibility: Contribute to meaningful initiatives through Fundación Mapfre, supporting communities and sustainability worldwide.

Pay Transparency: The typical starting salary range for this role is determined by several factors including skills, experience, education, certifications, and location. Some roles at Mapfre are eligible for commission and/or bonus earnings, in addition to salary, calculated based upon factors set forth in the compensation plan for the role.

Salary Range: $200,000 - $255,800

Benefits Highlights:

At Mapfre, we invest in our employees' well-being by offering a comprehensive benefits package, including:

• Paid Time Off (PTO): A flexible PTO program that combines vacation, personal, volunteer and sick time into one convenient bank of paid time off.
• 401(k) & Profit Sharing: Eligible employees may participate in Mapfre's 401(k) plan that includes company matching contributions up to certain amounts under the terms of the plan.
• Medical, Dental and Vision Coverage: Choice of comprehensive medical, dental and vision insurance coverage under group plans offered by the company.
• Other Benefits Include: STD, LTD, Life Insurance, FSA, HSA and various wellness programs

Benefits provided are subject to the terms and conditions of the applicable benefit plan or policy. The Company reserves the right to alter, amend, or terminate benefits in its sole discretion. To learn more about our benefit offerings please visit: https://mapfre.gobenefits.net/

If you require a reasonable accommodation during the application or selection process, please contact the Mapfre Talent Acquisition team at talentacquisition@mapfre.com. Mapfre is proud to be an Equal Opportunity Employer.