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Actuarial Director - Programs
Company : Nautilus Insurance Company
Location : Naperville, IL, 60563
Job Type : Full Time / Part Time
Date Posted : 11 January 2026
Company Details
At Berkley Program Specialists, we are dedicated exclusively to program business and excel at partnering with program administrators who possess significant underwriting expertise for homogeneous, niche classes of business. We enjoy the strength and stability that comes with being a Berkley Company and underwrite our programs through our member insurance companies, which are A+ (Superior), Financial Size Category XV, by A.M. Best.
Responsibilities
Primary responsibility to be lead actuarial support for several of the company’s programs. This will involve completing quarterly pricing reviews and communicating the results to the company stakeholders, monthly price monitoring, rate filings and class analyses where necessary. The position will work with underwriting, finance, claims and IT departments as they will be involved with the support of all facets of their programs. Additional responsibilities include support of the Chief Actuary in the quarterly reserving process and the development of dashboards and metrics to help the team maximize the program profitability.
A secondary opportunity for this position can be to help with reinsurance treaty pricing opportunities should the candidate possess the skill set and experience.
- Complete quarterly program pricing reviews.
- Communicate results, trends, and key aspects of the reviews to the Underwriting team and Senior management.
- Collaborate with other members of the Actuarial team and apply appropriate actuarial reserving techniques to determine ultimate losses and participate in the quarterly close process.
- Develop and complete monthly rate monitors, interpreting and communicating the results to the Underwriting team and Senior management.
- Complete class analyses on programs to help maximize profitability
- Create dashboards in Power BI to make program data and performance readily available to BPS team.
- Provide support to other departments as needed including underwriting, finance, claims and operations.
- Regular and predictable attendance
- Other duties as assigned.
Qualifications
- Bachelor’s degree in a related field (mathematics, actuarial science, statistics or equivalent).
- Minimum of 5 Casualty Actuarial Exams Completed.
- Excellent interpersonal and communication skills
- 8+ years of casualty actuarial experience with primary product pricing and reserving
- Reinsurance pricing experience a plus
- Rate filing experience a plus.
- Strong knowledge of MS Office tools (Excel, Outlook, Word, PowerPoint).
- Strong knowledge of SQL
- Knowledge and ability to use Power BI preferred.
- Knowledge and ability to use R and Python preferred.
The Company is an equal employment opportunity employer.
Additional Company Details
The position is based in Naperville, IL; in-office four days per week. We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base salary range: $160,000 - $210,000 annually. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. This role is eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.Sponsorship Details
Sponsorship not Offered for this RoleRelated Jobs
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Frequently asked questions
An Actuarial Director in programs plays a pivotal role by providing key pricing insights and trend analyses that empower underwriting teams to tailor strategies effectively. Their expertise in casualty actuarial science ensures program profitability through data-driven decisions and collaboration with cross-functional departments.
Career progression to an Actuarial Director in program management often requires extensive actuarial experience, successful completion of multiple casualty exams, and proven leadership in pricing and reserving. Developing skills in analytics tools like Power BI and SQL enhances candidacy by showcasing ability to drive program performance.
Beyond the core actuarial exams, proficiency in advanced analytics platforms such as Power BI, along with programming languages like R and Python, significantly bolsters a candidate's credentials. Experience in reinsurance pricing and rate filings also distinguishes candidates in senior actuarial program roles.
Nautilus Insurance, part of Berkley Program Specialists, emphasizes niche program underwriting with strong actuarial collaboration, creating a stable environment backed by an A+ rated financial standing. This fosters a unique culture of specialized actuarial leadership focused on program profitability and stakeholder communication.
The position mandates close interaction with claims, finance, underwriting, and IT to ensure actuarial insights support all facets of program execution. This cross-department collaboration enhances data accuracy, underwriting decisions, and financial forecasting, driving cohesive program management.
Salaries for Actuarial Directors in Naperville typically range from $160,000 to $210,000 annually, reflecting factors such as experience, exam progress, and skill set. Nautilus Insurance offers compensation within this band, complemented by bonuses and comprehensive benefits tailored to senior actuarial professionals.
Naperville’s insurance sector shows steady demand for seasoned actuarial leaders due to its proximity to Chicago's finance hub. While competition remains moderate, firms value candidates with strong casualty pricing and reserving expertise combined with advanced data analytics capabilities.
Naperville offers a balance of suburban calm and access to metropolitan resources, making commuting manageable for most. The local culture values in-office collaboration, as reflected by Nautilus’ four-day onsite workweek, fostering team synergy while allowing some flexibility.
Daily duties often include analyzing quarterly pricing, preparing rate monitors, interpreting class analyses, and developing performance dashboards. Close coordination with underwriting and senior management ensures that actuarial insights translate into strategic program decisions.
Nautilus’ role uniquely blends technical actuarial tasks with leadership across multiple insurance programs. The opportunity to influence reinsurance pricing and contribute to reserving processes offers a dynamic, growth-oriented environment for experienced actuarial directors.