Actuary Contractor (Equity Opportunity)

We are looking for an experienced Actuary to design, implement, and maintain sophisticated prize pool and risk assessment models for a groundbreaking start-up sports league. This role involves developing multi-tiered competition structures, designing prize distribution frameworks for daily events and seasonal championships, and ensuring financial sustainability across diverse participation scenarios. The successful candidate will apply actuarial science to a dynamic, data-driven environment where technology and performance-based advancement drive the competition.

Key Responsibilities:

• Develop comprehensive actuarial models for a multi-tiered competition system, accounting for daily events, seasonal championships, and special competitions.
• Create and implement risk assessment frameworks that support performance-based advancement criteria and ensure financial stability.
• Design dynamic prize pool structures that adapt to daily events, end-of-season championships, and high-stakes special competitions.
• Model financial sustainability across a variety of participation scenarios, using advanced simulation techniques to forecast outcomes and balance profitability with participant payouts.
• Apply Monte Carlo simulations and other advanced risk modeling techniques to evaluate financial risks and optimize competition structures.
• Provide strategic insights to balance the participant experience with operational profitability.

Requirements:

• FSA (Fellow of the Society of Actuaries) or FCAS (Fellow of the Casualty Actuarial Society) certification required.
• Minimum of 7+ years of experience in actuarial science, with a strong focus on financial modeling, prize structuring, or risk assessment.
• Proven experience in sports analytics, gaming mathematics, or related fields where competition models drive financial outcomes.
• Advanced proficiency in statistical modeling tools such as R or Python.
• Extensive experience with Monte Carlo simulations, scenario modeling, and risk management frameworks.
• Strong analytical and problem-solving skills, with the ability to translate complex data into actionable financial insights.

Preferred Skills:

• Prior experience designing models for sports leagues, gaming systems, or lottery-style competitions.
• Familiarity with niche competitive markets or unique event structures.
• Strong communication and collaboration skills to work across teams, including finance, data science, and operations.