Reserving Actuarial Analyst
About the position
Responsibilities
• Collaborate to drive forward the analysis of ultimate losses and loss adjustment expenses across all our products and geographies
• Design ad hoc analyses to address company specific requests that deliver insights on loss and premium performance, emerging issues, competitive analysis, and industry results
• Coordinate, maintain and communicate metrics from the loss reserving process to support related disciplines such as pricing, claims, and underwriting
• Support the annual, quarterly and monthly financial reporting processes across GAAP and STAT entities
• Perform forensic data analysis to identify any issues with claims data quality
• Contribute to reconciling data, setting up data routines, structuring custom reserve reviews, and ensuring the organization has effective tools to evaluate reserves
• Identify opportunities for process and efficiency improvement in department functions with follow-through to implement data driven and automated solutions
• Use exposure-based methods and weather models to manage event-specific CAT ultimate projections from day zero
• Opportunity to innovate reserving models: model building, refitting, or calibration
• Support the review of new and existing insurance programs
Requirements
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field
• Minimum 2-4 years in actuarial role including time in property casualty loss reserving
• Solid foundation in basic reserving methodologies
• Actuarial credentials: Minimum passed Exam 5 or ACAS required
• Strong research, statistical, analytical, and mathematical skills with ability to conduct analysis on limited and/or unstructured data
• Demonstrated experience presenting to senior leadership and communicating with a large audience across different disciplines
• Professional proficiency in SQL, Excel, and Python are required
• Demonstrated project management and ability to deliver under tight timelines
Nice-to-haves
• Personal lines and/or catastrophe experience is a plus
• 1-3 years' experience in accounting concepts and terminology for US GAAP and NAIC statutory financial reporting
• Experience with Arius (Akur8) reserving software
Benefits
• Multiple medical plans to choose from and 100% employer covered dental & vision plans for our team members and their families
• 401(k)-retirement plan
• Short & long-term disability
• Employer-paid life insurance
• Flexible Spending Accounts (FSA) for health and dependent care
• Employee Assistance Program (EAP)
• Equity compensation
• Training and internal career growth opportunities
• Flexible Time Off
• 12 weeks of parental leave for primary and secondary caregivers
• Snacks and drinks available for onsite employees
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