Actuarial Reserving Assistant Director & Associate - P&C Multi-Lines (Remote Option)

AD & Actuarial Associate - AS07AE

Actuarial Assistant - AS08AE

We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.

Overview of the Position

This is a key role that supports the Bond and Cross Lines team within the Actuarial Reserving Department. This role can be a strong individual contributor role or a developing manager role with responsibility for the completion of reserve studies, statutory requirements, and maintaining and enhancing quarterly processes that aggregate reserves across all P&C lines. This role will gain insights into reserving processes and analysis across all P&C lines and has high visibility to management. In addition, this position will require establishing relationships with management, and stakeholders in actuarial, claims, business segment, underwriting, and finance. This role will also provide support to innovate and advance our key reserving initiatives.

• Prepare and assist in communicating the results of reserve analyses, including:
  • Providing insight and commentary for drivers of monthly Actual versus Expected monitoring
  • Partnering with the Claims and Actuarial Pricing team to closely monitor trends and emerging risks and communicating the reserve impact to stakeholders
  • Guiding the Actuarial Pricing team in making their prospective ULAE selections within the planning process
  • Preparing related support for the Actuarial Report
  • Thinking creatively to develop innovative solutions to actuarial processes and how we can enhance long-standing actuarial methodology using more contemporary techniques
• Provide reserving support across the department to all P&C lines, including:
  • Coordinating quarterly timelines and deliverables by considering key milestones and communicating those to the department
  • Developing subject matter expertise of the department-wide reserving process by maintaining and enhancing files that aggregate all lines for meetings with the Executive Leadership Team and Board of Directors
  • Working closely with the Cross Lines Director and AVP to prepare summary materials for the Chief Reserving Actuary & Reserving AVPs in preparation for key meetings with the Executive Leadership Team
• Propose and implement efficiencies on the team with a focus on reducing complexity and increasing accuracy to produce high-quality, timely work.
• Provide support for key reserving initiatives including the TM1 Reserving Database.

• Individuals with 3-7+ years of actuarial experience; past or current experience in reserving preferred, but not necessary. Eligible for actuarial exam support for candidate meeting entry requirements for our actuarial student program.
• Strong technical and analytical skills; advanced knowledge of excel; experience in ResQ, TM1, R, and SQL preferred.
• Self-motivated and proactive candidate with the ability to manage time effectively by prioritizing in an environment with multiple responsibilities.
• Solid teamwork skills including ability to effectively collaborate with individuals in various functions at different organizational levels.
• Effective written and verbal communication skills with the ability to convey technical concepts to audiences of various levels and diverse technical backgrounds.