Jobs · Nebraska

Actuarial Lead (Claims and Reserving)

Great West, An Old Republic Company · South Sioux City, NE · 1 mo ago
Full-time

What You'll Do

  • Evaluating the adequacy and consistency of case reserves across lines of business.
  • Developing and maintaining frameworks to monitor reserve adequacy and reserve strengthening activities.
  • Assessing reserve-setting practices across claim segments, offices, adjusters, and management units.
  • Establishing and monitoring reserve performance indicators and key metrics.
  • Supporting quarterly and annual reserve reviews using actuarial methodologies and management analyses.
  • Quantifying the impact of changes in reserve adequacy on incurred losses and reserve indications.
  • Partnering with Finance and Claims teams to analyze reserve development and emerging trends.
  • Performing actual-versus-expected analyses and identifying drivers of reserve variability.
  • Supporting financial planning, forecasting, profitability analysis, and other reserve-related initiatives.
  • Preparing reports, exhibits, presentations, and recommendations for business leaders and stakeholders.
  • Collaborating with Claims leadership to identify opportunities for improved reserve discipline and claims handling practices.
  • Analyzing claim closure rates, severity trends, litigation outcomes, and other performance measures.
  • Monitoring trends affecting claim frequency, severity, inflation, and legal environments.
  • Supporting the development of claims dashboards and operational performance metrics.
  • Developing statistical models and analytical tools to identify reserve adequacy risks and emerging claim trends.
  • Leveraging advanced analytics and data visualization techniques to support business decision-making.
  • Collaborating with auditors, consulting actuaries, and other internal and external stakeholders.
  • Ensuring compliance with actuarial standards of practice and company reserving policies.

What Makes You Successful

  • A strong understanding of property and casualty reserving principles and claim development concepts.
  • The ability to analyze complex data and translate findings into actionable business recommendations.
  • Excellent analytical, critical-thinking, and problem-solving skills.
  • A strong attention to detail and commitment to accuracy.
  • The ability to effectively communicate technical information to both technical and non-technical audiences.
  • Strong organizational skills with the ability to manage multiple priorities and deadlines.
  • The ability to build collaborative relationships across departments and levels of the organization.
  • A self-motivated individual with a continuous improvement mindset and a passion for data-driven decision-making.
  • Strong written, verbal, and presentation communication skills.

Preferred Qualifications

  • A Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related field.
  • An Associate of the Casualty Actuarial Society (ACAS) or equivalent actuarial credential.
  • Five or more years of property and casualty actuarial experience with a strong focus on reserving, claims analytics, or loss forecasting.
  • A strong understanding of case reserve practices and claims development methodologies.
  • Experience analyzing loss triangles, reserve development patterns, and claims performance metrics.
  • Advanced proficiency in Excel, SQL, and actuarial modeling tools.
  • Experience working directly with Claims organizations preferred.
  • Knowledge of predictive modeling, advanced analytics, and machine learning techniques.
  • Experience with programming languages such as Python or R preferred.

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