Actuarial Lead (Claims and Reserving)
Great West Casualty Company · South Sioux City, NE · 1 mo ago
Other
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
- Strong understanding of property and casualty reserving principles and claim development concepts.
- Ability to analyze complex data and translate findings into actionable business recommendations.
- Excellent analytical, critical-thinking, and problem-solving skills.
- Strong attention to detail and commitment to accuracy.
- 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.
- Ability to build collaborative relationships across departments and levels of the organization.
- Self-motivated with a continuous improvement mindset and a passion for data-driven decision-making.
- Strong written, verbal, and presentation communication skills.
Preferred Qualifications
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related field required.
- Associate of the Casualty Actuarial Society (ACAS) or equivalent actuarial credential required.
- Five or more years of property and casualty actuarial experience with a strong focus on reserving, claims analytics, or loss forecasting.
- 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.