Actuary Sr

About the role

Lead cross-functional initiative with IT to streamline and upgrade legacy actuarial systems by designing and implementing automated, scalable and efficient solutions.

Responsibilities

• Conduct detailed reserve analyses across various actuarial segments, ensuring accuracy, consistency, and compliance with internal standards.
• Perform peer reviews of reserving analyses prepared by other team members.
• Support the quarterly and annual closing and reporting processes for the non-life reinsurance business.
• Ensure compliance with Statutory, GAAP, Solvency II, and IFRS reporting requirements.
• Work with Central Reserving, Business Units, Accounting, IT and other internal stakeholders to streamline actuarial and reserving operations that align with overall business goals.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Engineering or a closely related field plus 6 years as an Actuary, Actuarial Associate, Actuarial Analyst or closely related position in the property & casualty (P&C) insurance industry. Alternatively, will accept Master's degree in same fields plus 4 years of work experience in same positions.
• Must be a Fellow of the Casualty Actuarial Society (FCAS) or other comparable actuarial society.
• Prior work experience must include:
  • Evaluating loss emergence, conducting actuarial assessments and ensuring accuracy and consistency across segments;
  • Implementing technology-enabled workflows that combine actuarial methods with IT development practices by collaborating with IT teams in projects involving enhancements of the legacy systems;
  • Integrating actuarial models and operational processes within enterprise business workflows to streamline loss estimation, reporting and data preparation tasks;
  • Identifying any data anomalies, investigating discrepancies, and reconciling inconsistencies across multiple sources;
  • Ensuring that actuarial data reporting is accurate, compliant and reasonable to support sound business decision making process;
  • Performing actuarial analyses, building actuarial models and automating systems;
  • Analyzing loss trends, loss emergence, model outputs to support data-driven decision making;
  • Using statistical programming languages and tools including R, SAS, SQL, Python; and,
  • Building dashboards for actuarial KPIs using data visualization tools such as Power BI, Tableau.
• May telecommute but must have ability to report to the Princeton, NJ office 2 times per week.

Benefits

• Opportunity for company bonus based upon a percentage of eligible pay.
• Health insurance coverage.
• Employee wellness program.
• Life and disability insurance.
• 401k match.
• Retirement savings plan.
• Paid holidays and paid time off (PTO).