Reserving Actuarial Analyst

About the role

This position is responsible for providing critical analysis and internal reporting for companywide processes such as reserving, forecasting, portfolio analyses, and miscellaneous supporting initiatives. A successful candidate must synthesize expert level understanding of insurance, finance, and building models to address questions from a wide variety of departments including Underwriting, Finance, Sales, and top management. Required skills include in-depth knowledge of reserving, relational databases, data warehouses, Excel, financial models, and a working knowledge of predictive modeling. This position works with all management levels across the North American organization with significant exposure to Holding Company and is a direct report to Sr Actuarial Analyst.

Responsibilities

• Quarterly and annual reserving for IFRS17 and Solvency2 using established actuarial methods.
• Provides range of reasonable reserves, selects best estimates, and provides clear explanations of changes from one analysis to the next.
• Compares own assumptions with alternate competing assumptions and assesses impact best estimate.
• Tracks evolution of booked value within range, and in comparison, to best estimate.
• Support Capital and Investment functions on topics involving UBEL.
• Support in IT projects related to losses.
• Performs the estimation of losses for Budget and Forecast.
• Develops criteria to validate results considering prior expectations.
• Identifies root causes of results materially outside of expectation.
• Assists colleagues with validation, version control and consistency of assumptions throughout process.
• Examines and interprets technical results in the context of the specific complex business questions being addressed.
• Identifies new questions and/or unforeseen data complexities arising from technical results and takes steps to address them with appropriate responsible parties.
• Uses data systems, query tools to design and execute work projects associated with the above.
• Provides clear communication of results both in writing and verbally, being clear and concise by identifying appropriate level of detail for intended audience, using data visualization wherever possible.

Requirements

• High School Diploma or Equivalent (GED) required.
• Bachelor's degree (B.S.) in mathematics, actuarial science, economics, finance or similar degree from an accredited college or university required, or related degree.
• Completion of at least 1-3 actuarial exams.
• 2+ years related actuarial experience.
• Reserving principles including understanding the reserving process and financial impacts.
• Clear communication skills.

Qualifications

• Knowledge of IFRS17 and Solvency2 preferred.
• Knowledge of PBI, SQL, R and ResQ preferred.
• Experience working with finance, sales, operations and executive level communications preferred.

Skills

• In-depth knowledge of reserving, relational databases, data warehouses, Excel, financial models, and a working knowledge of predictive modeling.

Benefits

• Generous Employer contribution for health, dental, and vision insurance.
• Paid Maternity and Paternity Leave.
• Scholarship Program for Employee Dependents.
• Company match on 401k.
• Employee Assistance Program (EAP).
• Company paid short-term and long-term disability insurance.
• Company paid life insurance.
• Voluntary Pet Insurance.
• Voluntary Legal Benefit.
• Discounts on travel insurance.
• Time off policies including vacation days, sick days, personal days, holidays and volunteer days (VTO).

Pay

$85,000 - $120,000/year

Schedule

This is a hybrid role based out of our San Diego, CA office. As a hybrid role, you will be working onsite 2-3 days a week and working from home 2-3 days a week.

Position Coordinates

Monday-Friday during regular business hours (approximately 8:00am-5:00pm). Occasional overtime may be required according to business need.