Reserving Actuarial Analyst

About the role

On the Expedition, this position is responsible for providing critical analysis and internal reporting for companywide processes such as reserving, forecasting, portfolio analyses, and miscellaneous supporting initiatives.

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.
• Supports Capital and Investment functions on topics involving UBEL.
• Supports 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.
• Aids 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

• In-depth knowledge of reserving, relational databases, data warehouses, Excel, financial models, and a working knowledge of predictive modeling.
• Reserving principles including understanding the reserving process and financial impacts.
• Clear communication skills.

Qualifications

• 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.

Skills

• 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.

Benefits

• Generous employer contribution for health, dental, and vision insurance.
• Paid maternity and paternity leave.
• Education and professional development assistance program.
• Passport to Perks includes discounts on travel insurance.
• 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

$85k - $120k/yr

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

Company Information

Redion is part of the Generali Group and utilizes various corporate and product brands. The brands for our North American team include Redion Insurance Services, Inc., Redion US Holdings, Redion Medical Management, Inc., and Iris, powered by Generali.