Reserving Actuarial Analyst

Essential Duties and Responsibilities

• Supports quarterly and annual reserve reviews using traditional property-casualty unpaid claim estimation techniques and methodologies and implements the results effectively.
• Extracts, validates, and maintains transactional datasets for both internal use and transfer to the Appointed Actuary.
• Creates new or improves existing documentation, processes, and reports.
• Improves tools and efficiency of the review process and prepares reserve summary reports for various internal and external stakeholders.
• Led reinsurance data call completion and streamlines data capture; monitors and updates reinsurance data year-round.

Qualifications & Skills

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science, or related field.
• A minimum of three years’ experience in the property and casualty actuarial field is preferred.
• Credit for four exams and demonstrates commitment to pursuing actuarial credentials from the Casualty Actuarial Society is preferred.
• Demonstrates expert proficiency in Excel.
• Demonstrates general programming and/or database skills; SQL experience is preferred.
• PowerBI or Tableau experience is a plus.
• Strong actuarial knowledge base with proficiency in reserving concepts and P&C products/coverages is preferred.
• Experience with ResQ or similar reserve software is a plus.
• Excellent analytical, problem-solving, and organizational skills.
• Detail-oriented and demonstrates strong time-management skills to plan, prioritize, and consistently meet deadlines.
• Action-oriented with a focus on accuracy and results, including the ability to persevere in a variety of situations and assess the reasonableness of outcomes with precision.
• Strong written and verbal communication skills.
• Excels independently and contributes effectively to a team environment.

Pay Information

Mercant Insurance Group offers a competitive pay scale. The estimated salary for this role ranges from $75,000 - $95,000 along with an equity component and a comprehensive benefits package. This range is merely an estimate; actual compensation may deviate from this range based on skills, experience and qualifications.

Benefits

• Participation in the Merchants Insurance Group’s Actuarial Student Program.
• Welcoming and positive work environment.
• Flexible work arrangements, including flex scheduling and summer hours.
• Hybrid work schedule. The Hybrid work schedule will require two full days per week in the office, with the option to work the remaining days per month at home or in the office.
• Colleague Appreciation Events.
• Competitive pay scale.
• Outstanding company bonus program.
• Generous paid time off package.
• Full Benefits: Health, Dental, Vision, Life Insurance, Short Term Disability, 401(k) employer match amount is 100% up to 6% of your annual contributions. You are immediately 100% vested in the employer match dollars.
• Tuition Reimbursement.
• And many exciting company benefits!!