Sr. Actuarial Associate - Reserving
About the role
The Core Specialty Actuarial Reserving Team is seeking a Senior Actuarial Associate to join their dynamic team. This role will focus on evaluating reserve adequacy for general liability (primary and excess) and workers compensation lines of business during a period of significant growth.
Responsibilities
- Perform Quarterly Reserve Reviews (and ad-hoc analysis as needed) for assigned product groups to ensure adequate reserves are recorded and correctly reported at each quarter-end.
- Help ensure all regulatory requirements related to loss reserves are met in a timely fashion.
- Collaborate with Pricing, Claim, and Underwriting on periodic deep dive reviews on select reserve segments.
- Aid in the development and delivery of analysis findings to senior leadership and business partners, ensuring key drivers of results are understood and appropriate business decisions are made.
- Help ensure that the company’s reserving SOX controls are appropriately applied and documented in a timely manner to ensure quality and accuracy in reserving analyses.
- Help develop, monitor, and report out on monthly metrics to identify any trends in claim emergence. Utilize data visualization techniques to help communicate trends and insights more effectively.
- Annually assist in the peer review of key assumptions as well as the loss ratio analysis developed by Pricing for the upcoming Plan. Assist in the peer review of key assumptions and loss ratio analysis for new opportunities as needed.
Requirements
- A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required.
- Solid understanding and consistent demonstration of actuarial principles, techniques, and standards.
- Having or currently pursuing ACAS or FCAS and taking actuarial exams.
- 5 or more years of relevant experience; prior experience in Reserving for Property & Casualty business.
- Experience with effectively communicating results of analyses to business partners.
- High proficiency in MS Office suite (Excel, PowerPoint, Word, etc.).
- Working knowledge of data visualization software (Power BI, Alteryx, etc.) preferred.
Qualifications
- Ability to work collaboratively with a variety of individuals in a variety of functions (e.g., Finance, Claim, Underwriting, Actuarial, Operations).
- Comfortable making judgements, yet open-minded to hearing other opinions.
- Strong communication skills.
- Ownership of process, project, line of business. Identifies opportunities for improvement.
- Mets deadlines, knows appropriate level of urgency needed. Early warnings brought forward. Recognizes top priorities, assists with guiding priorities for smaller team. Helps identify root causes of mistakes.
- Leverages trusted relationships outside of team, is considered key resource.
- Solicits and reacts positively to feedback, provides feedback upon request.
- Shares knowledge with broader actuarial group.
Skills
- Collaborative problem-solving skills.
- Data analysis and interpretation.
- Effective communication and presentation skills.
- Project management and organizational skills.
- Knowledge of actuarial principles and standards.
Benefits
Core Specialty offers a competitive salary and benefits package including medical, dental, vision, and life insurance; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program.
Pay
The expected pay range for the role is $125,000 - $165,000. The specific offer will depend on an applicant’s skills, experiences, and exam progress.