Reserving Actuary
Reserving Actuary
Job Title: Reserving Actuary
Location: Ohio
Job Type: Hybrid
About the Role:
My client is seeking a highly skilled and motivated Reserving Actuary to join our dynamic team. The successful candidate will play a crucial role in ensuring the accuracy and reliability of our insurance reserves. This position offers an excellent opportunity to work in a collaborative environment and contribute to the financial stability and success of our organization.
Key Responsibilities:
- Reserving Analysis: Conduct detailed actuarial analyses to estimate insurance reserves, ensuring compliance with regulatory requirements and internal standards.
- Data Management: Collect, validate, and analyze data from various sources to support reserving activities.
- Reporting: Prepare and present comprehensive reports on reserve adequacy, trends, and potential risks to senior management and stakeholders.
- Model Development: Develop and maintain actuarial models to project future liabilities and assess reserve adequacy.
- Collaboration: Work closely with underwriting, finance, and claims departments to gather necessary information and provide actuarial insights.
- Regulatory Compliance: Ensure all reserving practices comply with relevant regulations and industry standards.
- Continuous Improvement: Stay updated with industry trends, best practices, and emerging technologies to enhance reserving processes.
Qualifications:
- Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Experience: Minimum of 3-5 years of experience in actuarial reserving within the insurance industry.
- Certifications: Associate or Fellow of the Casualty Actuarial Society (ACAS/FCAS) or equivalent.
- Technical Skills: Proficiency in actuarial software and tools (e.g., Excel, SQL, R, Python).
- Analytical Skills: Strong analytical and problem-solving abilities with attention to detail.
- Communication: Excellent verbal and written communication skills, with the ability to explain complex actuarial concepts to non-actuarial stakeholders.
- Team Player: Ability to work effectively in a team-oriented environment and collaborate with cross-functional teams.
Benefits:
- Competitive salary and performance-based bonuses
- Comprehensive health, dental, and vision insurance
- Retirement savings plan with company match
- Professional development opportunities
- Flexible work arrangements
- Generous paid time off and holidays
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