Reserving Actuary
Reserving Actuary
We are seeking an experienced Lead Reserving Actuary (FCAS/ACAS) to take charge of the company's reserving activities, helping shape the future of their reserving process and risk strategies.
Position Overview:
The Lead Reserving Actuary will oversee the company's reserving operations, providing expert insight into claims reserve estimation and risk management strategies. The role involves leading a team of actuaries, developing and refining reserving methodologies, and ensuring compliance with industry standards. The ideal candidate will be a Fellow of the Casualty Actuarial Society (FCAS) or Associate of the Casualty Actuarial Society (ACAS) with a deep understanding of loss reserves, actuarial methodologies, and strong leadership skills.
Key Responsibilities:
- Lead and mentor a team of actuaries focused on reserving activities.
- Develop, implement, and maintain reserving methodologies for various lines of business.
- Perform detailed loss reserve analysis and ensure the adequacy of reserves using actuarial techniques and models.
- Collaborate with senior leadership to communicate reserving results and provide strategic recommendations.
- Oversee the preparation and presentation of quarterly and annual reserve reviews, including regulatory filings and reports.
- Ensure compliance with applicable actuarial standards and regulatory requirements (e.g., GAAP, Statutory).
- Stay abreast of industry trends, regulatory changes, and emerging best practices in actuarial reserving.
- Provide leadership and coaching to junior actuaries, fostering career development and technical growth.
Qualifications:
- FCAS (Fellow of the Casualty Actuarial Society) or ACAS (Associate of the Casualty Actuarial Society) designation required.
- 5+ years of actuarial experience with a strong focus on reserving, particularly in the property & casualty (P&C) sector.
- Expertise in actuarial techniques such as loss development, frequency/severity models, and other reserving methodologies.
- Strong technical proficiency in actuarial software (e.g., ResQ, SAS, R, Python).
- Proven experience leading actuarial teams and working collaboratively with other departments.
- Deep knowledge of insurance financial statements and regulatory requirements (GAAP, statutory, and other applicable standards).
- Excellent communication skills, with the ability to present complex actuarial findings to both technical and non-technical stakeholders.
- Strong analytical and problem-solving skills, with attention to detail.
- Ability to manage multiple projects and meet deadlines in a fast-paced environment.
- Strong interpersonal skills with experience working with senior leadership and external auditors.
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