- Assist with the Quarterly Reserving process (i.e. reserve analyses and reports, including discussions with claims, underwriters, finance, senior management, and outside consultants and auditors)
- Assist with and/or lead the development of new reserving techniques, as well as new ways to access and examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management.
- Partner with IT and Enterprise Data teams to bring efficiencies to and modernize our current data processes as well as enhance analytical capabilities
- Assist with and/or lead quarterly in-depth analysis for several business divisions, the discussions around assumptions and uncertainty, including presentation to executives, development of ongoing forecast process together with input on trend and plan projections
- Collaborate closely with business division leaders, pricing actuarial, and claims to identify loss trends and emerging issues that could impact results and assist in developing proposals for corrective action in a timely manner
- Assist in developing a discussion supporting the quarterly result and the drivers behind it
- Assist with developing tools, metrics, dashboards to inform and support the quarterly result and drivers behind it
- Assist with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting)
- Communicate and coordinate with third parties regarding independent reserve analyses
- Assist and/or lead SOX compliance efforts
- Assist with Quarterly Underwriting Year, NPV, and ROE analyses as needed.
- Prior experience in a corporate or business unit reserving function strongly preferred.
- Experience with programming (such as SQL, R or Python) preferred.
- Ability to lead projects and get work done in collaboration with others.
- Ability to establish and build effective relationships within the organization.
- Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbal and in writing.
- Experience presenting results / findings to senior management a plus.
- A critical thinker who will challenge others in a respectful manner and will be open to being challenged.
- An individual who is a quick self-study and has the ability to balance multiple tasks simultaneously. Adaptable, flexible, and thrives in a fast-paced and ever-evolving environment.
- A detail-oriented person who can be committed to both quality as well as accuracy.
- Intellectually curious – willing to ask questions and challenge assumptions.
- An understanding and appreciation of the peaks and valleys in the work flow required of a dynamic reserving and loss analytics function that combines both corporate reserving responsibility as well as insight driven reserving studies.
- Associate or Fellow of the Casualty Actuarial Society preferred (non-credentialed candidates with strong prior experience will be considered)
- 5+ years of experience
- Reserving experience and/or Corporate Actuarial experience is strongly preferred
- Management experience a plus
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Actuarial Director - Jersey City, United States - Bernard Nickels & Associates
Description
Role: Actuarial Director, Reserving & Loss Analytics
Status: Perm
Location: Jersey City, NJ
Salary: up to $200,000
Increase your chances of an interview by reading the following overview of this role before making an application.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential.
Job Summary
Seeking a motivated actuarial candidate to join a dynamic Reserving and Loss Analytics team. This is a unique dual-purpose role. Reserving-related and claim analytics engagements account for a portion of the role, with focus on E&S Casualty and the Canada book of business.
Additionally, this role will have explicit focus on the Corporate Actuarial function, including management of regulatory communication, NAIC Statement of Actuarial Opinion processes, external and internal audit framework, third-party reserve analyses on behalf of the Insurance Group, SOX compliance, as well as US GAAP and Statutory reporting requirements in closer partnership with both Insurance Group Finance organization and Capital Group Actuarial and Finance organizations.
This position will require application of the latest actuarial approaches to ensure appropriate reserve adequacy and reporting, as well as innovative thinking to help drive newly developed strategic vision and leverage available data, industry information, foundational analytics for critical decision making, and help with development of analytical tools and insights.
The ideal candidate will have strong analytical, technical and communication skills, be committed to developing strong business acumen, and most importantly, will work well in a team environment in close partnership with Pricing Actuarial, Underwriting, Claim, IT, Finance, and other functions.
Organization and prioritization skills are crucial to this role, given its dual-purpose nature. The candidate will need to balance multiple tasks and coordinate with other members of the time to help with resources as needed.
This position offers a challenging role, opportunities for growth and advancement, a competitive compensation package, solid benefits, in a dynamic and forward-looking actuarial team. Depending on the candidate, this position may include management of 1-2 staff members.
Responsibilities
A.) Reserving & Loss Analytics
B.) Audit, Compliance, & Financial Reporting
C.) Profitability Reviews
Education and Experience
The successful candidate will have the following requirements:
