Actuarial Director – Reserving & Loss Analytics

Actuarial Director – Reserving & Loss Analytics

Requirements

• Prior experience in a corporate or business unit reserving function required.
• Additional experience in pricing or reserving for Commercial lines – Executive Assurance, Professional Liability, Healthcare, Property, Casualty, Workers Comp, or Surety is a plus.
• Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbal and in writing.
• Demonstrated programming skills (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.
• Experience presenting results / findings to senior management a plus.
• A direct and transparent communicator.
• Knows how and when to keep others informed.
• Courage to have open and difficult discussions.
• 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 multi-task.
• A detail-oriented person who can be committed to both quality as well as accuracy.
• Working knowledge of industry data sources (ISO, NCCI, RAA, SAA), with an acute understanding of the strengths and weaknesses of the various industry and peer competitor data emanating from the various data collection and aggregation procedures employed by the various bureaus is a plus.
• 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.

Responsibilities

• Assist with the Arch Quarterly Reserving process (i.e. Arch reserve analyses and reports, including discussions with claims, underwriters, senior management, and outside consultants and auditors)
• Assist with and/or lead the development of new reserving techniques, as well as new ways to examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management.
• 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 with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting)
• Assist in developing a discussion supporting the quarterly result and the drivers behind it.
• Assist with Quarterly Underwriting Year, NPV, and ROE analyses.

Preferred Qualifications

• FCAS preferred (will consider non-FCAS with strong prior experience)
• 5+ years of experience
• Reserving experience is strongly preferred
• Management experience strongly preferred
• Technical programming skills – such as SQL, R or Python preferred.