Actuary – P&C Reserving – Mass Tort and Special Projects

Actuary – P&C Reserving – Mass Tort and Special Projects

Requirements

• Undergraduate degree in actuarial science, mathematics, statistics, data science or similar background requiring modeling, programming, or quantitative analysis.
• Fellowship in the Casualty Actuarial Society preferred, Associate in the Casualty Actuarial Society required.
• Generally, seven or more years of actuarial experience.
• Expert knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software, and databases.
• Mastery of Microsoft Office products, analytical software, and programming languages.

Responsibilities

• Maintains a constant dialogue with Claims leadership to assure that changes in procedures and operations as well as industry trends and new developments are accurately reflected in the selection of estimated loss and loss adjustment expense amounts.
• Supervises and assesses corporate liabilities on a regular basis. This includes detailed book of business analyses that are organized throughout the year and result in annual revisions. Leads the management of related in-house exposure models.
• Conducts complex analyses, adhering to actuarial standards, by selecting appropriate data sources, making assumptions, recognizing consideration, and developing recommendations. Accountable for resolving unreasonable results/non-optimal solutions using experience and professional judgment. Analysis conducted will be used to influence broad strategic vision. Analyzes and effectively communicates trends and changes in financial results to senior management.
• Manages retrieval and manipulation of data to ensure suitability with actuarial methodologies employed.
• Ensures documentation of assumptions, methods, sources, and considerations; adheres to CAS standards of practice.
• Assists in the valuation of mergers/acquisitions by providing estimates of the adequacy of the liabilities carried by potential business partners.
• Represents company professionally in all internal/external interactions; exercises outstanding judgment; keeps Associate Vice President / Senior Officer advised as needed. Negotiates as assigned within defined parameters.
• Develops and implements new techniques used in peer reviews. Participates in peer reviews to provide expert guidance, collaboration, ensure quality work and drive innovation.
• Operates as corporate leader to advance and influence the strategic direction within Nationwide.

Preferred Qualifications

• Other criteria, including leadership skills, competencies and experiences may take precedence.