Senior Vice President

  • 33318
  • Non-Life - Actuarial
  • |
  • New York, United States
  • |
  • Feb 12, 2018
  • Leads staff in the production of actuarial analyses and models relating to loss and LAE reserve analysis and reinsurance pricing
  • Perform quarterly reserve analysis and recommendations to management, including Board presentations and discussions with rating agencies and auditors
  • Monitor developments in actuarial practices and insurance operations to ensure actuarial and quantitative analysis methods are up-to-date, accurate, and producing valuable results from which to make good business decisions
  • Partner with claims management, providing them key metrics and insights into relevant claims trends
  • Assist in the design of ERM models which are used to make business decisions, including capital allocation, reinsurance retention and limits, and profit provisions for pricing
  • Provide reinsurers and brokers with information necessary to price ceded reinsurance treaties.
  • Prepare and maintain accident year results used to manage our business. Duties include the production of quarterly and ad hoc management reports.
  • Support statutory and GAAP reporting by providing IBNR related schedules and disclosures, including Schedule P, reserve ranges, reserve sensitivity analyses, and associated narratives
  • Continuously improve quality of staff through training, rotation and support of the actuarial exam process
  • Manage a staff of programmers which have considerable business knowledge and are responsible for supplying information throughout the actuarial department
  • Work with commercial and personal lines pricing units to keep key assumptions up to date and consistent across all actuarial reports and analyses
  • Develop constructive relationships with corporate and regional UW, fostering positive two-way communication
  • College degree in Mathematics, Actuarial Science, Statistics, or Economics
  • FCAS (Fellow of the Casualty Actuarial Society) required
  • 10+ years experience in Property/Casualty Commercial Lines Reserving with at least 5 years in a leadership
  • Must be able to effectively communicate with all levels in the organization, resolve conflict, and gain cooperation/consensus among competing interest groups.
  • Must have significant knowledge of reserving techniques, and preferably experience in statutory and GAAP financial reporting.
  • Pricing and/or reinsurance experience is a plus