Senior Actuarial Reserving Analyst

  • 34244
  • Non-Life - Actuarial
  • |
  • South Carolina, United States
  • |
  • Sep 18, 2018
Insurance
RESPONSIBILITIES
  • Assist the Reserving AVP in the actuarial reserving process.
  • performing reserve analyses, summarizing the findings of the analyses, interpreting the financial and u/w implications, and communicating the results to Senior Management.
  • Peer reviewing the reserve analyses of others.
  • Ensuring adherence to AAA/CAS guidance and principles; developing and maintaining formalized reserving processes, controls, and documentation.
  • Optimizing the efficiency and capabilities of the Company’s third-party vendor reserving software.
  • Develop data sources, processes, and controls that ensure the efficient production and maintenance of reliable, complete, balanced, and accurate reserving data.
  • Assist in the monitoring and reporting of the Company’s carried case and IBNR reserves, including providing IBNR files needed for financial reporting.
  • Summarize carried vs. indicated reserve exhibits in time for Senior Management to make timely reserving decisions each quarter; assist in the preparation of material for quarterly Board meetings.
  • Develop annual expected emergence targets and perform monthly actual versus expected analysis.
  • Support Claims Leadership with monthly analysis of Claims metrics and other ad hoc requests.
  • Integrate results from Claims Predictive Analytics models into current reserving analyses; develop Company’s use of predictive modeling methods for reserving analysis.
  • Assist in ensuring all actuarial financial statement items are determined in accordance with relevant regulatory, statutory, accounting, and actuarial guidance.
  • Support the maintenance, research, and development of appropriate actuarial models and methods for testing reserve adequacy, reinsurance needs, and other financial and business applications.
  • Analyze and interpret results of analyses; research business problems that emerge, explain findings, and make recommendations to Senior Management and Business Leaders; implement needed changes to Company strategy and processes.
  • Perform other duties as assigned by Management.
QUALIFICATIONS
  • Bachelor’s Degree in Mathematics, Actuarial Sciences or related field required.
  • Associate of the Casualty Actuarial Society or near ACAS required.
  • Minimum five years of actuarial experience with advanced knowledge of actuarial methods and analysis required.
  • Prior reserving experience is required, preferably commercial auto liability.
  • Advanced computer applications skills required
  • It is assumed the candidate will also be skilled in spreadsheet development, database use, presentation creation, word processing, Internet, e-mail.
  • Predictive analytics or statistical modeling experience highly desirable.