Director Corporate Forecasting

  • 37800
  • Non-Life - Actuarial
  • |
  • New Jersey, United States
  • |
  • Jul 17, 2020
Insurance
RESPONSIBILITIES
  • Develop company’s current forecasting process to industry best-in-class, including building of new multi-year and multi-dimensional forecasting model at a Statutory Line of Business, Branch and ultimately translated to a consolidated SEC GAAP reporting entity view
  • Coordinate the forecasting workflow from various internal and external sources, including expected claims, catastrophe losses, accident and calendar year reserve development, investment income, and other balance sheet drivers.
  • Support the strategy office with scenario analysis that monitors implementation of the company strategy
  • Collaborate with the risk office to anchor the economic capital model around the forecast and develop stress scenarios to support the ORSA process.
QUALIFICATIONS
  • Bachelor’s degree in statistics, finance, or related field.
  • Preference given to those holding the professional designation of Associate of the Casualty Actuarial Society.
  • 10 years+ of progressively responsible experience in the P&C insurance industry in a Corporate Finance role
  • Experience in P&C insurance corporate planning and financial forecasting, preferably in commercial line of business
  • Strong knowledge of both statutory and GAAP accounting principles
  • Knowledge of technical forecasting concepts: loss and exposure trending, property catastrophe modeling, premium on-leveling, and expected reinsurance recoveries.
  • Familiarity with the P&C loss model reserving process, actuarial methodologies including IBNR and principles of Accident Year & Pricing impact on future business outcomes
  • Experience in providing inputs and interpreting outputs from an economic capital model
  • Experience with forecasting impacts of investment income, and other changes to surplus and equity within an insurance operation.