Job Opportunity: Actuarial Associate
We're committed to making a meaningful impact and take pride in being an insurance company that extends far beyond just policies and coverage. Joining us means having every opportunity to reach your goals while helping others achieve theirs too. Become a part of our team and contribute to shaping the future.
Position Overview
This pivotal role supports the Bond and Cross Lines team within our Actuarial Reserving Department. It offers the opportunity for strong individual contribution or the potential to grow into a managerial role, with responsibilities including completing reserve studies, fulfilling statutory requirements, and enhancing quarterly processes for aggregating reserves across all P&C lines. You'll gain valuable insights into reserving processes and analysis across various P&C lines, with high visibility to management. Building relationships with stakeholders across actuarial, claims, business segments, underwriting, and finance will be key. Additionally, this role involves supporting innovative reserving initiatives.
Location
This role offers a hybrid or remote work arrangement. Candidates residing near our office locations are expected to work in-office three days a week (Tuesday through Thursday), while those living farther away can work remotely, with occasional office visits as needed.
Note: Candidates pursuing exams as well as those not pursuing exams will be considered for this role. This position can be part of our Actuarial Student Program for individuals meeting program entry requirements.
Responsibilities
- Prepare and communicate reserve analysis results, including insights on monthly Actual versus Expected monitoring.
- Collaborate with Claims and Actuarial Pricing teams to monitor trends and emerging risks and communicate reserve impacts.
- Provide guidance to the Actuarial Pricing team for prospective ULAE selections within the planning process.
- Assist in preparing related support for the Actuarial Report.
- Develop innovative solutions to enhance actuarial methodology.
- Support reserving across the department for all P&C lines.
- Coordinate quarterly timelines and deliverables, maintaining files that aggregate all lines for meetings with Executive Leadership Team and Board of Directors.
- Prepare summary materials for key meetings with Executive Leadership Team.
- Propose and implement efficiencies on the team to increase accuracy and reduce complexity.
- Support key reserving initiatives including the TM1 Reserving Database.
Experience & Skills
- 3-7+ years of actuarial experience preferred; past or current reserving experience is a plus.
- Eligible for actuarial exam support for candidates meeting entry requirements for our Actuarial Student Program.
- Strong technical and analytical skills, advanced knowledge of Excel; experience in ResQ, TM1, R, and SQL preferred.
- Self-motivated and proactive with effective time management skills.
- Strong teamwork and collaboration abilities across various functions and organizational levels.
- Excellent written and verbal communication skills, capable of conveying technical concepts to diverse audiences.
Compensation
The annualized base pay range is $80,000 - $150,000, reflecting market analysis of similar positions. Actual pay may vary based on performance, proficiency, and demonstrated competencies. Other benefits may include bonuses, long-term incentives, and recognition programs.
We are an Equal Opportunity Employer, committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. We embrace diversity and encourage all individuals to apply.
Employment Type: Full-Time
Salary: $ 80,000.00 150,000.00 Per Year
