Position Title: P&C Reserving Actuary
Location: Chicago, IL (Hybrid - 3 days in-office, 2 days remote)
Company Overview:
Join a forward-thinking insurance organization specializing in providing top-tier commercial lines products and services. They prioritize innovation, teamwork, and excellence in service delivery.
Position Summary:
The P&C Reserving Actuary will play a critical role in the actuarial team by supporting reserving analysis and reporting for our commercial lines portfolio. This role is suited for a detail-oriented professional with a strong foundation in reserving practices who can effectively communicate insights and collaborate across departments.
Key Responsibilities:
- Lead and conduct reserving analyses for various commercial lines of business, providing critical insights to support financial stability.
- Ensure accurate estimation of loss reserves, including incurred but not reported (IBNR) reserves.
- Develop and implement reserving methodologies and enhancements to improve efficiency and accuracy.
- Collaborate with finance, underwriting, and claims teams to communicate reserve needs, adjustments, and other actuarial findings.
- Prepare actuarial reports and presentations for executive leadership, explaining reserve levels and underlying trends.
- Stay updated with regulatory standards and ensure reserving practices remain compliant.
- Mentor and guide junior team members in reserving principles and methodologies as needed.
Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
- Minimum of 5 years of experience in P&C insurance, 2 minimum reserving
- Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS) preferred.
- Strong analytical skills with proficiency in reserving software and Microsoft Excel.
- Excellent communication skills, with the ability to explain complex actuarial concepts to non-technical audiences.
- Proven ability to work independently and collaboratively in a hybrid work environment.
Work Environment:
This position operates on a hybrid model, with an expectation of 3 days in-office and 2 days remote each week.
