Lead Reserving Actuary
Lead Reserving Actuary
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Salary Not Disclosed
1 Vacancy
Job Description
Company Details
Berkley Human Services a Berkley Company is devoted to meeting the needs of Human Services Organizations. Our insurance policies are written through our Berkley affiliates each of which is rated A (Superior) by A.M. Best Company with a Financial Category of XV.
We offer property and casualty coverage designed for the unique operational aspects of social service organizations. Our Human Services Program dates back to 1989 and has continuously evolved to meet the unique needs of the market we serve. We insure both nonprofit and for-profit social service organizations such as child daycare sheltered workshops group homes senior citizen centers senior independent living schools counseling services YMCAs YWCAs and Boys & Girls Clubs.
Responsibilities
The Lead Reserving Actuary supports the Chief Actuary by the reserving function including quarterly reserve analyses loss development studies and communication of reserve adequacy to senior leadership. This role collaborates with Claims Finance and Underwriting to ensure accurate and timely reserve estimates and contributes to strategic planning and regulatory reporting.
- Lead the quarterly reserve review process including analysis of loss development trends and reserve adequacy.
- Collaborate with Claims and Underwriting to understand trends and operational impacts on reserves.
- Prepare actuarial exhibits and commentary for financial reporting and regulatory filings.
- Support Finance in the development of loss forecasts and planning/budgeting processes.
- Conduct special studies such as reserve variability tail analysis and stress testing.
- Mentor and guide 1 to 2 analysts on reserving workflows project prioritization and technical development.
- Interface with internal stakeholders on reserving assumptions model enhancements and data quality.
- Assist in the development and refinement of reserving tools and models.
- Ensure compliance with actuarial standards of practice and internal governance.
Qualifications
- Minimum of 3-5 years of experience in the Property/Casualty Insurance industry.
- Experience in multiple (package) lines of business preferred.
- Primary focus on the Reserving Practice area preferred.
- Member of the Casualty Actuarial Society.
- ACAS designation required.
- Effective communication skills both verbal and writing.
- Strong analytical and problem-solving skills.
- Proficiency with MS Office Suite; knowledge of SQL language; knowledge of R Python etc. is a plus.
Education
Bachelors Degree required preferably in Mathematics or Actuarial Science.
Additional Company Details
We do not accept unsolicited resumes from third party recruiting agencies or firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees including:
Base Salary Range: $96k - $156k
Eligible to participate in annual discretionary bonus
Benefits include Health dental vision dental life disability wellness paid time off 401(k) and profit-sharing plans
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
Additional Requirements
Employment Type
Unclear
