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Reserving Actuary

2 months ago


Chicago, Illinois, United States Axis Capital Full time
About the Role

We are seeking a highly skilled Casualty Reserving Actuary to join our team at Axis Capital. As a key member of our actuarial reserving team, you will play a critical role in performing and enhancing quarterly reserving analyses for both insurance and reinsurance business.

Key Responsibilities
  • Provide in-depth analyses for quarterly reserving for the Casualty segment and present results to management
  • Support the selection of initial expected loss ratios by evaluating trend and rate change experience, working closely with pricing actuaries
  • Perform actual versus expected analyses, including explanation of large movements during the quarter
  • Review quarterly underwriting year and accident year exhibits for divisional, segmental, and group reserve meetings, along with interpretation of results
  • Participate in ad-hoc reserve and profitability studies on specific lines of business, including analysis of underwriting and claim trends, shifts in mix of business, changes in limits or retentions, and examination of loss and premium development patterns
  • Partner with Pricing and Underwriting counterparts to provide insights and better understand results
  • Assist with the analysis of new business opportunities and expansion of current business, as needed
  • Maintain relationship with outside auditors and third-party reserving partners
  • Respond to data requests and provide support for quarterly reserving from the corporate actuarial group
  • Assist with the analysis of quarterly results and detailed accident and calendar year analysis and commentary for internal and external clients
About You

We are looking for a highly experienced Casualty Reserving Actuary with a strong background in property & casualty actuarial field, significant reserving experience, and excellent PC skills and knowledge of Microsoft Excel. Familiarity with VBA, SQL, and ResQ is a plus. In-depth knowledge of property & casualty insurance company reserving and operations is essential. Excellent organizational skills and a strong attention to detail are also required.

What We Offer

We offer a competitive base salary, target incentive compensation, and a comprehensive benefits package. This role is based in Chicago, IL; New York, NY; Alpharetta, GA; or London, and requires frequent interaction with all departments of the company. If you are a motivated and detail-oriented individual with a passion for actuarial reserving, we encourage you to apply for this exciting opportunity.