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Casualty Reserving Actuary

2 months ago


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

This is an exciting opportunity to join the AXIS Capital team as a Casualty Reserving Actuary. As a key member of our actuarial reserving team, you will play a crucial role in performing and enhancing quarterly reserving analyses for both insurance and reinsurance business.

Key Responsibilities
  • Provide analyses for quarterly reserving for the Casualty segment and present results to management
  • Support the selections 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
  • Assist with the projections underlying the plan for the subsequent year
Finance/Corporate Support
  • 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
Important Working Relationships

This position's working relationships entail frequent interaction with all departments of the company (Finance, Underwriting, Insurance, Reinsurance, Claims, ILS, etc.). This person should enjoy working as part of a team and be able to work with a diverse group of personalities.

About You

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

Requirements
  • Significant experience in the Property & Casualty actuarial field, also possessing significant reserving experience
  • Bachelor's Degree in Math, Accounting, Economics, Statistics, Business, Risk Management, or a similar field which demonstrates an affinity and talent for quantitative analysis
  • ACAS or FCAS (or equivalent actuarial qualification), or significant progress towards qualification
  • Excellent PC skills and knowledge of Microsoft Excel
  • Familiarity with VBA, SQL, and ResQ are pluses but not required
  • In-depth knowledge of Property & Casualty insurance company reserving and operations
  • Excellent organizational skills and a strong attention to detail
Preferred Qualifications
  • Experience in Casualty reserving and/or pricing is preferable, but not essential