Financial Risk Consultant

15 hours ago


Chicago, Illinois, United States RSM US LLP Full time
Job Overview
RSM US LLP is a leading provider of professional services to the middle market globally. We empower our clients and people to realize their full potential in a world of change. As a P&C Actuary, you will work with a team of industry professionals on regulatory consulting and other insurance-related engagements. This exciting role offers opportunities for advancement and personal growth, as well as a meaningful impact on the insurance marketplace.

Key Responsibilities
* Serve as part of the actuarial subject matter expert team on client engagements, including identifying and assessing significant reserving, pricing/underwriting, capital, and reinsurance risks that could impact property/casualty insurers' financial strength.
* Review rate filings that rely on complex models to assess reasonableness of overall rate indication, modeling approach, and compliance with regulatory requirements.
* Assist audit teams with assessing the reasonableness of financial statement accruals, document observations and conclusions, and ensure all work adheres to actuarial standards of practice.
* Coordinate internal resources, advise project teams on potential solutions and strategies to meet project goals and client needs, communicate effectively with clients and cross-functional project teams, and adhere to project budget and timelines.

Business Development Efforts
* Cultivate and nurture client relationships to create awareness of Firm capabilities and generate incremental business.
* Enhance tools and templates in place to ensure efficiency and excellence in our work.
* Contribute to the intellectual capital of the practice and the Firm.

Requirements
* Bachelor's Degree in Mathematics, Actuarial Science, Economics, or Statistics
* Minimum of 10+ years professional experience in a Property and Casualty insurance company, financial services, or consulting firm
* Knowledge of reserving, pricing, ratemaking, capital modeling, and/or enterprise risk management
* Experience working in public accounting or consulting firm with complex modeling, regulatory consulting, and/or audit support experience is preferred
* ACAS, FCAS, MAAA, designations preferred
* Experience with personal lines, commercial lines, and reinsurance preferred
* An understanding of insurance rates and regulatory requirements for supporting reserve levels
* Experience with machine learning and AI tools is a plus

Benefits
* Competitive benefits and compensation package for all our people.
* Flexibility in your schedule, empowering you to balance life's demands while maintaining your ability to serve clients.

Compensation Range
$129,300 - $259,600

This role requires a strong interpersonal, presentation, analytical, and statistical sampling skills, excellent organizational skills, and the ability to prioritize multiple tasks, projects, and assignments. The ideal candidate will have exceptional written and verbal communication skills, a dynamic/flexible demeanor, and exceptional client service skills.

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