Insurance Reserving Expert

1 week ago


Chicago, Illinois, United States Selby Jennings Full time

Position Title: P&C Reserving Actuary
Location: Chicago, IL

About the Role:

The P&C Reserving Actuary plays a crucial role in supporting reserving analysis and reporting for our commercial lines portfolio. This detail-oriented professional will lead and conduct reserving analyses, providing critical insights to ensure financial stability.

Key Responsibilities:

  • Lead reserving analyses for various commercial lines of business, ensuring accurate estimation of loss reserves.
  • Develop and implement reserving methodologies and enhancements to improve efficiency and accuracy.
  • Collaborate with finance, underwriting, and claims teams to communicate reserve needs and adjustments.
  • Prepare actuarial reports and presentations for executive leadership, explaining reserve levels and underlying trends.
  • Maintain regulatory compliance and mentor junior team members in reserving principles and methodologies.

Requirements:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
  • Minimum 5 years of experience in P&C insurance, with 2+ years in reserving.
  • Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS) preferred.
  • Strong analytical skills and proficiency in reserving software and Microsoft Excel.
  • Excellent communication skills, with the ability to explain complex concepts to non-technical audiences.

About Us:

Selby Jennings is a forward-thinking insurance organization specializing in commercial lines products and services. We prioritize innovation, teamwork, and excellence in service delivery.

Salary Estimate: $120,000 - $180,000 per year, depending on experience and qualifications.



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