Insurance Reserving Expert
1 week ago
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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