Actuarial Consultant: Reserving & Reporting (Remote)

Westfield; Westfield Center (OH); Hybrid; USD 120,000 - 180,000; Full time

Job summary

Westfield Center, OH invites an experienced Actuarial Consultant to lead loss reserving and reporting initiatives. You will leverage advanced actuarial methods to estimate reserves, review quarterly results, and mentor junior staff while collaborating with Claims, Financial Reporting, Investments, and IT teams to implement rating changes.

The role requires strong technical skills, 7+ years in actuarial fields, and ACAS qualifications.

Qualifications

• 7+ years of experience in Actuarial or a related field.
• Bachelor's degree in Actuarial Sciences, Mathematics, Statistics, Finance, Economics or related field and/or commensurate work experience.

Responsibilities

• Leads the preparation and analysis of loss and loss adjustment expense reserves across assigned lines of business, applying actuarial methods to estimate ultimate losses and reserve adequacy.
• Performs quarterly and annual reserve reviews, documents key assumptions and judgments, and communicates reserve indications and drivers of change to management and Financial Reporting.
• Identifies opportunities to streamline and automate the reserving process, improving turnaround time, consistency, and data quality across reserving cycles.
• Develops and maintains reserving tools, models, and templates, partnering with IT and Data teams to enhance efficiency and reduce manual effort in reserve calculations and reporting.
• Conducts competitor and industry benchmarking studies, comparing reserve levels and reserving assumptions against peer data to identify trends and potential exposure.
• Monitors external actuarial research, regulatory developments, and industry reserve adequacy studies, incorporating findings into internal practices.
• Analyzes emerging loss trends, claim frequency/severity shifts, and portfolio changes, assessing impact on reserve estimates.
• Provides technical guidance and support to other members, mentors Actuarial Analysts and Consultants.
• May supervise 1-2 employees, manage priorities and workload, and support performance and development.

Skills

Statistical Modeling Software

Data Analysis and Reporting

Competitor Benchmarking

Corporate Reserving

Reserving Process Optimization

Business Process Improvement

Financial Acumen

Insurance Industry Knowledge

Education

Bachelor's degree in Actuarial Sciences/Mathematics/Statistics/Finance/Economics

Job description

Westfield Center, OH invites an experienced Actuarial Consultant to lead loss reserving and reporting initiatives. You will leverage advanced actuarial methods to estimate reserves, review quarterly results, and mentor junior staff while collaborating with Claims, Financial Reporting, Investments, and IT teams to implement rating changes.

The role requires strong technical skills, 7+ years in actuarial fields, and ACAS qualifications.