P&C Actuary

Risk & Regulatory Consulting LLC; Kentucky; Hybrid; USD 95,000 - 192,000; Full time

Job summary

Risk & Regulatory Consulting, LLC is a leading actuarial and regulatory consulting firm focused on property and casualty insurance across the United States. The role offers impactful engagement with regulators and insurers, with potential for career advancement and professional growth.

You will work on reserving, pricing, ratemaking, and capital modeling projects, applying analytics and regulatory insights to support client needs. A flexible remote work arrangement is available across the US.

Qualifications

• Bachelor's degree in Mathematics, Actuarial Science, Economics, or Statistics.
• 5+ years of professional experience in Property & Casualty insurance, financial services, or consulting.
• Knowledge of reserving, pricing, ratemaking, capital modeling, and/or enterprise risk management.
• Experience with complex modeling, regulatory consulting and/or audit support is preferred.

Responsibilities

• Identify significant reserving, pricing/underwriting, capital and reinsurance risks for financial examinations.
• Review rate filings for reasonableness of rate indications and regulatory compliance.
• Assist audit teams with assessing financial statement accruals.
• Coordinate internal resources and advise on solutions and strategies to meet client needs.
• Document observations and conclusions and ensure adherence to actuarial standards of practice.
• Communicate effectively with clients and cross-functional teams.
• Cultivate client relationships to generate incremental business.

Skills

ACAS

FCAS

MAAA

Regulatory consulting

Education

Bachelor's degree in Mathematics/Actuarial Science/Economics/Statistics

Tools

TeamMate

MS Excel

Access

Visual Basic

Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally. There’s no one like you and that’s why there’s nowhere like RSM. Actuary - Property & Casualty Risk & Regulatory Consulting, LLC Work from home-any US location

Position Overview

As a P&C Actuary you will work with a team of industry professionals on regulatory consulting and other insurance related engagements. In this exciting role, you will provide insights to insurance regulators and have a meaningful impact on the insurance marketplace. This position has opportunity for advancement as well as personal and professional growth.

Specific Duties and Responsibilities

• Identifying and assessing significant reserving, pricing/underwriting, capital and reinsurance risks that could impact property/casualty insurer’s financial strength as part of risk-focused financial examinations;
• Reviewing rate filings that rely on complex models to assess reasonableness of overall rate indication, modeling approach, and compliance with regulatory requirements;
• Assisting audit teams with assessing the reasonableness of financial statement accruals;
• Assisting on special projects such as industry research and market conduct examinations;
• Coordinate internal resources, advise project team on potential solutions and strategies to meet project goals and client needs;
• Document observations and conclusions and ensure all work adheres to actuarial standards of practice;
• Communicate effectively with clients and cross-functional project teams;
• Adhere to project budget and timelines.
• Cultivate and nurture client relationships to create awareness of Firm capabilities to help 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 5+ 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
• Demonstrated problem solving skills
• PC skills, including experience in using software for producing presentations, spreadsheets, and project planning (skills in TeamMate, Access, Visual Basic, MS Excel and other applications)
• Ability to interact with all levels including executives and senior managers
• Strong interpersonal, presentation, analytical and statistical sampling skills
• Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments
• Exceptional written and verbal communication skills
• Dynamic/flexible demeanor with exceptional client service skills
• Self-motivated with a sense of ownership and pride in their work
• Ability to travel on occasion
• Knowledgeable about Actuarial Standards of Practice and Actuarial Code of Conduct
• Ability to demonstrate ethical and professional standards as outlined by the Firm

Risk & Regulatory Consulting, LLC (RRC) was formerly a business segment of RSM US LLP (formerly McGladrey) until 2012 when the separate legal entity was formed. RRC is a strategic business partner with RSM providing actuarial and insurance industry consulting services to RSM clients. Risk & Regulatory Consulting, LLC (RRC) is a national, leading professional services firm dedicated to providing exceptional regulatory services to clients. With over 120 experienced insurance professionals located in 22 states, we believe RRC is uniquely positioned to serve state insurance departments. We offer services in the following regulatory areas: financial examinations, market conduct examinations, insolvency and receiverships, actuarial services and valuations, investment analysis, reinsurance expertise, market analysis and compliance, and special projects. We are a results oriented firm committed to success that builds long term relationships with our clients. RRC is managed by seven partners and our practice includes full time professionals dedicated to our regulatory clients. We are focused on listening to your needs and designing customized examination, consulting, and training solutions that address your needs. We bring multiple service lines together to provide superior and seamless service to our clients. We are committed to training our customers and our team. We have developed various comprehensive in house training programs that have been tailored to meet the needs of our regulatory clients. We offer competitive pricing, outstanding experience, credentials and references. RRC is an active participant in the NAIC, SOFE, and IRES.

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients. Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership. RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at [e-mail]. RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate. RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee’s pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $95,400 - $192,000

Individuals selected for this role will be eligible for a discretionary bonus based on firm and individual performance.

Why work at RSM?

At RSM, we accomplish meaningful work and make an impact on the world around us. We work hard to fully understand our clients and work even harder to understand and identify your unique skills. We celebrate the differences among us and empower our talented professionals to grow forward, both personally and professionally. Our clients benefit from fresh insights and energy as we collaborate to support them, and our teams enjoy a work environment that inspires and empowers them to thrive.