P/C Actuary

Acturhire; Northern (KY); Hybrid; USD 120,000 - 190,000; Full time

Job summary

Risk & Regulatory Consulting, LLC is seeking an experienced Property & Casualty actuary to join our regulatory consulting team. You will work with industry professionals on insurance engagements and provide insights to regulators from a remote, work-from-home US environment.

Key duties include reserving, pricing, ratemaking, capital modeling and ERM, with exposure to AI/machine learning tools, client communications, and project leadership.

Qualifications

• Bachelor's degree in mathematics, actuarial science, economics or statistics.
• Minimum 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.

Responsibilities

• Serve as actuarial SME on client engagements which include:
• Identifying and assessing significant reserving, pricing/underwriting, capital and reinsurance risks that could impact the insurer’s financial strength.
• Reviewing rate filings that rely on complex models to assess reasonableness of overall rate indication, modeling approach, and regulatory compliance.
• Assisting audit teams with assessing the reasonableness of financial statement accruals.
• Coordinating internal resources and advising project teams on solutions and strategies.
• Document observations and conclusions and ensure work adheres to actuarial standards.
• Communicating effectively with clients and cross-functional project teams.
• Adhering to project budgets and timelines.

Skills

Reserving

Pricing

Ratemaking

Capital modeling

Enterprise risk management

Machine learning

AI tools

Client communication

Project leadership

Statistical analysis

Education

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

ACAS

FCAS

MAAA

Tools

TeamMate

Access

Visual Basic

MS Excel

Job description

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

Serve as part of the actuarial subject matter expert team on client engagements which include:

• 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; and
• Adhere to project budget and timelines.

We also expect the following business and practice development efforts:

• 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 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
• 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