P/C Actuary

Risk & Regulatory Consulting LLC; United States; On-site; USD 80,000 - 120,000; Full time

Job summary

A consulting firm is seeking a P&C Actuary to work with industry professionals on regulatory consulting and insurance engagements. This position emphasizes client communication and requires a Bachelor's degree along with over 10 years of professional experience in the insurance sector. Candidates should have knowledge of actuary principles and strong analytical skills. The role is full-time and offers growth opportunities.

Qualifications

• Minimum of 10+ years professional experience in Property and Casualty insurance or consulting.
• Experience with complex modeling, regulatory consulting, and/or audit support.
• Demonstrated knowledge of reserving, pricing, and ratemaking.

Responsibilities

• Serve as actuarial subject matter expert on client engagements.
• Review rate filings to assess regulatory compliance.
• Cultivate client relationships to generate incremental business.

Skills

Problem solving skills

Analytical skills

Interpersonal skills

Presentation skills

Statistical sampling skills

Client service skills

Education

Bachelor's Degree in Mathematics, Actuarial Science, Economics, or Statistics

Tools

TeamMate

MS Excel

Access

Visual Basic

Job description

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 role, you will provide insights to insurance regulators and have a meaningful impact on the insurance marketplace. This position offers 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 significant reserving, pricing/underwriting, capital and reinsurance risks that could impact a property/casualty insurer’s financial strength as part of risk-focused financial examinations
• Review rate filings that rely on complex models to assess reasonableness of overall rate indication, modeling approach, and regulatory compliance
• Assist audit teams with assessing the reasonableness of financial statement accruals
• Assist 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

Business and Practice Development

• 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
• 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

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting/Auditing

Industries

• Insurance