PC Reserving Actuary

CCSI CC Services, Inc.; United States; Hybrid; USD 92,000 - 126,000; Full time

Job summary

COUNTRY Financial is seeking an Actuarial Reserving Analyst to support monthly storm reserve analysis, quarterly reserve analyses across all lines, loss development studies and advanced research. You will collaborate with Claims and Finance and contribute to refinements of methodologies and assumptions.

The role offers dedicated study time as part of the actuarial exam program, and requires a Bachelor’s degree in Actuarial Science or related field with 3+ years of P&C actuarial experience and

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.
• 3+ years of P&C actuarial experience.
• Successful progress toward ACAS (3-6 exams preferred).

Responsibilities

• Develops and maintains spreadsheet, database and reserving software files for reserve analyses.
• Inputs reserves to the general ledger.
• Verifies and monitors account balances.
• Uses data query programs to obtain data from company data sources.
• Reviews data for accuracy and reasonableness.
• Conducts loss and loss adjustment reserve analyses, according to financial reporting requirements.
• Communicates results to direct management and/or company management, verbally, in writing, or in presentation form.

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field

Job description

Experience more with a career at COUNTRY Financial! We’re excited you’re interested in a career at COUNTRY as we strive toward our vision - to enrich lives in the communities we serve. Our footprint spans coast to coast. But more important than where we operate, is the people who do the work.

About the role

The Actuarial Reserving Analyst supports monthly storm reserve analysis, quarterly reserve analyses across all lines, loss development studies, and advanced research across multiple P&C lines. This role performs deep-dive actuarial analyses, interprets emerging loss trends, partners closely with Claims and Finance, and contributes to the refinement of methodologies and assumptions. The position is part of the actuarial exam program and includes dedicated study time.

How does this role make an impact?

• Develops and maintains spreadsheet, database and reserving software files for reserve analyses.
• Inputs reserves to the general ledger.
• Verifies and monitors account balances.
• Uses data query programs to obtain data from company data sources.
• Reviews data for accuracy and reasonableness.
• Conducts loss and loss adjustment reserve analyses, according to financial reporting requirements.
• Communicates results to direct management and/or company management, verbally, in writing, or in presentation form.

Do you have what we're looking for?

Candidate must hold a Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or related field. Must have 3+ years of P&C actuarial experience. Successful progress toward ACAS (3-6 exams preferred).

Base Pay Range

Base Pay Range: $91,600-$125,950. The base pay range represents the typical range of potential salary offers for candidates hired. Factors used to determine your actual salary include your specific skills, qualifications and experience. Incentive Pay: In addition to base salary, this position is eligible for a Short-Term Incentive plan.

Why work with us?

Our employees and representatives serve nearly one million households with our diverse range of personal and business insurance products as well as retirement and investment services. We build relationships and work together to create a stronger, more secure future for our clients and our communities. We’re a big company, yet small enough you can make an impact and won’t get lost in the shuffle. You’ll have the opportunity to learn and grow throughout your career, either within this role or by exploring other areas of our business.

• Insurance benefits (medical, dental, vision, disability and life)
• 401(k) with company match
• Paid time off, parental leave, paid company holidays and paid time off to volunteer in your community
• Tuition assistance and industry education certificates and designations
• Employee resource groups to connect with your peers.

Location and Work Arrangement

COUNTRY is headquartered in Bloomington, IL and offers hybrid, onsite and remote opportunities. If you're based at our Bloomington, IL corporate office, you'll enjoy a hybrid work schedule - three days in the office and two days working remotely. For roles posted as remote, candidates who live more than 50 miles from Bloomington, IL may qualify for a fully remote arrangement.

COUNTRY Financial is committed to providing equal opportunity in all areas of employment, and in providing employees with a work environment free of discrimination and harassment. Employment decisions are made without regard to race, color, religion, age, gender, sexual orientation, veteran status, national origin, disability, or any other status protected by applicable laws or regulations.