Reserving Actuary Work from Home(USA)

Enstar Group; London (KY); Remote; USD 163,000 - 200,000; Full time

Job summary

Join a leading global insurance group as an Actuarial Specialist, where you will manage reserve reviews and mentor junior staff. This role involves analyzing APH portfolios, overseeing actuarial processes, and presenting findings to key stakeholders. The company values innovation and offers a dynamic work environment where you can make a significant impact. With a competitive salary range and a commitment to diversity and inclusion, this is an exciting opportunity for experienced actuaries looking to advance their careers in a supportive and entrepreneurial culture.

Qualifications

• 5-10 years of actuarial experience with a focus on reserving and APH portfolios.
• Strong analytical skills and ability to communicate complex concepts.

Responsibilities

• Manage reserve reviews and present findings to stakeholders.
• Provide guidance to junior team members and oversee new processes.

Skills

Actuarial Science

Mathematics

Statistics

Analytical Skills

Communication Skills

Mentoring

Problem Solving

Education

Bachelor Degree in Actuarial Science, Mathematics, Statistics

Career ACAS or FCAS

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

ResQ

SQL

R

Python

Power BI

Job description

Requires specialized depth and/or breadth of expertise in all aspects of the reserving process for various of Enstar’s Asbestos, Pollution, and Health Hazard (“APH”) portfolios including Manufacturing Entities.

What you will be doing:

• Manage quarterly & ad-hoc reserve reviews including detailed reviews across APH portfolios
• Peer review of work performed by other team members
• Presentation of results to key stakeholders
• Influence and provide guidance to junior team members across their employee lifecycle including hiring, engagement, development and performance
• Act as a key resource for the M&A team on potential new acquisitions, especially with APH exposures.
• Set up new reserve review processes for new acquisitions
• Oversee development and maintenance of detailed APH databases
• Oversee the preparation and provision of data for external actuarial analyses and review and support the work of external actuarial consultants as necessary
• Provide oversight of detailed actual versus expected emergence analyses
• Provide oversight of operation of internal controls and communication with internal and external auditors.
• Prepare actuarial support for financial statements filings and assist in the financial close process.
• Prepare standard/special reports for management.
• In addition to the above key responsibilities, may be required to undertake other duties from time to time as the Company may reasonably require.

The candidate is expected to:

• Perform the range of assignments indicated above with minimal level of guidance.
• Facilitates and leads changes to core processes and methods to overcome identified bottlenecks, challenges and issues, consistent with regulations and rules.
• Act as a resource for colleagues with less APH knowledge
• Take a new perspective on existing solutions demonstrating a continuous improvement mindset
• Impact achievement of a range of operational, project or service activities within own team and other related teams; work within broad guidelines and policies
• Explain difficult or sensitive information; work to build consensus

What you will bring:

• Bachelor Degree in Actuarial Science, Mathematics, Statistics, or similar
• Career ACAS or FCAS
• 5-10 years of actuarial experience preferably in reserving and/or APH portfolios
• Familiarity with non-traditional reserving concepts for APH portfolios and run-off reserves
• Strong computer skills with emphasis on Microsoft Excel, Word, PowerPoint, ResQ and other applicable tools and ability to apply to actuarial related problems
• Knowledge of SQL, R, Python, Power BI preferred
• Must be proficient in preparing written, technical reports for various purposes
• Understanding of regulatory reserving requirements
• Comprehensive understanding of insurance and finance
• Understand key business drivers and use this understanding to accomplish own work
• Knowledge of best practices and how own area integrates with others; be aware of the competition and the factors that differentiate
• Uses sophisticated analytical thought to exercise judgment and identify innovative solutions.
• Communicate difficult concepts and negotiates with others to adopt a different point of view
• Fosters innovation and creativity. Facilitates change management initiatives and monitors their implementation
• Impacts the achievement of operations, project or service objectives; work is guided by functional policies
• May lead teams or projects and service with moderate resource requirement, risk, and/or complexity resource
• Has specialized depth and/or breadth of expertise within the reserving function
• Interprets internal and/or external issues and recommends solutions/best practices to improve work products, modelling, processes or services
• Guides/works with others in resolving complex issues in reserving process for APH and Manufacturing entities based on existing solutions and procedures
• Ability to train/mentor junior staff
• Interprets internal/external business challenges and recommends best practices to improve work products, modelling, processes or services.
• Serve as an expert within APH Reserving team
• Solves complex problems with implications on cross-functional business processes and outcomes
• Effective written and verbal communication skills with a multitude of stakeholders across Finance, Claims, Operations, Risk to resolve issues. Ability to produce solid draft actuarial reports and results slides.
• Must be able to properly handle multiple priorities in a fast-paced business environment

General Info

The target base salary pay range for this role is $163,000-$200,000

*Target full-time equivalent base salary range is based on relevant market data. The actual salary offered will depend on applicable market data for hiring location and relevant candidate knowledge, skills/experience. This salary range is not inclusive of applicable discretionary incentives.

Who we are:

Enstar Group Limited (“Enstar” or “EGL”) is a leading global insurance group. Through our network of group companies, we help others – principally other insurance companies – release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these “run-off” insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio.

At year-end 2023 we had completed 117 transactions since the 2000. Today, Enstar is the industry’s largest standalone run-off consolidator. With around 800 global employees, our network of group companies has a significant physical presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia.

Enstar maintains a strong balance sheet. We hold long-term issuer ratings of BBB+ with stable outlook by S&P and Fitch. Enstar’s capital base continues to grow, reaching $7.4 billion at the end of 2023, including $5.6 billion of shareholders’ equity and total debt of $1.8 billion. A market leader in the run-off space, Enstar leverages its expertise in claims management, risk analysis, and investments to generate value. These services make Enstar different, something unique.

A characteristic that is core to our culture: we encourage an entrepreneurial spirit, our colleagues have autonomy to shape strategy, innovate new revenue streams and we reward those who are commercially focused.

Equal Opportunities at Enstar:

Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We’re an equal opportunity employer and believe that our diversity creates an authentic working culture. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation. Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.