Senior Reserving Actuary

Canopius; New York (NY); Hybrid; USD 150,000 - 200,000; Full time

Benefits offered by this job

Hybrid working

Discretionary bonus

Comprehensive benefits

Non-contributory 401k

Job summary

Canopius is seeking an experienced actuarial professional to join our reserving team in the United States. You will carry out quarterly technical reserves analysis for multiple lines and ensure data quality, accuracy of calculations, and clear communication of uncertainties.

You will work with Claims, Underwriting, Risk, Finance and Actuarial teams to implement process improvements, develop tools, and present findings to governance forums. ACAS is required; FCAS preferred.

Qualifications

• 5–8+ years actuarial experience in P&C reserving.
• Proficient in reserving bases (Ultimate, GAAP, SII, IFRS, US Situs).
• Strong data analysis and data quality controls.
• Excellent communication to non-technical stakeholders.

Responsibilities

• Carries out the analysis of the technical reserves on a quarterly basis for multiple lines of business using standard actuarial techniques.
• Performs data reconciliation between various systems and reports to ensure reliability of data used for reserving.
• Communicates results and uncertainties to technical and non-technical audiences for quarterly and ad-hoc analyses.
• Prepares supporting documents for governance including Reserving Forum inputs.
• Supports Finance with reserve-related analyses and reporting.
• Mentors actuarial colleagues and collaborates across departments.

Skills

P&C reserving

ACAS

FCAS preferred

Data analysis

SQL

Python

Excel

Communication

Cross-functional collaboration

Mentoring

Education

ACAS qualification

FCAS near completion

Tools

SQL

Python

Excel

Job description

The Role

Carries out the reserving process, and ensures quality of data inputs, calculations and outputs from the process, whilst highlighting associated limitations and uncertainties.

Responsibilities

• Carries out the analysis of the technical reserves on a quarterly basis for multiple lines of business using standard actuarial techniques.


• Performs analysis on large data sets using appropriate tools and techniques.


• Performs data reconciliation between various systems and reports to ensure the reliability and completeness of the data used for reserving analysis and highlights data limitations for consideration within analysis and feeding back to operational teams for remediation.


• Communicates results, movements and key uncertainties from reserving analysis to technical and non-technical audiences for quarterly and ad-hoc analyses.


• Prepares supporting documents required through the quarterly and annual governance structure including divisional reserving meetings and input to the Reserving Forum.


• Supports the Finance department with preparation of analysis and reporting on reserve related items.


• Has a working knowledge of all reserving bases (Ultimate, GAAP, SII, IFRS, US Situs), including purpose and differences.


• Implements statistical analyses and investigations as requested by actuarial management team.


• Assists with implementing process improvement and development of effective tools for reserving analysis.


• Encourages and develops feedback loops with other Actuarial sub-teams and other departments for inputs/outputs to the reserving processes.


• Empowers partnerships with Claims, Underwriting, Risk, Finance, Management and Actuarial teams to understand the impact of initiatives and book of business changes and incorporates them into ongoing reserve analyses.


• Takes responsibility for engaging other areas of the business with inputs and outputs from the reserving (ie feedback loops), for example underwriters, claims and finance and business planning teams.


• Recognizes, implements and reviews process improvement and development of effective tools for reserving analysis.


• Mentors and provide guidance and training to actuarial colleagues and the wider business.

Skills and Qualifications

• 5-8+ years of actuarial experience in P&C insurance, with a strong focus on reserving


• ACAS required, with FCAS preferred or near completion


• Experience across commercial or specialty lines of business


• Strong technical reserving capabilities, including application of multiple methodologies and informed judgment in selecting assumptions


• Ability to communicate complex results and uncertainty clearly to non-actuarial stakeholders


• Experience working with large datasets, with strong Excel and data modeling skills; proficiency in SQL, Python, or similar tools, with the ability to leverage modern analytical approaches to enhance insight and efficiency


• Demonstrated ability to identify trends, evaluate underlying drivers, and challenge assumptions with a balanced and practical perspective


• Strong collaboration and communication skills, with the ability to work effectively across actuarial, underwriting, claims, and finance

Salary Range: $150,000 - $200,000

Our benefits

• We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory 401k, discretionary bonus, insurances including medical, dental and vision cover, and many other benefits to enhance financial, physical, social and psychological health.

About Canopius

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.

At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.

Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone\'s unique contributions are recognised, valued and respected.

We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.

We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.