Senior Reserving Actuary

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

Job summary

Canopius is seeking an experienced Reserving Actuary to lead quarterly technical reserve analyses for multiple lines of business in New York, ensuring data quality and applying standard actuarial techniques while highlighting uncertainties. The role requires strong data manipulation skills, and the ability to communicate complex results to both technical and non-technical audiences across the organisation.

You will support governance processes, mentor colleagues, and collaborate with Claims,

Qualifications

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

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

Actuarial experience

ACAS

FCAS near completion

Excel

Data modeling

Communication

SQL

Python

Tools

SQL

Python

Job description

Job Description

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 US

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.

About Canopius

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.