Chief Actuary

Loss Reserving Unit

• Leading and overseeing the loss reserving function to ensure that carried loss and loss adjustment expense reserves, both on a direct and net-of-reinsurance basis, are determined using sound and conservative actuarial methodologies each quarter.
• Regularly analyzing and monitoring paid and reported claim data to adjust reserve positions as needed.
• Conducting frequent reviews of actual versus expected claim development to evaluate the effectiveness of reserving methodologies and assumptions, making adjustments to reserves and methods when necessary.
• Collaborating closely with Business Units and Claims professionals to understand factors that may have affected or are anticipated to affect actuarial patterns used to determine Incurred But Not Reported (IBNR) liabilities.
• Staying up-to-date with industry developments to gain insights into market and claims trends that should inform loss reserve decisions.
• Providing the Finance Unit with timely loss reserve data to meet statutory, GAAP reporting, and budgeting/forecasting requirements.
• Periodically presenting and discussing loss reserve trends, positions, and developments with the Executive Leadership Team, the Board, the Audit Committee, and the boards of the insurance companies.

• A Bachelor's Degree is required, ideally in Actuarial Science, Mathematics, Statistics, or a related discipline. A post-graduate degree is a plus.
• Preferred qualifications include Fellow of the Casualty Actuarial Society (FCAS) and Member of the American Academy of Actuaries (MAAA).
• A minimum of fifteen years of actuarial experience in loss reserving and pricing functions within the commercial property and casualty insurance sector or at an actuarial consulting firm, particularly in excess and surplus lines, is preferred.
• Proven experience in managing and developing high-performance teams across multiple locations.