- Salary
- $75k – $83k
- Location
- IL Chicago, United States of America
- Type
- Full-time
- Department
- Insurance
- Education
- Bachelor
- Visa
- Not sponsored
- Source
- Workday
Description
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The Core Specialty Actuarial Reserving Team is looking for an Actuarial Analyst. This dynamic role will primarily be responsible for supporting Financial Services, Property, and Equine lines of business. The role will primarily focus on evaluating reserve adequacy for the existing portfolio, developing and maintaining appropriate diagnostic tools, and providing actuarial subject matter expertise as needed to senior leadership and other business partners.
Key Accountabilities/Deliverables:
Perform under supervision Quarterly Reserve Reviews (and ad-hoc analysis as needed) for assigned product groups to ensure that adequate reserves are recorded and correctly reported at each quarter-end.
Help ensure all regulatory requirements related to loss reserves are met in a timely fashion.
Collaborate with Pricing, Claims, and Underwriting on quarterly deep dive reviews on select reserve segments.
Aid in the development and delivery of analysis findings to senior leadership and business partners such that key drivers of results are understood, and appropriate business decisions are made based on those findings.
Help ensure that the company’s reserving SOX controls are appropriately applied and documented in a timely manner to ensure quality and accuracy in reserving analyses.
Help develop, monitor, and report out on monthly metrics to identify any trends in claim emergence. Wherever possible, utilize data visualization techniques to help communicate trends and insights more effectively.
Provide actuarial subject matter expertise and guidance to support the successful implementation of new financial accounting system.
Annually, assist in peer review of key assumptions as well as the loss ratio analysis developed by Pricing for the upcoming Plan.
In addition to the above key responsibilities, you may be required to undertake other related duties from time to time as the Company may reasonably require.
Technical Knowledge and Understanding:
Ownership of tasks
Works within deadlines with guidance
Able to manage time and prioritize with guidance
Adapts future behaviors based on prior mistakes
Establishes effective relationships with business partners
Accepts and reacts positively to feedback.
Seeks out assistance as needed.
Experience:
A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
The ability to learn, understand, and apply technical concepts
Demonstrate sufficient progress in understanding and applying basic actuarial principles is required
Studying for CAS preliminary exams; may have 1-2 passed
The expected annual salary range for the role is $75,000- $82,500. The specific offer will depend on an applicant’s skills and experiences. The disclosed pay range estimate may also be adjusted for the applicable geographic differential for the location in which the position is filled.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.
#LI-Hybrid
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
