P&C Actuary

Role Description

As a P&C Actuary you will work with a team of industry professionals on regulatory consulting and other insurance related engagements. This position has opportunity for advancement as well as personal and professional growth.

Specific Duties and Responsibilities

• Serve as part of the actuarial team on client engagements including:
• Identify and assess significant reserving, pricing/underwriting, and reinsurance risks that could impact property/casualty insurer’s financial strength as part of risk-focused financial examinations.
• Review rate filings that rely on complex models to assess reasonableness of modeling approach and compliance with regulatory requirements.
• Assist audit teams with assessing the reasonableness of financial statement accruals.
• Prepare original actuarial analysis.
• Review and assess the analysis of other actuaries.
• Coordinate internal resources.
• Advise project team on potential solutions and strategies to meet project goals and client needs.
• Document observations and conclusions.
• Communicate effectively with clients and cross-functional project teams.
• Adhere to project budget and timelines.

Qualifications

• Bachelor's Degree in Mathematics, Actuarial Science, Economics, or Statistics.
• Minimum of 5+ years professional experience in a Property and Casualty insurance company, financial services or consulting firm.
• Knowledge of reserving, pricing, ratemaking, and/or risk management.
• Experience working in public accounting, Big 4 or consulting firm with regulatory consulting and/or audit support experience is preferred.
• ACAS, FCAS, MAAA, designations preferred.
• Experience with personal lines, commercial lines, and reinsurance preferred.
• An understanding of insurance rates and regulatory requirements for supporting reserve levels.
• Experience in predictive modeling using Python or R is a plus.
• Demonstrated problem solving skills.
• PC skills, including experience in using software for producing presentations, spreadsheets, and project planning (skills in TeamMate, Access, Visual Basic, MS Excel and other applications).
• Ability to interact with all levels including executives and senior managers.
• Strong interpersonal, presentation, analytical and statistical sampling skills.
• Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments.
• Exceptional written and verbal communication skills.
• Dynamic/flexible demeanor with exceptional client service skills.
• Forward-thinking leader with a collaborative focus who can consult effectively with key constituents and become recognized as a valued resource.
• Must be self-motivated and possess a sense of urgency.
• Skilled in team building and team development.
• Ability to travel on occasion.
• Ability to demonstrate ethical and professional standards as outlined by the Firm.

Benefits

• Competitive benefits and compensation package.
• Flexibility in your schedule, empowering you to balance life’s demands while serving clients.

Company Description

Risk & Regulatory Consulting, LLC (RRC), an affiliate of RSM, is a national, leading professional services firm dedicated to providing exceptional regulatory services to clients. RRC offers services in the following regulatory areas:

• Financial examinations
• Market conduct examinations
• Insolvency and receiverships
• Actuarial services and valuations
• Investment analysis
• Reinsurance expertise
• Market analysis and compliance
• Special projects