Reserving Actuary Job at Selby Jennings, Chicago, IL

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  • Selby Jennings
  • Chicago, IL

Job Description

Position Title: P&C Reserving Actuary
Location: Chicago, IL (Hybrid - 3 days in-office, 2 days remote)

Company Overview:
Join a forward-thinking insurance organization specializing in providing top-tier commercial lines products and services. They prioritize innovation, teamwork, and excellence in service delivery.

Position Summary:
The P&C Reserving Actuary will play a critical role in the actuarial team by supporting reserving analysis and reporting for our commercial lines portfolio. This role is suited for a detail-oriented professional with a strong foundation in reserving practices who can effectively communicate insights and collaborate across departments.

Key Responsibilities:

  • Lead and conduct reserving analyses for various commercial lines of business, providing critical insights to support financial stability.
  • Ensure accurate estimation of loss reserves, including incurred but not reported (IBNR) reserves.
  • Develop and implement reserving methodologies and enhancements to improve efficiency and accuracy.
  • Collaborate with finance, underwriting, and claims teams to communicate reserve needs, adjustments, and other actuarial findings.
  • Prepare actuarial reports and presentations for executive leadership, explaining reserve levels and underlying trends.
  • Stay updated with regulatory standards and ensure reserving practices remain compliant.
  • Mentor and guide junior team members in reserving principles and methodologies as needed.

Qualifications:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
  • Minimum of 5 years of experience in P&C insurance, 2 minimum reserving
  • Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS) preferred.
  • Strong analytical skills with proficiency in reserving software and Microsoft Excel.
  • Excellent communication skills, with the ability to explain complex actuarial concepts to non-technical audiences.
  • Proven ability to work independently and collaboratively in a hybrid work environment.

Work Environment:
This position operates on a hybrid model, with an expectation of 3 days in-office and 2 days remote each week.

Job Tags

Permanent employment, Remote job, 2 days per week,

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