Actuarial Consultant

Job Title:  P&C Actuarial Consultant

Location: Remote 

Job Summary:

The P&C Actuarial Consultant plays a key role in the analysis, monitoring, and reporting of loss and LAE reserves for Personal Lines insurance products. This position reports the VP P&C Reserving and Reinsurance and supports quarterly and annual reserve reviews, provides actuarial insights to management, and partners closely with claims, finance, and underwriting teams. The role requires an understanding of P&C reserving methodologies, increasing actuarial judgment, and the ability to independently execute core reserving analyses.

Key Responsibilities:

Reserving Analysis

• Analyze loss development, claim trends, severity inflation, and mix of business impacts.
• Identify drivers of reserve changes and loss emergence and communicate findings for management review.
• Support quarterly and annual reserve studies using standard actuarial techniques (e.g., chain ladder, Bornhuetter-Ferguson, frequency/severity methods).
• Monitor actual vs. expected loss emergence and identify key drivers of deviations.
• Support the selection of actuarial assumptions with increasing judgment and documentation.
• Provide insight to business partners and executive leadership around trends as part of the annual planning process and quarterly assessments of the business.

Reinsurance Placement and Modeling Support

• Assist in the analysis, placement and ongoing management of reinsurance treaties and facultative arrangements
• Assist with reinsurance renewals, modeling support and exposure analysis
• Compile data for our reinsurance submission for reinsurance placement
• Work with our business partners and our brokers in analyzing and monitoring exposure concentrations and opportunities.
• Assist in the implementation of business solutions using modeling data
• Provide support of claims reporting to our reinsurers for placement
• Provide support for the proper accounting and financial reporting of reinsurance
• Provide support of modeling information for RBC, Capital management, Rating agency reporting, ORSA and others as needed.

 Financial & Regulatory Support

• Assist with reserve-related inputs for financial statements, statutory filings, and regulatory reporting.
• Support audit requests by preparing exhibits, reconciliations, and explanations.
• Ensure compliance with actuarial standards of practice (ASOPs).

 Collaboration & Communication

• Partner with claims, finance, underwriting, and data teams to understand emerging trends and operational impacts.
• Support responses to management and stakeholder questions regarding reserve changes.

 Process Improvement

• Assist in improving reserving tools, models, and automation processes.
• Contribute to documentation and best practices for reserving analyses.
• Support ad-hoc analytical projects as needed.

 Qualifications

Education & Experience

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Minimum of 4-7 years of actuarial experience in Property & Casualty insurance Reserving or personal lines pricing experience preferred.
• ACAS or near ACAS with commitment to achieving designation is required.
• Strong proficiency in Excel; experience with VBA, SQL, R, Python, or actuarial software (e.g., ResQ, Arius, or similar) is a plus.

Salary: $105,200.00 - $147,950.00