Business Title(s): Chief Reserving Actuary
Employment Type: Full-Time
FLSA Status: Exempt
Location: In-office
Summary: The Chief Reserving Actuary serves as the lead actuary for reserving at Clearbrook and will report to the Group Chief Actuary. The Chief Reserving Actuary holds comprehensive management and oversight of Clearbrook's actuarial reserving function, including ensuring the appropriateness and adequacy of reserves. The role will work closely with the Chief Actuary Officer & Chief Financial Officer supporting the evaluation of the Group's reserves.
In addition, the Chief Reserving Actuary (CRA) will ensure the appropriateness, effectiveness, and execution of controls surrounding the actuarial reserving function.
The ideal candidate will have strong leadership, hands-on, and strategic reserving expertise, and at least 10 ten years of experience in leadership and people management.
This is a
100% in-office position. Candidates must be able to work on-site at a designated company office during standard business hours.
Essential Responsibilities:- Lead the analysis of corporate loss and loss expense reserves on a quarterly basis. The resulting analysis and direction are presented quarterly.
- Communicate reserve analysis and direction to the Board of Directors.
- Communicate reserve analysis and direction to external parties such as state examiners and IRS.
- Prepare Schedule P of the Annual Statement and various corporate statements of Opinion.
- Work directly with Claims leadership to assess claims handling processes and impact on reserves.
- Interact with the Company's auditors, regulators, and rating agencies to communicate all reserving updates.
- Set appropriate reporting metrics to manage/understand the business.
- Collect, prepare, and present all relevant data regarding production and performance. Analyze information and identify relevant trends.
- Provides executive leadership the actuarial analysis (reserve analysis) of potential growth opportunities, including new niches and lines of business, programs, affiliations, strategic partnerships, and mergers and acquisitions.
Additional Responsibilities:- Perform other duties as assigned.
Qualifications / Experience Required:- 15 years of experience in a P&C insurance environment with a strong emphasis on reserving and reinsurance.
- 10 or more years of prior management/supervision experience.
- Actuarial Fellow Designation (FCAS) and Member of the American Academy of Actuaries (MAAA) required.
- Bachelor's degree or equivalent experience in Mathematics, Business, and/or related field.
- Demonstrated leadership abilities.
- Demonstrated communication skills, verbal and written, with a variety of audiences at all levels, both internal and external.
- In-depth understanding of property-casualty insurance.
- Ability to gain a thorough knowledge of the company (internal and external) and its products.
- Ability to look at the entire company scope and develop key strategic ideas in action plans.
- Strong relationship and team-building capabilities, project management skills, and ability to successfully lead a diverse team.
- Proficient skills in using MS Office along with general knowledge of digital applications.
The base salary range provided below is for hires in those geographic areas only and will be commensurate with candidate experience. Pay ranges for candidates in other locations may differ based on the cost of labor in that location. In addition to base salary, this position is eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
- Chicago Pay Range: $200,000 - $300,000
- New York City Pay Range: $200,000 - $350,000
Benefits and CompensationWe offer a competitive compensation package, performance-based incentives, and a comprehensive benefits program-including health, dental, vision, 401(k) with company match, paid time off, and professional development opportunities.
