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.

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