Associate Actuary - Reserving

Fortegra•Woodbridge Township, NJ

8d•$120,000 - $160,000•Onsite

About The Position

Fortegra is seeking a collaborative and analytical actuarial professional with loss reserving experience. This role offers an exciting opportunity to apply your reserving expertise across multiple lines of business while broadening your skill set through diverse projects. Lines of business analyzed may include Property (personal and commercial), General Liability, Professional Liability, and Warranty. Your primary focus will be reserving and actuarial reporting, with opportunities to contribute to pricing, data analytics, regulatory reporting, reinsurance, and other actuarial initiatives. This position is ideal for an actuary eager to make an impact and expand their professional horizons. This position is supported by Fortegra’s Actuarial Study Program.

Requirements

4-8 years of actuarial experience in Property & Casualty insurance products.
Actively pursuing Associate or Fellow of the Casualty Actuarial Society.
Proficiency in MS Excel.
A proactive, creative approach to problem-solving.
Exceptional interpersonal skills, with the ability to communicate complex results to diverse audiences.

Nice To Haves

Familiarity with IFRS 17 is preferred.
Knowledge of SQL or other programming languages is preferred.

Responsibilities

Perform quarterly loss reserve analyses for various lines of business.
Monitor reserve adequacy by line of business and program and recommend reserve strengthening or weakening as appropriate.
Perform semiannual long-duration unearned premium reserve analyses.
Enhance quarterly data collection and reporting processes used by Actuarial to communicate findings to Underwriting, Claims, Finance, and Management.
Perform deep-dive analyses into large programs, providing actionable insights to Underwriting and Management.
Support the pricing team with due diligence reviews of prospective programs and other ad hoc pricing analyses.
Assist with regulatory reporting requirements, including: US Annual Statement reporting and Schedule P preparation, IFRS 17 reporting.
Estimate collateral requirements for unauthorized reinsurers.