Director of Reserving
About The Position
Berkshire Hathaway Homestate Companies, Workers Compensation Division, has an immediate need for a Senior Actuary and Director of Pricing in the Bay Area! This individual will oversee the quarterly analysis of loss and loss adjustment expense reserves and provide data to the Finance Department for external financial reporting. This individual will also conduct research into key drivers affecting loss reserves, including emerging types of claims, claim frequency and severity trends, and loss development patterns and diagnostics. The position requires clear and engaging communication of information to Senior Leadership with effective data visuals on a frequent basis. Reports directly to Chief Actuary.
Requirements
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Risk Management, Data Science, or other quantitative field required.
- Fellow or Associate of the Casualty Actual Society
- Minimum of seven (7) years of relevant FCAS experience with insurance industry concepts and applications required.
- Possesses sound data analytical skills and familiarity with Microsoft Office applications (Excel, MS-Access, MS-SQL).
Nice To Haves
- Experience working with Willis Towers Watson ResQ preferred.
- Knowledge of workers compensation standards and best practices preferred.
Responsibilities
- Manages and directs the work of the reserving team (e.g., Actuaries, Analysts), including keeping everyone on task to complete recurring assignments within tight timeframes.
- Turns data into critical information and knowledge that can be utilized to determine organizational decisions. Presents findings to Senior Leadership.
- Selects actuarial assumptions and methods based on all available sources of data, reviews alternative assumptions, and is prepared to explain and defend assumptions upon review by peers, senior leaders, and non-actuaries.
- Develops and maintains analytical standards and procedures, including peer reviews, to ensure consistency of analysis, execution, knowledge sharing, and documentation.
- Monitors legislative and regulatory activity. Incorporates the effects of benefit and rate changes into actuarial analyses.
- Actively engages with and participates in industry professional organizations and rating committees, representing the company's strategic interests while presenting as an expert thought leader within the professional community.
- Prepares and presents ad-hoc research and reporting.
Benefits
- Bonus Eligibility
- Hybrid Work Schedule (up to 2 days work from home)
- Paid Time Off
- Paid Holidays
- Immediate Vesting of Retirement Savings + Company Match
- Group Health Insurance (Medical, Dental, and Vision)
- Life and AD&D Insurance
- Long Term Disability Insurance
- Hospital Indemnity Insurance
- Accident and Critical Illness Insurance
- Flexible Savings Accounts
- Paid Community Volunteer Day
- Employee Assistance Program
- Tuition Reimbursement Program
- Employee Referral Program
- Diversity, Equity and Inclusion Program
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What This Job Offers
Job Type
Full-time
Career Level
Director
