P&C Actuary

RSM US LLP•USA-OH-Virtual, OH

2d•$112,100 - $225,500•Remote

About The Position

As a P&C Actuary, you will work with a team of industry professionals on regulatory consulting and other insurance-related engagements. In this exciting role, you will provide insights to insurance regulators and have a meaningful impact on the insurance marketplace. This position has opportunity for advancement as well as personal and professional growth.

Requirements

Bachelor's Degree in Mathematics, Actuarial Science, Economics, or Statistics
Minimum of 5+ years professional experience in a Property and Casualty insurance company, financial services or consulting firm
Knowledge of reserving, pricing, ratemaking, capital modeling, and/or enterprise risk management
Demonstrated problem solving skills
PC skills, including experience in using software for producing presentations, spreadsheets, and project planning (skills in TeamMate, Access, Visual Basic, MS Excel and other applications)
Ability to interact with all levels including executives and senior managers
Strong interpersonal, presentation, analytical and statistical sampling skills
Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments
Exceptional written and verbal communication skills
Dynamic/flexible demeanor with exceptional client service skills
Self-motivated with a sense of ownership and pride in their work
Ability to travel on occasion
Knowledgeable about Actuarial Standards of Practice and Actuarial Code of Conduct
Ability to demonstrate ethical and professional standards as outlined by the Firm

Nice To Haves

Experience working in public accounting or consulting firm with complex modeling, regulatory consulting and/or audit support experience is preferred
ACAS, FCAS, MAAA, designations preferred
Experience with personal lines, commercial lines, and reinsurance preferred
An understanding of insurance rates and regulatory requirements for supporting reserve levels
Experience with machine learning and AI tools is a plus

Responsibilities

Serve as part of the actuarial subject matter expert team on client engagements which include: Identifying and assessing significant reserving, pricing/underwriting, capital and reinsurance risks that could impact property/casualty insurer’s financial strength as part of risk-focused financial examinations; Reviewing rate filings that rely on complex models to assess reasonableness of overall rate indication, modeling approach, and compliance with regulatory requirements; Assisting audit teams with assessing the reasonableness of financial statement accruals; Assisting on special projects such as industry research and market conduct examinations; Coordinate internal resources, advise project team on potential solutions and strategies to meet project goals and client needs; Document observations and conclusions and ensure all work adheres to actuarial standards of practice; Communicate effectively with clients and cross-functional project teams; and Adhere to project budget and timelines.
Cultivate and nurture client relationships to create awareness of Firm capabilities to help generate incremental business;
Enhance tools and templates in place to ensure efficiency and excellence in our work;
Contribute to the intellectual capital of the practice and the Firm.