Program Reserving Actuary
About The Position
Hippo is seeking a technically strong, detail-oriented actuary to support reserving across its portfolio of third-party P&C programs, with a strong focus on casualty. The role supports quarterly and monthly reserving cycles, from preparing and validating data through rolling forward assumptions and delivering review-ready analyses. The ideal candidate has casualty reserving experience and can independently obtain, validate, transform, and analyze reserving data. The position is hybrid and based in San Jose, Austin, Dallas, or Morristown. It reports to the Actuarial Manager, Reserving, and relocation assistance is available for qualified candidates relocating to a hub location. The actuary will perform reserve reviews and support monthly close, financial reporting, reserve governance, and communication of conclusions to actuarial and non-actuarial partners. The role also offers opportunities to improve reserving models through building, refitting, or calibration. Candidates should hold an ACAS credential, have broad reserving exposure across multiple P&C lines with a strong casualty foundation, and be progressing toward FCAS. Hippo describes its culture as valuing ownership, curiosity, collaboration, and continuous improvement.
Requirements
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field.
- ACAS credential with robust casualty reserving experience; progress toward FCAS is preferred.
- At least 4 years of actuarial experience, with broad reserving exposure across multiple lines and sound judgment when working with limited or unstructured data.
- Proficiency in SQL and Python to independently source, validate, reconcile, and analyze large datasets.
- Strong Excel skills.
- Experience with cloud data warehouses and curated analytical datasets; BigQuery and GitHub are preferred.
- Ability to trace results from underlying claim and financial transactions through reserve exhibits and final reporting.
- Good understanding of accounting standards such as US GAAP and US STAT.
- Ability to explain actuarial concepts clearly to actuarial and non-actuarial audiences, including senior leadership.
- Project management skills and ability to deliver under tight timelines.
- Collaborative approach and commitment to continuous learning.
Nice To Haves
- Progress toward FCAS.
- Experience with BigQuery and GitHub.
- Familiarity with layered data architectures such as bronze/silver/gold.
- Prior program, fronting, or reinsurance experience.
- Experience with SQL-based data transformation tools such as dbt.
- Experience with SOX controls or audit support for reserving processes.
- Experience using AI tools to speed up actuarial and data work.
Responsibilities
- Perform quarterly reserve reviews across program tiers, including deep dives on casualty special programs; evaluate reserve adequacy, roll forward assumptions, and prepare documented recommendations for actuarial management review.
- Investigate reserve movements, claims trends, and data anomalies, and communicate findings and recommendations to actuarial leadership.
- Analyze claims, premium, exposure, financial, and reinsurance datasets; partner with data and engineering teams to improve data quality and accessibility.
- Conduct data reconciliation and forensic analysis, identify claims data quality issues, and help standardize partner program definitions by mapping and aggregating data into consistent structures.
- Support development of large loss thresholds for partner programs and a broader large loss strategy for reserve analyses excluding large losses.
- Support monthly close activities, including lag and paid estimates, loss flux, ultimate and IBNR allocation, and AY/TY loss ratio review.
- Support review of new and existing insurance programs, set up templates for newly onboarded programs, and reduce the backlog of programs without a recent review.
- Contribute analysis and exhibits for reserve committee and senior management materials; communicate loss ratio performance and emerging issues to Pricing, Underwriting, Reinsurance, Claims, and Finance.
- Maintain Schedule P, ULAE/AO, and reinsurance treaty workbooks, and support annual, quarterly, and monthly GAAP and STAT financial reporting.
- Support SOX control documentation, audit walkthroughs, and requests from the signing actuary.
- Support reserve risk (Mack/ODP CoV) calculations and the handoff to capital modeling.
- Identify and implement governance and automation improvements to make reserving reviews and workflows consistent, repeatable, and well controlled.
- Contribute to reserving model building, refitting, or calibration.
Benefits
- Relocation assistance for qualified candidates relocating to a hub location.
- Multiple medical plans.
- Employer-covered dental and vision plans for team members and their families.
- 401(k) retirement plan.
- Short- and long-term disability coverage.
- Employer-paid life insurance.
- Flexible Spending Accounts (FSA) for health and dependent care.
- Employee Assistance Program (EAP).
- Equity compensation eligibility.
- Training and internal career growth opportunities.
- Flexible Time Off.
- 12 weeks of parental leave for primary and secondary caregivers.
- Snacks, drinks, and catered lunches for onsite employees.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
