Reserving Actuarial Analyst

Merchants Insurance Group•Buffalo, NY

14h•$75,000 - $95,000•Hybrid

About The Position

Merchants Insurance Group, a leading Property and Casualty Insurer in the Northeast, is looking for a Reserving Actuarial Analyst for our Corporate Actuarial team based in our Corporate Headquarters in Buffalo, New York. The Reserving Actuarial Analyst will become part of a dedicated actuarial team focusing on estimating unpaid property and casualty insurance liabilities and providing reserving methodology and process improvements. Merchants Insurance Group is rated A- (Excellent) with a stable outlook by A.M. Best and is consistently recognized as a top employer and high-performing organization.

Requirements

Bachelor’s degree in Mathematics, Statistics, Actuarial Science, or related field.
Demonstrates expert proficiency in Excel.
Demonstrates general programming and/or database skills; SQL experience is preferred.
Demonstrates excellent analytical, problem-solving, and organizational skills.
Is detail-oriented and demonstrates strong time-management skills to plan, prioritize, and consistently meet deadlines.
Is action-oriented with a focus on accuracy and results, including the ability to persevere in a variety of situations and assesses the reasonableness of outcomes with precision.
Demonstrates strong written and verbal communication skills.
Excels independently and contributes effectively to a team environment.

Nice To Haves

A minimum of three years’ experience in the property and casualty actuarial field is preferred.
Credit for four exams and demonstrates commitment to pursuing actuarial credentials from the Casualty Actuarial Society is preferred.
PowerBI or Tableau experience is a plus.
Solid actuarial knowledge base with proficiency in reserving concepts and P&C products/coverages is preferred.
Experience with ResQ or similar reserve software is a plus.

Responsibilities

Supports quarterly and annual reserve reviews using traditional property-casualty unpaid claim estimation techniques and methodologies and implements the results effectively.
Extracts, validates, and maintains transactional datasets for both internal use and transfer to the Appointed Actuary.
Creates new or improves existing documentation, processes, and reports.
Improves tools and efficiency of the review process and prepares reserve summary reports for various internal and external stakeholders.
Leads reinsurance data call completion and streamlines data capture; monitors and updates reinsurance data year-round.

Benefits

The Actuarial Analyst qualifies for participation in the Merchants Insurance Group’s Actuarial Student Program.
Welcoming and positive work environment.
Flexible work arrangements, including flex scheduling and summer hours.
Hybrid work schedule. The Hybrid work schedule will require two full days per week in the office, with the option to work the remaining days per month at home or in the office.
Colleague Appreciation Events.
Competitive pay scale.
Outstanding company bonus program.
Generous paid time off package.
Full Benefits: Health, Dental, Vision, Life Insurance, Short Term Disability, 401(k) employer match amount is 100% up to 6% of your annual contributions. You are immediately 100% vested in the employer match dollars.
Tuition Reimbursement.