Vice President - Actuary, Head of Reserving

Ascot Group•Chicago, IL

4d•$250,000 - $280,000•Hybrid

About The Position

Ascot Group is hiring a Vice President - Actuary, Head of Reserving to lead its US Reserving team and oversee the quarterly reserving process. The role includes managing reconciliations, ACE selections, peer review, management reporting, controls, documentation, actuarial assumptions, and reserve recommendations. The position presents recommendations and findings to the quarterly US Reserve Committee and supports legal entity and corporate reporting.

Requirements

Bachelor’s degree in Mathematics, Statistics, Economics, Actuarial Science, or a related field.
At least 15 years of relevant actuarial experience, including at least 5 years of reserving experience in a leadership role.
Proven managerial experience, including the ability to train and develop junior-level people managers as effective managers and coaches.
Track record of hiring, developing, and retaining high-performing teams.
FCAS designation held for at least 7 years.
Extensive experience and knowledge of advanced actuarial techniques and standards and insurance operations.
Excellent verbal and written communication skills, with the executive presence and confidence to present findings effectively to stakeholders.
Ability to exercise discretion and apply independent judgment and critical-thinking skills.
Ability to balance multiple projects with minimal direction.
High attention to detail and a strong ability and desire to collaborate across the organization.

Nice To Haves

Experience using Arius reserving software.

Responsibilities

Lead and oversee the quarterly reserving process, including initial reconciliations, ACE selections, peer review, management reporting, controls, and documentation.
Present ACE recommendations and explain the underlying findings to the quarterly US Reserve Committee.
Oversee selection of actuarial assumptions, including initial expected loss ratios, loss development curves, default method weights, and other key inputs.
Support legal entity and corporate reporting requirements.
Oversee regularly scheduled and ad-hoc deep-dive analyses of lines of business and reserving focus areas.
Enhance processes and data flows and improve reserving analytics.
Lead the US Reserving team, including recruiting, retaining, and developing staff.
Recommend management’s best estimate of reserves based on key uncertainties and risks.
Maintain, create, or improve best-practice reserving practices and policies.
Enhance data and capabilities to improve reserving analytics and diagnostics.
Peer review segment calculations of pricing loss ratios and pricing model assumptions.
Partner with UK and Bermuda reserving leads to enhance group reserving capabilities and consistency.
Embody The Ascot Way by fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.

Benefits

Medical insurance, including prescription coverage
Dental insurance
Vision insurance
Health Savings Account
Commuter Account
Health Care and Dependent Care Flexible Spending Accounts
Life Insurance
AD&D
Work/Life Resources, including an Employee Assistance Program
Paid holidays
Annual Paid Time Off, including paid state/local leave where required
Short-term Disability
Long-term Disability
Other leaves, including Bereavement, FMLA, Adoption, Maternity, Military, and Primary and Non-Primary Caregiver leave
Contributory Savings Plan (401k)
Annual cash bonus and other forms of discretionary compensation may be awarded.