This is an opportunity to join Ascot Group - one of the world's preeminent specialty risk underwriting organizations.
Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we're bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.
The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.
Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service - both pre- and post-claims. Ascot exists to solve for our clients' brightest tomorrow, through agility, collaboration, resilience, and discipline.
Job Summary:
We are looking for a Reserving Actuary to lead Casualty and Workers' Compensation reserving at Ascot. You will be a key member of the US Reserving team as we continue to optimize our reserving practices and look to enhance the information we provide to our business partners. This is a great opportunity to demonstrate and enhance expertise in long-tailed lines of business in a collaborative environment interacting directly with Underwriting, Claims, and Finance. This position will report to the VP, Head of US Reserving.
Responsibilities:
- Lead reserving analyses and produce management reports and statutory reporting in accordance with quarterly and annual timelines
- Make and present reserving recommendations for assigned business units through the application of appropriate reserving methods and assumptions and become a valued business partner
- Develop and implement reserving methodologies and enhancements to improve efficiency and accuracy
- Lead and enhance quarterly deep dive reserving processes and governance
- Analyze existing tools and processes, modifying or creating new tools and improving processes as needed
- Collaborate regularly with Pricing, Claims, Finance, and Underwriting teams to develop deep understanding of line of business trends and emerging claims
- Stay up to date in functional area of expertise, on industry trends and developments, and assure knowledge transfer within the organization
- Provide guidance and mentoring to less experienced team members
Requirements:
- Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field with proven math and analytical skills.
- 7+ years of relevant actuarial experience, with 3 years of Casualty or Workers' Compensation reserving experience
- ACAS designation, with FCAS preferred
- Prior experience and knowledge of basic actuarial techniques and standards and insurance operations
- Excellent verbal and written communication skills for presenting findings to stakeholders
- Ability to exercise discretion and apply independent judgment and critical thinking skills in execution of assignments
- Ability to balance multiple projects with minimal direction
- Proficient in Excel
- Experience using Arius reserving software preferred
- Programming skills or experience using SQL, VBA, R, Python, and ReMetrica is a plus
- High attention to detail and a strong ability and desire to collaborate across the organization
***This position may be filled at a different level, depending on experience***
Compensation
Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot's total compensation package for employees. Other rewards may include annual cash bonus, long-term incentives, and other forms of discretionary compensation awarded by the Company.
- The annualized base pay range for this role is: In New York Metro is: $150,000 - $190,000.
Company Benefits
The Company provides a competitive benefits package that includes the following (eligibility requirements apply):
Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more
Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver)
Retirement Benefits: Contributory Savings Plan (401k)
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