As the Chief Actuary of the Workers' Compensation Reserve Unit, you will play a pivotal role in overseeing all actuarial reserving activities within the department's Workers' Compensation (WC) Fund. Your responsibilities will encompass strategic leadership, meticulous analysis, and collaborative engagement with various departments to ensure the financial integrity of the roughly $10 billion in WC loss and loss adjustment expense reserves.

Responsibilities:

1. Leadership and Team Management:

   • Lead and manage the Actuarial workers' compensation reserving team.
   • Clarify job responsibilities, set performance expectations, establish goals and competencies, and provide continuous coaching and mentorship.
   • Conduct performance evaluations and identify skill gaps for ongoing development.

2. Reserve Oversight:

   • Oversee the establishment of loss and loss adjustment expense reserve balances in collaboration with the Finance Department.
   • Design and implement a continuous process for reserve analysis, ensuring actuarial soundness in the WC Fund.

3. Reporting and Analysis:

   • Prepare monthly and quarterly statutory reports, including Schedule X and Schedule P.
   • Collaborate with Claims, Underwriting, Finance, and senior management to develop actuarially sound reserve recommendations.
   • Analyze trends over time and communicate drivers to senior management.

4. Technology and Tools:

   • Evaluate, implement, and oversee the use of new analytical and diagnostical reserving tools and software packages.
   • Integrate modern stochastic loss reserving models into the department's workflow.

5. Strategic Advisory:

   • Advise business partners using actuarial and mathematical techniques to support decision-making.
   • Provide actuarial guidance for the company's predictive modeling efforts, particularly in claims reserving.

6. Collaboration and External Engagement:

   • Work with external consultants on matters related to workers' compensation loss reserving.
   • Assist with Risk-Based Capital monitoring and other capital modeling initiatives.

7. Regulatory Compliance and Expert Witness:

   • Perform all work in accordance with Actuarial Standards of Practice.
   • Testify as an expert witness and assist in evaluating proposed regulations and legislation.

Basic Qualifications:

• Associate or Fellow of the Casualty Actuarial Society (FCAS) and Member of the American Academy of Actuaries (MAAA).
• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Minimum of ten (10) years of actuarial experience, including two (2) years post-Fellowship designation.
• Strong managerial, team-building, and organizational skills.
• Experience in change management and leading process improvements.

T his is a full-time direct hire opportunity, offering a competitive salary and comprehensive benefits package.