What are the responsibilities and job description for the Associate Actuary - Reserving position at Fortegra?
Fortegra is seeking a motivated and diligent actuary with loss reserving experience. This role offers an exciting opportunity to apply your reserving expertise to various lines of business while broadening your skill set through diverse projects. LOBs analyzed may include Property (personal and commercial), General Liability, Professional Liability, and Warranty. Your main focus will be reserving and actuarial reporting, with numerous opportunities to contribute to other actuarial functions including pricing, data analytics, regulatory reporting, reinsurance, and more. This is a managerial position and is ideal for an enthusiastic actuary eager to make an impact and expand their professional horizons.
Minimum Qualifications:
- 6 years of actuarial experience in Property & Casualty insurance products.
- Associate or Fellow of the Casualty Actuarial Society.
- Familiarity with IFRS 17 is preferred.
- Proficiency in MS Excel.
- Knowledge of SQL or other programming languages is preferred.
- A proactive, creative approach to problem-solving.
- Exceptional interpersonal skills, with the ability to communicate complex results to diverse audiences.
Primary Job Functions:
- Perform quarterly loss reserve analyses for various lines of business and review work of peers
- Perform semiannual long duration unearned premium reserve analysis
- Monitor reserve adequacy across Fortegra’s Specialty and Warranty portfolios and recommend reserve strengthening/weakening to Finance
- Perform deep-dive analyses into large programs, providing actionable insights to Underwriting and Management
- Enhance quarterly data collection and reporting processes used by Actuarial to present findings to key stakeholders including Underwriting, Claims, and Management
- Assist with regulatory reporting requirements
- Estimate collateral requirements for unauthorized reinsurers
- Work with pricing team on various requests including due diligence work on prospective programs and other ad-hoc pricing requests
The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform
Additional Information:
Full benefit package including medical, dental, life, vision, company paid short/long term disability, 401(k), tuition assistance and more.
The anticipated salary for this position is $150,000 - $190,000 per year, based on qualifications and experience.
Salary : $150,000 - $190,000