What are the responsibilities and job description for the Associate Actuary - Reserving position at Fortegra?
Overview
Fortegra is seeking a collaborative and analytical actuarial professional with loss reserving experience. This role offers an exciting opportunity to apply your reserving expertise across multiple lines of business while broadening your skill set through diverse projects. Lines of business analyzed may include Property (personal and commercial), General Liability, Professional Liability, and Warranty. Your primary focus will be reserving and actuarial reporting, with opportunities to contribute to pricing, data analytics, regulatory reporting, reinsurance, and other actuarial initiatives.
This position is ideal for an actuary eager to make an impact and expand their professional horizons. This position is supported by Fortegra’s Actuarial Study Program.
Key Responsibilities
$120,000 – $160,000 base salary, commensurate with experience.
Additional Information
Full benefit package including medical, dental, life, vision, company paid short/long term disability, 401(k), tuition assistance and more
Job Posting Disclaimer
Fortegra has recently been made aware of unauthorized communications regarding career opportunities by individuals not associated with Fortegra or our recruitment team. Fortegra will only contact you from the Fortegra domain address (@fortegra.com). If you receive a message from someone posing as a Fortegra recruiter via text message, WhatsApp, Telegram or other messaging platform, please report it as phishing and block the sender.
Fortegra is not accepting unsolicited resumes from search firms for this position.
Internal Notice: As part of our commitment to talent development, this position is open for internal promotion applications at the time of public posting.
Fortegra is seeking a collaborative and analytical actuarial professional with loss reserving experience. This role offers an exciting opportunity to apply your reserving expertise across multiple lines of business while broadening your skill set through diverse projects. Lines of business analyzed may include Property (personal and commercial), General Liability, Professional Liability, and Warranty. Your primary focus will be reserving and actuarial reporting, with opportunities to contribute to pricing, data analytics, regulatory reporting, reinsurance, and other actuarial initiatives.
This position is ideal for an actuary eager to make an impact and expand their professional horizons. This position is supported by Fortegra’s Actuarial Study Program.
Key Responsibilities
- Perform quarterly loss reserve analyses for various lines of business.
- Monitor reserve adequacy by line of business and program and recommend reserve strengthening or weakening as appropriate.
- Perform semiannual long-duration unearned premium reserve analyses.
- Enhance quarterly data collection and reporting processes used by Actuarial to communicate findings to Underwriting, Claims, Finance, and Management.
- Perform deep-dive analyses into large programs, providing actionable insights to Underwriting and Management.
- Support the pricing team with due diligence reviews of prospective programs and other ad hoc pricing analyses.
- Assist with regulatory reporting requirements, including:
- US Annual Statement reporting and Schedule P preparation.
- IFRS 17 reporting.
- Estimate collateral requirements for unauthorized reinsurers.
- 4-8 years of actuarial experience in Property & Casualty insurance products.
- Actively pursuing 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.
$120,000 – $160,000 base salary, commensurate with experience.
Additional Information
Full benefit package including medical, dental, life, vision, company paid short/long term disability, 401(k), tuition assistance and more
Job Posting Disclaimer
Fortegra has recently been made aware of unauthorized communications regarding career opportunities by individuals not associated with Fortegra or our recruitment team. Fortegra will only contact you from the Fortegra domain address (@fortegra.com). If you receive a message from someone posing as a Fortegra recruiter via text message, WhatsApp, Telegram or other messaging platform, please report it as phishing and block the sender.
Fortegra is not accepting unsolicited resumes from search firms for this position.
Internal Notice: As part of our commitment to talent development, this position is open for internal promotion applications at the time of public posting.
Salary : $120,000 - $160,000