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Company

Porch Group · 1 day ago

IBNR/Forecasting Actuary

Seattle, WA

Full-time

Remote

Mid, Senior Level

$134K/yr - $197K/yr

8+ years exp

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Responsibilities

Monthly IBNR Reporting: Develop and produce incurred-but-not-reported (IBNR) reserve reports, evaluating various methodologies to accurately project ultimate claim costs.

Catastrophe Event Analysis: Conduct thorough analysis on all PCS-designated catastrophe events affecting company losses, ensuring timely and accurate reporting.

Reserve Management: Oversee updates to case reserves, ensuring alignment with claims experience and financial forecasts.

Forecasting: Develop and maintain a forecasting framework for premiums, losses, and expenses to support business planning and decision-making.

Identify and capitalize on new opportunities to impact results.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Actuarial scienceIBNR reserve reportingMicrosoft ExcelFinancial forecastingCredentials (ACAS/FCAS)Reserving tools (ResQ)Microsoft AccessCasualty insuranceClaims trend analysisR programmingProfessional experience (8+ years)

Required

Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field or equivalent working experience

Credentials: Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS) required

4+ years in a relevant actuarial role, preferably with experience in reserving or pricing

8+ years of professional experience.

Advanced proficiency in Microsoft Excel; working knowledge of Microsoft Access and other Microsoft Office products.

Strong organizational and time management skills, with an ability to manage competing priorities effectively.

Evidence of achieving results within ambiguous environments.

Experience contributing ideas to improve results cross-functionally and informing team and division strategy.

Preferred

Experience with reserving tools such as ResQ; familiarity with analytics packages like R or other programming skills is a plus.

Experience in Property and Casualty insurance preferred.

Benefits

Our traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose.

Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis.

We offer pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options.

We provide company paid Basic Life and AD&D, Short and Long-Term Disability benefits.

We also offer Voluntary Life and AD&D plans.

Both traditional and Roth 401(k) plans are available with a discretionary employer match.

Headspace is part of our employer paid wellbeing program and provides employees, and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation.

Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes.

LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more.

Our wellness programs include flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs.