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Risk & Regulatory Consulting LLC · 4 days ago

P/C Actuary

United States

Full-time

Remote

Senior Level, Lead/Staff

10+ years exp

Risk & Regulatory Consulting LLC is a consulting firm specializing in regulatory consulting and insurance-related engagements. As a P&C Actuary, you will provide insights to insurance regulators and work on various client engagements, focusing on assessing risks and ensuring compliance with regulatory requirements.

Consulting

Responsibilities

Serve as part of the actuarial subject matter expert team on client engagements which include:

Identifying and assessing significant reserving, pricing/underwriting, capital and reinsurance risks that could impact property/casualty insurer’s financial strength as part of risk-focused financial examinations

Reviewing rate filings that rely on complex models to assess reasonableness of overall rate indication, modeling approach, and compliance with regulatory requirements

Assisting audit teams with assessing the reasonableness of financial statement accruals

Assisting on special projects such as industry research and market conduct examinations

Coordinate internal resources, advise project team on potential solutions and strategies to meet project goals and client needs

Document observations and conclusions and ensure all work adheres to actuarial standards of practice

Communicate effectively with clients and cross-functional project teams; and

Adhere to project budget and timelines

We also expect the following business and practice development efforts:

Cultivate and nurture client relationships to create awareness of Firm capabilities to help generate incremental business

Enhance tools and templates in place to ensure efficiency and excellence in our work

Contribute to the intellectual capital of the practice and the Firm

Qualification

PropertyCasualty insuranceRegulatory consultingComplex modelingACASFCASMAAARatemakingCapital modelingMachine learningStatistical samplingClient serviceEthical standardsProblem solvingPresentation skillsInterpersonal skillsOrganizational skillsWritten communicationVerbal communication

Required

Bachelor's Degree in Mathematics, Actuarial Science, Economics, or Statistics

Minimum of 10+ years professional experience in a Property and Casualty insurance company, financial services or consulting firm

Knowledge of reserving, pricing, ratemaking, capital modeling, and/or enterprise risk management

An understanding of insurance rates and regulatory requirements for supporting reserve levels

Demonstrated problem solving skills

PC skills, including experience in using software for producing presentations, spreadsheets, and project planning (skills in TeamMate, Access, Visual Basic, MS Excel and other applications)

Ability to interact with all levels including executives and senior managers

Strong interpersonal, presentation, analytical and statistical sampling skills

Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments

Exceptional written and verbal communication skills

Dynamic/flexible demeanor with exceptional client service skills

Self-motivated with a sense of ownership and pride in their work

Ability to travel on occasion

Knowledgeable about Actuarial Standards of Practice and Actuarial Code of Conduct

Ability to demonstrate ethical and professional standards as outlined by the Firm