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AIPSO · 1 day ago

Actuary/Actuary & Actuarial Team Lead

Johnston, RI

Full-time

Onsite

Senior Level, Lead/Staff

$153K/yr - $267K/yr

8+ years exp

AIPSO is a management organization and service provider for various insurance industry groups responsible for administering the residual market. The Actuary & Actuarial Team Lead will lead loss reserve analyses, develop compliant recommendations, and present results to senior leadership while ensuring methodologies reflect current practices.

Financial ServicesInsuranceProject Management

Work & Life Balance

Responsibilities

Lead loss reserve analyses for Auto Plans and residual market mechanisms, including IBNR estimation and reserve segmentation

Interpret and apply state-specific regulatory requirements to develop compliant and actuarially sound loss reserve recommendations

Prepare Statements of Actuarial of Opinions, including actuarial exhibits and supporting documentation

Maintain and improve reserving methodologies, development patterns, and trend selections as related to the loss reserving process. Including maintaining internal IBNR reserving templates

Present reserve results, drivers, and uncertainty considerations to senior leadership, boards, auditors, and regulators

Coordinate closely with Finance and Accounting on booked reserve entries, balance sheet impacts, and interactions with funding, and assessments

Ensure reserving approaches reflect current claims operational practices, claim settlement patterns, legislative changes, and large-loss handling strategies

Advise senior management on actuarial methods, assumptions, and strategic loss reserving implications

Assist in the preparation of materials for regulators, governing committees, and advisory boards

Lead cross functional team in monthly reserve review

Qualification

Loss reservingActuarial methodsStatistical softwareExcel proficiencyProject managementMathematical reasoningCommunication skillsProblem-solving skillsOrganizational skillsTeamwork

Required

Attainment of Fellow of the Casualty Actuarial Society (FCAS)

8 or more years' experience in casualty actuarial (including loss reserving)

Advanced proficiency in Excel and statistical software

Proficient in the use of Microsoft Office productivity tools (e.g. Outlook, Word, Excel) to manage work

Strong spreadsheet and technical skills to use databases and pivot tables

Effective problem-solving skills, including ability to analyze complex issues, find the root cause of the problem and consider a wide range of alternatives before acting

Demonstrate strong verbal and written communication skills, including ability to effectively present information and respond to questions from groups or individuals

Ability to multi-task and demonstrate flexibility while maintaining attention to detail

Demonstrate excellent organizational skills

Mathematical skill and reasoning ability to validate data, ensuring accuracy presented in reports and exhibits

Member of the American Academy of Actuaries (MAAA) and Casualty Actuarial Society (CAS); ability to maintain certification continuing education requirements

Ability to work independently and interact professionally and effectively in a team environment