Reserving Actuary

WHAT WE'RE LOOKING FOR

Berkshire Hathaway Homestate Companies, Workers Compensation Division, has an immediate need for a Reserving Actuary to join its Actuarial team! This individual will oversee the quarterly analysis of loss and loss adjustment expense reserves and provide data to the Finance Department for external financial reporting. This individual will also conduct research into key drivers affecting loss reserves, including emerging types of claims, claim frequency and severity trends, and loss development patterns and diagnostics.

The position requires clear and engaging communication of information to Senior Leadership with effective data visuals on a frequent basis.

Reports directly to Chief Actuary.

• Manages and directs the work of the reserving team (e.g., Actuaries, Analysts), including keeping everyone on task to complete recurring assignments within tight time frames.
• Turns data into critical information and knowledge that can be utilized to determine organizational decisions. Presents findings to Senior Leadership.
• Selects actuarial assumptions and methods based on all available sources of data, reviews alternative assumptions, and is prepared to explain and defend assumptions upon review by peers, senior leaders, and non-actuaries.
• Develops and maintains analytical standards and procedures, including peer reviews, to ensure consistency of analysis, execution, knowledge sharing, and documentation.
• Monitors legislative and regulatory activity. Incorporates the effects of benefit and rate changes into actuarial analyses.
• Actively engages with and participates in industry professional organizations and rating committees, representing the company's strategic interests while presenting as an expert thought leader within the professional community.
• Prepares and presents ad-hoc research and reporting.

As a member of the Senior Leadership Team (SLT), works collaboratively with members of the SLT to actively champion enterprise initiatives, ensuring the organization’s vision, mission, goals and objectives are operationalized. Models and reinforces organizational values and behaviors in all leadership actions. Relies primarily on substantial experience, discerning judgment, and leadership skills to perform the functions of the job and achieve results in established timelines.

Takes an anticipatory approach to solving problems. Ensures that employees understand their level of accountability and takes appropriate action to ensure employees fully understand roles, responsibilities and performance standards and provides ongoing feedback and support. Executes all responsibilities with professionalism and in accordance with the organization’s internal policies, as well as regulatory, financial, and ethical standards.

EDUCATION:

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Risk Management, Data Science, or other quantitative field required.

REQUIRED CERTIFICATIONS/LICENSES:
Fellow or Associate of the Casualty Actuarial Society.

EXPERIENCE:

• Minimum of seven (7) years of relevant FCAS experience with insurance industry concepts and applications required.
• Experience working with Willis Towers Watson ResQ preferred.

TECHNICAL

SKILLS:

• Possesses sound data analytical skills and familiarity with Microsoft Office applications (Excel, MS-Access, MS-SQL).
• Knowledge of workers compensation standards and best practices preferred.

• PROBLEM-SOLVING:
  Logical thought process and problem-solving ability; able to effectively gather and analyze information skillfully and provide solutions in complex situations. Seeks root causes. Anticipates long-term problem areas and associated risk levels with objective rationale. Identifies items requiring additional information or action and addresses and communicates appropriately.
• INTERPERSONAL:
  Solid team-builder, be result oriented, a creative and strategic thinker with innovative problem-solving skills. Approachable and trustworthy with innate ability to form strong and meaningful bonds with executives and stakeholders. Active participant on SLT.
• INNOVA…