Senior Consultant in business consulting risk focusing on financial services at EY. Building future financial services through people, technology, and innovation.
About the role
- Chief Reserving Actuary responsible for managing reserving studies and maximizing profitability for Everest's Legacy business. Collaborating across various departments to drive strategic value creation.
Responsibilities
- Perform quarterly studies and roll forward analyses and present to the Legacy reserving board
- Implement a “performance board” model across the Group
- Strengthen the reserve-claims feedback loop and instill rigorous tracking and dialog around quarterly AvE emergence and monthly early signals
- Run actuarial-led deep dives for any problematic or uncertain areas of the portfolio
- Translate claim events into reserve implications and capital impact
- Support pricing of externally contemplated deals (LPTs/retros) as needed
- Develop granular IBNR allocation methodologies to gauge profitability of anticipated liability acceleration strategies (e.g., policy buybacks)
- Translate reserving and claims signals into actionable run-off insights and interventions
- Enhance transparency and credibility for the Senior Leadership team and rating agencies
Requirements
- 10+ years actuarial experience and an ACAS or FCAS designation
- Advanced degree in a quantitative discipline preferred, including but not limited to Actuarial Science, Mathematics, Statistics, or Computer Science
- Expertise in P&C insurance or reinsurance reserving, with specific run-off reserving experience as an added bonus
- Strong business focus and experience with analyzing P&C claims and trends
- Technical know-how including Excel, VBA, SQL and Python
- Global Insurance/Reinsurance industry experience a plus
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Detail oriented and highly organized
- Skilled in time management and the ability to prioritize tasks
- Excellent critical thinking skills
- Strong relationship management and influencing skills
Benefits
- health insurance coverage
- an employee wellness program
- life and disability insurance
- 401k match
- retirement savings plan
- paid holidays
- paid time off (PTO)
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