Company:
Argo AI
Location: Chicago
Closing Date: 07/11/2024
Salary: £200 - £250 Per Annum
Hours: Full Time
Type: Permanent
Job Requirements / Description
We are looking for a Head of Reserving – Financial Lines and Specialty to manage the reserving process for assigned business units, conduct reserve-related projects in collaboration with other reserving leaders, and lead a team of actuaries.
RESPONSIBILITIES:
- Lead the execution of quarterly analyses of gross and net reserves for business units with current gross reserves of $1.5 billion.
- Manage and develop staff responsible for performing reserve reviews for assigned business units (currently three actuaries).
- Coordinate quarterly close activities with Argo’s accounting group, as needed.
- Prepare materials used in quarterly reserve meetings and provide input to other reporting processes (Reserve Committee meeting material, quarterly reserve position walk, etc.).
- Communicate results to business leaders, the Chief Underwriting Officer, and the Chief Claims Officer.
- Interact with pricing, underwriting, claims, and finance areas to improve processes and communication between the areas.
- Continuous improvement of data, processes, and reports to increase the efficiency of the reserving and close processes and associated reporting.
QUALIFICATIONS:
- Bachelor's degree from an accredited college or university.
- FCAS designation.
- 15+ years of property/casualty insurance experience, with 10 years specifically in reserving.
- Excellent interpersonal/communication skills and committed individual/team work ethic.
- Ability to effectively interact with the executive team and peers in actuarial and finance.
- Ability to motivate others.
TRAVEL: Up to 15%
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Argo AI