Ascot Group
Overview
Senior Actuarial Analyst, Reserving
role at
Ascot Group . This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations. Responsibilities
Perform reserving analyses and produce management reports and statutory reporting in accordance with quarterly and annual timelines. Make reserving recommendations for assigned business units through the application of appropriate reserving methods and assumptions. Review current tools and procedures, make adjustments or develop new resources and enhance processes as appropriate. Develop and implement reserving methodologies and enhancements to improve efficiency and accuracy. Support in enhancements of reserving software, reserving process design, and deep dive review processes. Collaborate regularly with Pricing, Claims, Finance, and Underwriting teams to develop deep understanding of line of business trends and emerging claims. Stay up to date in the functional area of expertise, on industry trends and developments, and assure knowledge transfer within the organization. Provide guidance to less experienced team members. Commitment to The Ascot Way: Embody The Ascot Way in daily interactions with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability. Requirements
Proven math and analytical skills, as normally acquired through the pursuit of a Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field. A minimum of 4 years of relevant actuarial experience, preferably with some commercial or professional lines reserving experience. Commitment to achieving Associateship or Fellowship in the Casualty Actuarial Society. Prior experience and knowledge of basic actuarial techniques and standards and insurance operations. Solid oral and written and presentation communication skills. Solid interpersonal skills and the ability to work in a team environment as well as independently. Ability to exercise discretion and apply independent judgment and critical thinking skills in execution of assignments. Ability to balance multiple projects with some direction. Advanced proficiency in Excel. Experience using Arius reserving software is a plus. Programming skills or experience using SQL, VBA, R, Python, and ReMetrica is a plus. High attention to detail and a strong ability and desire to collaborate across the organization. Compensation
Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include annual cash bonus, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $105,000 - $130,000. Company Benefits
The Company provides a competitive benefits package that includes the following (eligibility requirements apply): Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more. Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver). Retirement Benefits: Contributory Savings Plan (401k). Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries
Insurance
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Senior Actuarial Analyst, Reserving
role at
Ascot Group . This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations. Responsibilities
Perform reserving analyses and produce management reports and statutory reporting in accordance with quarterly and annual timelines. Make reserving recommendations for assigned business units through the application of appropriate reserving methods and assumptions. Review current tools and procedures, make adjustments or develop new resources and enhance processes as appropriate. Develop and implement reserving methodologies and enhancements to improve efficiency and accuracy. Support in enhancements of reserving software, reserving process design, and deep dive review processes. Collaborate regularly with Pricing, Claims, Finance, and Underwriting teams to develop deep understanding of line of business trends and emerging claims. Stay up to date in the functional area of expertise, on industry trends and developments, and assure knowledge transfer within the organization. Provide guidance to less experienced team members. Commitment to The Ascot Way: Embody The Ascot Way in daily interactions with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability. Requirements
Proven math and analytical skills, as normally acquired through the pursuit of a Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field. A minimum of 4 years of relevant actuarial experience, preferably with some commercial or professional lines reserving experience. Commitment to achieving Associateship or Fellowship in the Casualty Actuarial Society. Prior experience and knowledge of basic actuarial techniques and standards and insurance operations. Solid oral and written and presentation communication skills. Solid interpersonal skills and the ability to work in a team environment as well as independently. Ability to exercise discretion and apply independent judgment and critical thinking skills in execution of assignments. Ability to balance multiple projects with some direction. Advanced proficiency in Excel. Experience using Arius reserving software is a plus. Programming skills or experience using SQL, VBA, R, Python, and ReMetrica is a plus. High attention to detail and a strong ability and desire to collaborate across the organization. Compensation
Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include annual cash bonus, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $105,000 - $130,000. Company Benefits
The Company provides a competitive benefits package that includes the following (eligibility requirements apply): Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more. Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver). Retirement Benefits: Contributory Savings Plan (401k). Seniority level
Mid-Senior level Employment type
Full-time Job function
Finance and Sales Industries
Insurance
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