Reserving Actuary

2 months ago
Full-time
Lead
Data Science and Analytics
Berkshire Hathaway Homestate Companies

Berkshire Hathaway Homestate Companies

BHHC, part of Berkshire Hathaway Insurance Group, specializes in Workers Compensation and offers nationwide insurance products with a focus on financial strength and personalized service.

Insurance
100K+
Founded 1839

Description

  • Oversee quarterly analysis of loss and loss adjustment expense reserves and provide data for external financial reporting.
  • Conduct research on key reserve drivers, including emerging claim types, claim frequency and severity trends, and loss development patterns.
  • Manage and direct the reserving team to complete recurring assignments within tight timeframes.
  • Turn data into actionable information to support organizational decision-making.
  • Present findings and clear data visuals to Senior Leadership on a frequent basis.
  • Select actuarial assumptions and methods, review alternatives, and defend conclusions to peers and leadership.
  • Develop and maintain analytical standards, procedures, peer reviews, and documentation to ensure consistency.
  • Monitor legislative and regulatory activity and incorporate benefit and rate changes into actuarial analyses.
  • Participate in industry professional organizations and rating committees as a company representative and thought leader.
  • Prepare and present ad-hoc research and reporting.

Requirements

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Risk Management, Data Science, or another quantitative field.
  • Fellow or Associate of the Casualty Actuarial Society certification required.
  • Minimum of 7 years of relevant FCAS experience with insurance industry concepts and applications.
  • Experience working with Willis Towers Watson ResQ preferred.
  • Sound data analytical skills and familiarity with Microsoft Office applications, including Excel, MS-Access, and MS-SQL.
  • Knowledge of workers compensation standards and best practices preferred.
  • Strong problem-solving ability with the capacity to gather, analyze, and synthesize information in complex situations.
  • Ability to communicate effectively with executives, senior leaders, and non-actuaries using data visuals and clear explanations.
  • Leadership experience or the ability to direct work, provide feedback, and maintain accountability within a team.
  • Willingness to travel to San Francisco quarterly.

Benefits

  • Bonus eligibility.
  • Paid time off and paid holidays.
  • Immediate vesting of retirement savings with company match.
  • Group health insurance, including medical, dental, and vision coverage.
  • Life and AD&D insurance, long-term disability insurance, hospital indemnity insurance, and accident and critical illness insurance.
  • Flexible spending accounts.
  • Paid community volunteer day.
  • Employee assistance program.
  • Tuition reimbursement program.
  • Employee referral program.
  • Diversity, Equity and Inclusion program.

Interested in this position?

Apply directly on the company website

Apply Now

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