Reserving Actuary

Location: Hybrid Work Model - Van Wert, OH; Dublin, OH 

We are a team of employees who are passionate about delivering best-in-class customer service and innovation in the industry. We prioritize integrity, relationships, and excellence in all aspects of our work. 

Our employees can fully utilize their talents and bring their best selves to work. We believe who you are is just as important as what you do! 

As a Reserving Actuary, you'll have the opportunity to join a close knit team focused on Central's commitment to excellence by applying your knowledge and insights to reserving and statistical analyses. In the Corporate Reserving Department, you’ll help implement future enhancements to the reserves processes, data feeds, and other data evaluations. 

How You’ll Make an Impact 

• Prepare loss reserve analyses for assigned portfolio segments; make sound selections, provide justification for selections/assumptions, review corresponding data/model preparations, and provide insights on trends, shifts in mix, and other driving forces behind loss development
• Conceptualize exhibits in support of loss reserve analyses and execute on design, build, and clear communication of exhibits
• Assist in the preparation of exhibits in support of loss reserving and corporate reporting analysis tasks  
• Assist the Loss Reserve Committee including presenting information, evaluating findings, and advising on the impacts of actions being proposed
• Lead the preparation of the actuarial portions of assigned corporate reports and initiatives
• Lead the preparation of statutory requests and oversee the responses to questions raised by the various insurance entities
• Lead data query efforts with analysts by clearly articulating the purpose, assumptions, hypothesis, and known intricacies
• Conceptualize tools in support of the monitoring and execution of Central’s loss reserving and profitability strategy and serve as the lead in the design, build, and execution of tools/diagnostics
• Monitor Actuarial Department and other business units’ correspondence to evaluate their impact on loss reserving and corporate profitability and to verify consistency of related actuarial work products
• Complete peer review and review of senior analyst/analyst work to ensure quality of work products 
• Form relationships with internal business units to understand various corporate initiatives and their impacts on the book of business; incorporate insights gained into ongoing reserve analyses
• Train others on reserving/reporting analysis tasks
• Lead the continuous improvement of actuarial processes and procedures based on industry trends and best practices in collaboration with senior analysts and the Research and Development Actuarial Team
• Support the preparation of communication with Central leadership and external stakeholders and vendors
• Ownership of any ad hoc projects as assigned by the business
• Ownership of special projects as requested.

What You’ll Bring  

• ACAS/FCAS designation
• Master’s degree in mathematics, actuarial science, statistics, or analytics and two years of experience in an actuarial position
• Or bachelor’s degree in mathematics, actuarial science, statistics, or analytics and four years of experience in an actuarial position
• Or six years of experience in an actuarial position
• Analytical and problem-solving skills
• Strong math skills
• Solid knowledge of actuarial techniques and standards, and other business operations, including financial, claims, underwriting, and legal
• Excellent communication and presentation skills
• Multi-tasking and prioritization skills
• Ability to understand Central Insurance’s policies and processes

Preferred  

• Strong skills with programming languages such as SQL, Python, R, SAS, and VBA