Reserving Actuary - #248607

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

We are a team of employees who are passionate to deliver best in class customer service and innovation in the industry. It’s because we put Integrity, Relationships and Excellence in all aspects of our work.

Our employees have the opportunity to fully utilize their talents and bring their best self. We believe that who you are is just as important as what you do!

As a Reserving Actuary, you'll have the opportunity to join an close knit team that is focused on helping Central's commitment to excellence by applying your knowledge and insights to reserving and statistical analyses. In the Corporate Reserving department, you will 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 with 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 & 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 correspondence of the Actuarial Department and other business units to evaluate their impact on loss reserving and corporate profitability and to verify consistency of related actuarial work products.
• Complete peer review as well as review of Sr.Analyst/Analyst work to ensure quality of work products
• Form relationship 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 Sr. Analysts and the Research and Development Actuarial team
• Support the preparation of communication with Central leadership, as well as 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, Analytics field and 2 years of experience in an actuarial position
• Or Bachelor’s degree in Mathematics, Actuarial science, Statistics, Analytics field and 4 years of experience in an actuarial position
• Or 6 years of experience in an actuarial position
• Possesses analytical and problem-solving skills
• Strong math skills
• Solid knowledge of actuarial techniques and standards, as well as other business operations including financial, claims, underwriting, and legal
• Possesses excellent communication and presentation skills
• Possesses 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
  
  
  

Work Authorization

Central will only employ those who are legally authorized to work in the United States. This is not a position for which sponsorship will be provided. Individuals with temporary visas such as E, F-1(including those with OPT or CPT) , H-1, H-2, L-1, B, J or TN, or who need sponsorship for work authorization now or in the future, are not eligible for hire.

Equal Opportunity Employer

It is the policy of Central that all recruiting, hiring, training, compensation, overtime, job classification and assignment, facilities, promotions, transfers, employee treatment and all other terms and conditions of employment shall be maintained in a manner which will not discriminate against any person because of race, color, age, sex, national origin, ancestry, religion, marital status, military status, or disability. The applicant should respond to questions on this application in a way that will not divulge such information.