Head of Reserving - Financial Lines & Specialty

Company: Argo AI
Location: Chicago
Posted on: November 13, 2024

Job 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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Keywords: Argo AI, Schaumburg , Head of Reserving - Financial Lines & Specialty, Accounting, Auditing , Chicago, Illinois