Reserving Manager
Our Company
About Us:
American Integrity Insurance (NYSE: AII) is a leading provider of homeowners insurance, proudly serving over 400,000 policyholders across the Southeast. Comprised of more than 300 insurance professionals, most of whom work in our Tampa-area headquarters, and exclusively represented by more than 3,000 independent agents, we offer sound and comprehensive property and dwelling insurance to families throughout Florida, Georgia, South Carolina, and North Carolina. Our organization derives its Strength From IntegrityTM, and we are proud to have been recognized as a Top Place to Work in Tampa by the Tampa Bay Times and a Best Place to Work in Insurance by Business Insurance Magazine for the past twelve years. We have also rated among the Top Workplaces in the USA by USA Today for the past five years.
A Day in the Life:
Who knew Insurance could be this fun? From company picnics to charity events, no one can ever say American Integrity Insurance doesn't understand the importance of having fun, helping others, or giving back. Our company culture is priceless, and it's built around our six core values: Integrity, Commitment, Teamwork, Humility, Passion, and Fun. As a team working to provide home insurance solutions to our policyholders, together we aim to achieve greater heights each day and celebrate each other's accomplishments along the way. It is our mission to continue providing reliable, customer-centric homeowners
insurance and paying claims in a timely manner when our customers suffer a loss - and to do so with Integrity.
Learn more about American Integrity Insurance and our job opportunities at https://careers.aii.com.
Brief Summary
Title: Reserving Manager
You'll Report To: Senior Vice President of Product and Pricing
The Reserving Manager leads the development of financial projections and analysis to arrive at meaningful information with regards to risk-influenced property and casualty insurance financial statement items. The position provides realistic and innovative solutions to financial and other problems for uncertain events to assist management in the decision making process.
What You'll Do
What You'll Need to be a Top Candidate
Education: College Degree in Actuarial Science, Statistics, Mathematics or similar degree required.
Experience: Five (5) to seven (7) or more years of actuarial experience work preferred in Property & Casualty field; with a minimum of three (3) years required.
Skills & Knowledge:
Schedule: 8:30-5:30pm Monday-Friday, in-office full-time. #LI-Onsite
Working Conditions: Normal business office environment. Must be able to remain in a stationary position for periods of time while constantly operating a computer and or other office productivity machinery such as a calculator or telephone. The person in this position needs to occasionally move about inside the office to access file cabinets, office machinery or communicate with coworkers.
Travel: Minimum, as required.
ADA: The above statements cover what are generally believed to be the principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of job duties.
American Integrity Insurance Group is an Equal Opportunity Employer
About Us:
American Integrity Insurance (NYSE: AII) is a leading provider of homeowners insurance, proudly serving over 400,000 policyholders across the Southeast. Comprised of more than 300 insurance professionals, most of whom work in our Tampa-area headquarters, and exclusively represented by more than 3,000 independent agents, we offer sound and comprehensive property and dwelling insurance to families throughout Florida, Georgia, South Carolina, and North Carolina. Our organization derives its Strength From IntegrityTM, and we are proud to have been recognized as a Top Place to Work in Tampa by the Tampa Bay Times and a Best Place to Work in Insurance by Business Insurance Magazine for the past twelve years. We have also rated among the Top Workplaces in the USA by USA Today for the past five years.
A Day in the Life:
Who knew Insurance could be this fun? From company picnics to charity events, no one can ever say American Integrity Insurance doesn't understand the importance of having fun, helping others, or giving back. Our company culture is priceless, and it's built around our six core values: Integrity, Commitment, Teamwork, Humility, Passion, and Fun. As a team working to provide home insurance solutions to our policyholders, together we aim to achieve greater heights each day and celebrate each other's accomplishments along the way. It is our mission to continue providing reliable, customer-centric homeowners
insurance and paying claims in a timely manner when our customers suffer a loss - and to do so with Integrity.
Learn more about American Integrity Insurance and our job opportunities at https://careers.aii.com.
Brief Summary
Title: Reserving Manager
You'll Report To: Senior Vice President of Product and Pricing
The Reserving Manager leads the development of financial projections and analysis to arrive at meaningful information with regards to risk-influenced property and casualty insurance financial statement items. The position provides realistic and innovative solutions to financial and other problems for uncertain events to assist management in the decision making process.
What You'll Do
- Develop reserving models, financial projections, contract modeling, and ad hoc analysis in support of overall actuarial goals and objectives.
- Apply knowledge of mathematics, probability, statistics, principles of finance and business to calculations.
- Develop assumptions and methodologies to project costs in the contract year.
- Collaborate with internal departments to determine and obtain relevant data points.
- Review and validate data completeness and accuracy.
- Perform financial forecasts of P&C insurance costs.
- Support the Company's IBNR reserving activities by performing independent actuarial reviews. Understand and apply actuarial valuation and accounting principles. Identify risks and opportunities in the reserving position and monitors the reserve patterns over time.
- Review work prepared by analysts and external consultants to ensure accuracy and consistency of data.
- Support financial forecasting by customizing actuarial models to suit business needs.
- Contribute to team effort by accomplishing related results as needed. Assist with special projects, as needed.
- Analyze pricing and underwriting variables for adequacy, correlation, and loss propensity, and make recommendations accordingly.
- Review and recommend procedure changes; develop documentation and implementation processes for changes as needed.
What You'll Need to be a Top Candidate
Education: College Degree in Actuarial Science, Statistics, Mathematics or similar degree required.
Experience: Five (5) to seven (7) or more years of actuarial experience work preferred in Property & Casualty field; with a minimum of three (3) years required.
Skills & Knowledge:
- Experience leading a small team of analyst preferred.
- Ability to analyze data and develop strategic recommendations.
- Strong organizational skills, including time management.
- Proven knowledge of insurance concepts.
- Knowledge of mathematical concepts and relational databases.
- Tableau, COGNOS, SQL and Access are preferred. Exceptional Excel skills required.
- Excellent documentation, presentation, interpersonal, organization and leadership skills; practiced research skills.
- Skilled in writing reports, business correspondence, work orders and procedure manuals.
- Capability to work with mathematical concepts such as probability and statistical inference.
- Ability to apply concepts to practical situations
- Skill to define problems, collect data, establish facts, and draw valid conclusions
- Ability to interpret an extensive variety of technical data
- Demonstrated ability to learn additional software applications as required.
- Ability to present ideas and information in a clear, concise, organized and diplomatic manner; gather information from multiple parties to ensure all perspectives are heard and considered; listen to others to respond effectively to ideas, thoughts and questions; express information and ideas effectively in settings including aligned or un-aligned feedback to obtain desired results.
- Flexibility in shifting focus or course of action.
- Resourceful in gaining input to solve problems.
Schedule: 8:30-5:30pm Monday-Friday, in-office full-time. #LI-Onsite
Working Conditions: Normal business office environment. Must be able to remain in a stationary position for periods of time while constantly operating a computer and or other office productivity machinery such as a calculator or telephone. The person in this position needs to occasionally move about inside the office to access file cabinets, office machinery or communicate with coworkers.
Travel: Minimum, as required.
ADA: The above statements cover what are generally believed to be the principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of job duties.
American Integrity Insurance Group is an Equal Opportunity Employer