Claim Reserves Actuarial Manager

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Where good people build rewarding careers.

Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.

Job Description

Job Summary:

The Claim Reserves Actuarial Manager is responsible for developing information and providing analysis necessary for the estimation of loss and expense reserves for a particular business unit.  The Claim Reserves Manager provides expert level analysis and execution of reserving processes and programs to achieve department objectives.   In addition, this position is responsible for developing, implementing, managing and communicating complex reserve position action plans.  This position may be responsible for managing direct reports.

Key Responsibilities
  • Directs and is responsible for work that needs to be performed by a team or their direct reports
  • Responsible for estimating loss and expense reserves for a business unit using highly complex loss reserving techniques and analysis 
  • Reviews and makes observations of appropriateness of highly complex loss reserving techniques for specific lines of business
  • Defends the application of a particular method or judgment used to produce an estimate of the reserve position
  • Suggests and implements revisions and enhancements to reserve projection techniques 
  • Serves as a subject matter expert for their respective discipline from an internal perspective
  • Develops highly complex information and analysis necessary to support completion of department objectives and projects
  • Gathers feedback from the business units on reserve position findings
  • Reviews, prepares and coordinates the preparation, analysis, and presentation of information pertaining to reserve action plans to the business unit and other key stakeholders
  • Provides information to external auditors and actuaries
  • Prepares drafts for required financial disclosures
  • Manages complex, technical reserving research projects and participates in project budget and prioritization conversations 
  • Provides expert consultation on highly complex reserving issues
  • Identifies and resolves complex data issues
  • Trains/coaches team members or peers and actively shares expertise with peers
  • Adheres to internal and external compliance requirements/standards
  • Understands and articulates market specific implications of complex business strategies
  • Leads the development of new procedures and processes of moderate to high complexity
  • Executes performance management for their direct reports and provides feedback on other project team members that contributes to performance management
  • Assesses resource needs including skills and training requirements 

Supervisory Responsibilities:

  • This job may have supervisory duties.
Job Qualifications

Education and Experience 

  • Bachelor’s degree required – preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics, economics
  • Seven or more years of loss and expense reserve estimation experience required 

Certificates, Licenses, Registrations

  • Fellowship or Associateship of the Casualty Actuarial Society required

Functional Skills

  • Advanced knowledge in the use of data sources and applications to conduct research
  • Possesses advanced working knowledge of policies and procedures in management or other technical fields
  • Strong Computer proficiency in Microsoft Office; Advanced – Excel skills
  • Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels
  • Working knowledge of GAAP and Statutory Accounting principles
  • Good presentation skills
  • High level organizational and project management skills in order to handle multiple concurrent assignments in a timely manner
  • Strong decision-making skills
  • Works effectively in a team environment

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

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Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

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