The Chinese Actuarial - Career Opportunities

Assistant Vice President & Actuary opening in New York. Assist the Chief Actuary in the management of the Actuarial Department in all actuarial and actuarial-related projects, with a special focus on the quarterly and year-end loss reserving activities of the department and in the actuarial support of rate filing activities by State Filings unit. Develops an understanding of insurance company operations and actuarial knowledge at a more advanced level for current and future application to company pricing and reserving issues, as well as for enhanced professional development. Responsible for supervising loss reserving activities, summarizing results and recommendations to Chief Actuary, coordinating delivery of reserving figures to Finance Department. and Home Office, and answering questions regarding reasoning/source of reserve recommendations. Responsible for: develop a strong working knowledge of the in-house templates and data sources used to perform analyses of IBNR loss and LAE reserve levels; supervise the allocation of reserve amounts to the region, branch, and underwriting team level and the communication of those results to Corporate Planning and Field Underwriting departments; keep abreast of regulatory rate filing requirements in each state as they pertain to rate filings requiring actuarial support, and providing such support to the State Filings unit as needed; work with Corporate Underwriting department in the development of new products or refinement of existing products, with regard to rate impact and rate filing requirements; manage various members of actuarial staff as assigned. FCAS/near FCAS or ACAS with 12+ years experience in a primary property and casualty insurance company or actuarial consulting firm environment, preferably with both personal lines and commercial lines experience, 2+ years of management experience, ability to interface effectively with all levels of staff and management. Salary $open. (PR5156*)