Vice President, Actuary - Reserving
A nationally recognized insurance organization is seeking a strategic and experienced actuarial leader to oversee its reserving practices and regulatory reporting functions. This executive-level role is instrumental in ensuring the accuracy of financial reserves, maintaining compliance with regulatory standards, and supporting enterprise-wide decision-making through actuarial insight.
Role Overview
Reporting to the Senior Vice President of Actuarial and Analytics, the Vice President, Actuary will lead a high-performing team responsible for loss reserving, financial reporting, and regulatory data submissions. This role is central to the organization's financial integrity, risk management, and long-term strategic planning.
Key Responsibilities
Loss Reserving & Financial Reporting
- Lead the estimation of loss and loss adjustment expense (LAE) reserves across all business lines using sound actuarial practices.
- Collaborate with external actuarial consultants to validate reserve adequacy and ensure compliance with internal and regulatory standards.
- Enhance and maintain reserving methodologies, incorporating both traditional and innovative approaches.
- Ensure compliance with statutory, GAAP, and other applicable financial reporting requirements.
Regulatory Statistical Reporting
- Oversee the preparation and submission of statistical data to regulatory and industry bodies.
- Monitor compliance with data reporting standards, including audits, validations, and edits from regulatory agencies.
Leadership & Collaboration
- Manage and mentor a multidisciplinary team of actuarial and non-actuarial professionals.
- Partner with departments such as underwriting, claims, finance, IT, and compliance to align actuarial practices with business objectives.
- Serve as the primary actuarial contact for auditors, regulators, and rating agencies.
Strategic Oversight
- Contribute actuarial expertise to corporate strategic planning and risk management initiatives.
- Monitor industry trends and emerging risks, adjusting assumptions and models as needed.
Qualifications
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Fellow of the Casualty Actuarial Society (FCAS) and Member of the American Academy of Actuaries (MAAA) preferred.
- 10+ years of actuarial experience in property and casualty insurance, with a strong focus on reserving.
- Proven leadership experience managing actuarial teams.
- Proficiency in actuarial and statistical tools such as SQL, SAS, and Excel.
- Strong communication skills with the ability to present complex actuarial concepts to non-technical stakeholders.
FAQs
Congratulations, we understand that taking the time to apply is a big step. When you apply, your details go directly to the consultant who is sourcing talent. Due to demand, we may not get back to all applicants that have applied. However, we always keep your CV and details on file so when we see similar roles or see skillsets that drive growth in organisations, we will always reach out to discuss opportunities.
Yes. Even if this role isn’t a perfect match, applying allows us to understand your expertise and ambitions, ensuring you're on our radar for the right opportunity when it arises.
We also work in several ways, firstly we advertise our roles available on our site, however, often due to confidentiality we may not post all. We also work with clients who are more focused on skills and understanding what is required to future-proof their business.
That's why we recommend registering your CV so you can be considered for roles that have yet to be created.
Yes, we help with CV and interview preparation. From customised support on how to optimise your CV to interview preparation and compensation negotiations, we advocate for you throughout your next career move.