Job Description

About the role:

The Head of Non-Life Reserving – Americas will be responsible for overseeing the reserving function related to PartnerRe’s P&C Americas business and supporting the Head of Non-Life Reserving – Specialty in respect of the Specialty business underwritten in the US. The Head of Non-Life Reserving – Americas will collaborate with the Head of Non-Life Reserving in helping to set the direction for the reserving function, ensuring the tasks performed align with the overall group needs related to establishing actuarial central estimate (ACE) loss and LAE reserves, as well as all the internal and external reporting requirements related to those estimates.

Specific responsibilities will include:

• Oversee a North America-based reserving team and lead the Deep Dive reserve reviews for the Company’s P&C Americas portfolios working closely with underwriters, pricing actuaries and the claims teams to determine appropriate ACE reserves and contribute towards the established of the Management Best Estimate reserves. This role will also support the Specialty reserving team in respect of Specialty business underwritten in the US.
• Act as the deputy to the Head of Non-Life Reserving, supporting them in managing the overall group-wide reserving function.
• Ensure that there is a regular flow of reserving information to and from key stakeholders, including P&C Americas Underwriting, Actuarial Pricing, Claims, Reinsurance Accounting and Finance, as well as Executive Management. Maintain emphasis on feedback loop with Underwriting and Pricing within and outside of the Deep Dives to ensure that they have the benefit of latest reserving information to utilize in forward looking underwriting and pricing decisions.
• Help drive continual performance improvement within the reserving team to ensure it is continually challenged, motivated and engaged. Recruit and mentor team members to assume broader roles within the organization over time.
• Provides sufficient assistance to the Finance teams responsible for internal and external reporting as it relates to the P&C Americas portfolios, contributing as much as necessary to the discussion of results.
• Provide counsel to the head of P&C Americas in managing his portfolios, planning, operational reviews, setting financial targets and assessing the capital needs for the business.
• Sign the Statement of Actuarial Opinion for the US Statutory entity and oversee the provision of actuarial data for the US Statutory filings.
• Help maintain an environment and control system to ensure that ACE and MBE reserves are established in a consistent, timely and accurate manner.
• Collaborate with pricing to integrate pricing data and perspectives into the reserving process and the profitability outlook.
• Support the Head of Non-Life Reserving in improving processes and enhancing effectiveness and efficiency and share knowledge to benefit the broader organization.

Qualifications

About you:

• Good business judgement; an ability to solve complex issues with pragmatic solutions.

• Gravitas ; proven ability to operate effectively at all levels and gain the trust and confidence of colleagues and senior management.

• A strategic thinker who is able to contribute to the development of a broader vision; yet, is able to roll up his / her sleeves to execute the strategy.

• A team builder who fosters open dialogue and collaboration.

• A change agent who will encourage new approaches and will challenge the status quo in a respectful manner.

• An innovative thinker; who will identify opportunities to anticipate and respond to change.

• Good listening skills and an ability to gain buy-in from stakeholders with diverse interests.

• A high level of self-awareness and integrity and a trust for others

Additional Information

Qualifications and Experience Required:

• A university degree in a quantitative discipline.
• Fellow or Associate of the Casualty Actuarial Society (or equivalent)
• A minimum of 15 years of experience in progressively senior actuarial roles with a leading non-life re/insurer. This individual may also have gained experience at an actuarial consulting firm.
• Expert knowledge of a wide range of non-life re/insurance products.
• Demonstrated leadership in developing effective teams. This individual will have experience managing through others as well as coaching and inspiring to unlock potential and possibilities to not only encouraging their team to grow but to also help grow the business
• Experience in dealing with executive level management and contributing to the broader direction of the business.
• Experience developing and implementing reserving models and processes.
• Excellent communication skills. This individual must have the ability to succinctly articulate actuarial concepts to non-actuarial audiences.
• Superior interpersonal skills. Has been successful developing strong relationships with business leaders while maintaining the independence of the actuarial function.
• Experience working in matrix organizations an asset.

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.

Thank you,

PartnerRe Hiring Team