TEAM: ACTUARIAL & ANALYTICS SERVICES – NORTH AMERICA

TITLE: VICE PRESIDENT, HEAD OF RESERVING & CLAIMS ANALYTICS

REPORTING STRUCTURE: SVP & CHIEF ACTUARY, HEAD OF ACTUARIAL & ANALYTICS SERVICES 

JOB LOCATION: REMOTE U.S.A

ABOUT US

Xceedance is a global provider of strategic consulting and managed services, technology, data sciences, and blockchain solutions to insurance organizations. Domiciled in Bermuda, with offices in the United States, United Kingdom, Liechtenstein, Switzerland, Poland, India, and Australia, Xceedance helps insurers launch new products, drive operations, implement intelligent technology, deploy advanced analytic capabilities, and achieve business process optimization.

 Led by the Chief Actuary, Xceedance recently announced the expansion of global Actuarial and Analytics (A&A) Services to better align with the strategic objectives and commitments of insurance organizations. The expanded capabilities, featuring advisory, consulting, and enablement services, include:

• Staff Enablement
• Technology Enablement
• Pricing and Growth Analytics
• Reserving and Claims Analytics
• Data Sciences
• Admitted Market Management

 ROLE AND RESPONSIBILITIES

This role reports directly to the Chief Actuary and is responsible for overseeing the Reserving & Claims Analytics (R&CA) function in North America.  In addition to working independently and in teams on internal initiatives, this role also participates in client engagements, relationship management. 

• Manages team members through global matrix organizational structure
• Works collaboratively with the A&A Account Executive on client engagements and drive usage of A&A services
• Peer reviews work done by other A&A team members
• Leads R&CA R&D initiatives
• Demonstrate Leadership in the insurance industry via
  • Thought leadership articles and white papers
  • Presentations at industry events
  • Participate in podcast/blog discussions
  • Contributing to actuarial literature
• Represent Xceedance at industry events
• Brings technical and subject matter expertise to all R&CA related discussions
• Setting reserves for short and long tailed lines
• As the appointed actuary for clients, create/review and sign Statement of Actuarial Opinion, Actuarial Opinion Summary and Actuarial Report
• Remain current on COPLFR Actuarial Loss Reserves and Loss Reserves Law Manual
• Allocate IBNR as needed to support client initiatives
• Oversees the development and enhancement of reserving tools

WHO YOU ARE

• Self starter
• Collaborative
• Teacher
• Leader
• Loves to learn
• Passionate about process improvement and technology
• See's insurance as a means to making the world a better place
• Comfortable working in a matrix organization
• Can effectively collaborate with C-Suite
• R&D oriented, bringing creative and actuarial sound solutions
• In constant pursuit of a better way
• Thrives in fast pace environment
• Project and process oriented

EXPERIENCE & QUALIFICATIONS

• FCAS
• Strong research and analytical skills
• 15 years+ of insurance industry experience
• Effective verbal and writing communication skills
• Experience in Personal Homeowners & Auto, Commercial Prop, GL, Auto. Exposure to other LOBs and specialty lines preferred
• Performed reserve variability studies
• Created benchmarks to support reserving of immature lines
• Provided claims analytics to claims leadership and influenced the setting of claims reserves and handling best practices
• Created and presented management reports
• Interfaced with Finance, Claims and IT on technology initiatives
• Worked with pricing team to reconcile differences in actuarial assumptions
• Led Risk/Reserving committee meetings and presented to the board (preferred)
• Consulting experience (preferred)
• Experience with stochastic reserving methodologies and best practices (preferred)
• Reinsurance experience (preferred)
• Catastrophe modeling experience (preferred)
• Demonstrated leadership in the insurance industry and/or Actuarial Society Committee (preferred)

LOCATION

• Work from anywhere in the U.S with access to virtual workspace
• Ability to travel 15% to 30% of the time with occasional international trip

COMPENSATION STRUCTURE

• Base Salary
• Bonus
• Paid Time Off
• Full benefits package - Medical, Dental, Vision
• Short & Long-term Disability
• Life Insurance