P&C Actuary Director – Reserving

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Take ownership of the reserve estimation process and consistently enhance intricate actuarial reserving methodologies.

• Deliver presentations at Loss Reserve Committee meetings with well-prepared, actionable insights.

• Evaluate reserving methods against industry standards to modernize practices.

• Act as the primary liaison for auditors, external actuaries, and state insurance departments.

• Analyze and challenge complex loss reserving techniques while providing expert guidance.

• Manage end-to-end talent development for an expanded team, including mentoring future reserving leaders.

• Align Allstate's vision and strategies with departmental goals and spearhead multi-year initiatives.

• Develop and comply with both internal and external regulatory requirements, including model governance and AI.

⛳️ Requirements

• Preferred bachelor's degree; an equivalent combination of education and experience will be accepted.

• Required Fellow of the Casualty Actuarial Society (FCAS) or an equivalent actuarial credential.

• Over 12 years of progressive actuarial experience in P&C, with significant expertise in reserving.

• Extensive knowledge of loss reserving methodologies, including chain-ladder, Bornhuetter-Ferguson, Cape Cod, stochastic reserving, and individual claim-level models.

• Strong understanding of insurance reserving frameworks, enterprise risk management, capital, and regulatory standards (GAAP, Statutory).

• Ability to rapidly learn and utilize a diverse array of analytical tools, data sources, and software applications.

• Proficient in AI, machine learning, and generative AI as related to reserving and broader actuarial functions.

• Familiarity with AI governance and model risk management frameworks.

• Outstanding communication skills — adept at crafting and delivering clear, persuasive, executive-level messages.

• Proven capability to influence colleagues at all levels and effectively coach others.

• Demonstrated leadership experience, including the development of future leaders and constructing high-performing actuarial teams.

• Advanced program management skills, with a history of independently managing multiple high-complexity projects.

🏝️ Benefits

• Comprehensive technology setup, which includes a laptop, monitors, headset, keyboard, and mouse.

• Monthly reimbursement for internet connectivity costs.

• Opportunities for local or office travel on a regular basis.