P&C Actuary Job at RSM, Chicago, IL

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  • RSM
  • Chicago, IL

Job Description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally. There’s no one like you and that’s why there’s nowhere like RSM.

Actuary - Property & Casualty

Risk & Regulatory Consulting, LLC

Work from home-any US location

Position Overview

As a P&C Actuary you will work with a team of industry professionals on regulatory consulting and other insurance related engagements. In this exciting role, you will provide insights to insurance regulators and have a meaningful impact on the insurance marketplace. This position has opportunity for advancement as well as personal and professional growth.

Specific Duties and Responsibilities

Serve as part of the actuarial subject matter expert team on client engagements which include:

  • Identifying and assessing significant reserving, pricing/underwriting, capital and reinsurance risks that could impact property/casualty insurer’s financial strength as part of risk-focused financial examinations;
  • Reviewing rate filings that rely on complex models to assess reasonableness of overall rate indication, modeling approach, and compliance with regulatory requirements;
  • Assisting audit teams with assessing the reasonableness of financial statement accruals;
  • Assisting on special projects such as industry research and market conduct examinations;
  • Coordinate internal resources, advise project team on potential solutions and strategies to meet project goals and client needs;
  • Document observations and conclusions and ensure all work adheres to actuarial standards of practice;
  • Communicate effectively with clients and cross-functional project teams; and
  • Adhere to project budget and timelines.

We also expect the following business and practice development efforts:

  • Cultivate and nurture client relationships to create awareness of Firm capabilities to help generate incremental business;
  • Enhance tools and templates in place to ensure efficiency and excellence in our work;
  • Contribute to the intellectual capital of the practice and the Firm.

Requirements

  • Bachelor's Degree in Mathematics, Actuarial Science, Economics, or Statistics
  • Minimum of 5+ years professional experience in a Property and Casualty insurance company, financial services or consulting firm
  • Knowledge of reserving, pricing, ratemaking, capital modeling, and/or enterprise risk management
  • Experience working in public accounting or consulting firm with complex modeling, regulatory consulting and/or audit support experience is preferred
  • ACAS, FCAS, MAAA, designations preferred
  • Experience with personal lines, commercial lines, and reinsurance preferred
  • An understanding of insurance rates and regulatory requirements for supporting reserve levels
  • Experience with machine learning and AI tools is a plus
  • Demonstrated problem solving skills
  • PC skills, including experience in using software for producing presentations, spreadsheets, and project planning (skills in TeamMate, Access, Visual Basic, MS Excel and other applications)
  • Ability to interact with all levels including executives and senior managers
  • Strong interpersonal, presentation, analytical and statistical sampling skills
  • Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments
  • Exceptional written and verbal communication skills
  • Dynamic/flexible demeanor with exceptional client service skills
  • Self-motivated with a sense of ownership and pride in their work
  • Ability to travel on occasion
  • Knowledgeable about Actuarial Standards of Practice and Actuarial Code of Conduct
  • Ability to demonstrate ethical and professional standards as outlined by the Firm

At RSM, we offer a competitive benefits and compensation package for all our people. We offer flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients. Learn more about our total rewards at .

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership. RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com .

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records in accordance with the requirements of applicable law, including but not limited to, the California Fair Chance Act, the Los Angeles Fair Chance Initiative for Hiring Ordinance, the Los Angeles County Fair Chance Ordinance for Employers, and the San Francisco Fair Chance Ordinance. For additional information regarding RSM’s background check process, including information about job duties that necessitate the use of one or more types of background checks, click here .

At RSM, an employee’s pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $73,500 - $139,700

Individuals selected for this role will be eligible for a discretionary bonus based on firm and individual performance.

Job Tags

Full time, Work experience placement, Internship, Local area, Flexible hours,

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