Reserving Analyst

Job Location : Location
US-FL-Tampa

Our Company

About Us:

American Integrity Insurance, the premier writer of Florida homeowners insurance, has more than 290,000 customers and is exclusively represented by more than 1,000 independent agents who specialize in this complex and ever-evolving market. We offer sound and comprehensive home, condo, rental property and manufactured home insurance to families throughout the Sunshine State. Comprised of nearly over 220 insurance professionals, most of whom work in our Tampa-area headquarters, we have been recognized as a Top Place to Work in Tampa by the Tampa Bay Times and a Best Places to Work in Insurance by Business Insurance magazine for the past three years.

 

A Day in the Life:

Who Says Insurance Can’t Be Fun? From company picnics to charity events, no one can ever say American Integrity Insurance doesn’t understand the importance of having fun, helping others and giving back. Our company culture is priceless, and we hold true to our six core values: integrity, commitment, teamwork, humility, passion and fun. As a team working to provide home insurance solutions to our policyholders, together we aim to achieve greater heights each day and celebrate each other's accomplishments along the way. It is our mission to continue providing reliable, customer-centric homeowners insurance to Florida residents and paying claims in a timely manner when our customers suffer a loss – and to do so with Integrity.

 

Learn more about American Integrity Insurance and our job opportunities at www.aiicfl.com.   

This Job

Title: Reserving Analyst

 

You'll Report to: Pricing Manager

 

The Reserving Analyst evaluates the company's reserve levels as well as provide product research and development through in depth analysis of pricing and underwriting variables to include modeling, loss ratio relatives, and similar analysis and provides product recommendations accordingly. Develops business requirements based on product, marketing, and underwriting needs. 

What You’ll Do

  • Prepares reserve analysis based on loss triangles and develop estimates for future losses. 
  • Assists in preparation of quarterly and annual financial submissions. 
  • Analyzes pricing and underwriting variables for adequacy, correlation , loss propensity and makes recommendations accordingly. 
  • Performs multi - variate analysis and other complex modeling of data. 
  • Analyzes company capacity for risk and advises potential target risks and locations. 
  • Processes accurate and well documented business requirements fora ll changes. 
  • Files any underwriting or rating changes with the OIR with complete and adequate data support. 
  • Performs all tasks using established quality control procedures and checklist. 
  • Tests changes for accuracy and document discrepancies. 
  • Issues appropriate paperwork for all system rating, run, or processing errors. 
  • Follows -up to ensure corrections are made timely and accurately. 
  • Assists internal partners with rating/manual rules inquiries. 
  • Independently works on support new products and features. 
  • Reviews and recommends procedure changes; develops documentation and implementation processes for changes as needed. 
  • Performs project management for product development efforts outside the department on an as-needed basis. 
  • Identifies and resolves rating discrepancies. 
  • Takes and passes actuarial exams as developed with manager. 

What You’ll Need to be a Top Candidate

EducationBachelor’s Degree in Mathematics, Finance, Actuarial Science or equivalent education and experience required.

 

ExperienceTwo (2) to five (5) years of Personal Lines Property reserving experience.

 

Skills & Knowledge:

  • Proven knowledge of insurance concepts.
  • Knowledge of mathematical concepts and relational databases.
  • COGNOS, SQL and Access are preferred.  Exceptional Excel skills required.
  • Excellent documentation, presentation, interpersonal, organization and leadership skills; practiced research skills.
  • Skilled in writing reports, business correspondence, work orders and procedure manuals.
  • Capability to work with mathematical concepts such as probability and statistical inference.
  • Ability to apply concepts to practical situations
  • Skill to define problems, collect data, establish facts, and draw valid conclusions
  • Ability to interpret an extensive variety of technical data
  • Demonstrated ability to learn additional software applications as required.
  • Ability to present ideas and information in a clear, concise, organized and diplomatic manner; gather information from multiple parties to ensure all perspectives are heard and considered; listen to others to respond effectively to ideas, thoughts and questions; express information and ideas effectively in settings including aligned or un-aligned feedback to obtain desired results.
  • Flexibility in shifting focus or course of action.
  • Resourceful in gaining input to solve problems.
  • Strong working knowledge of basic ratemaking required.

Your Environment

Working Conditions: Normal business office environment.  Must be able to remain in a stationary position for periods of time while constantly operating a computer and or other office productivity machinery such as a calculator or telephone.  The person in this position needs to occasionally move about inside the office to access file cabinets, office machinery or communicate with coworkers. 

 

Travel: Minimum, as required

 

ADA: The above statements cover what are generally believed to be the principal and essential functions of this job.  Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of job duties.  

 

American Integrity Insurance Group is an Equal Opportunity Employer

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