Vice President

Join our team as the Vice President of Corporate Actuarial, where you will oversee the organization’s actuarial reserving practices and regulatory statistical reporting. In this pivotal role, you will report to the Senior Vice President, Actuarial and Analytics. We offer hybrid work schedule from our corporate office in Columbus, Ohio.

Are you a Referral?

If you know a current Encova Insurance associate and would like to apply as a referral, please encourage them to submit your referral information before you submit your application. You will receive an email with a direct URL link to the Job Posting of interest. Applying through this URL link will create your referral relationship for our Talent Acquisition Team.

Unique residence requirements are listed in each job posting, please review closely for details.

Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes:

Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

The Vice President of Corporate Actuarial is responsible for overseeing the organization’s actuarial reserving practices and regulatory statistical reporting. This role ensures the integrity and accuracy of loss and LAE reserves and manages data submissions to regulatory and industry organizations. The VP of Corporate Actuarial will collaborate with other departments, provide expert guidance, and contribute to the overall financial stability and success of the company.  It is essential to the company’s financial reporting, compliance, and long-term risk strategy.

Key Responsibilities

Loss Reserving & Financial Reporting

• Reserve Estimation: Oversee the estimation of loss and LAE reserves across all lines of business, ensuring they are calculated using sound actuarial methodologies and in compliance with regulatory standards.
• External Reserve Validation & Oversight: Collaborate with external actuarial firms to review, validate, and present independent opinions on reserve adequacy, ensuring compliance with regulatory and internal standards.
• Methodology Development: Maintain and enhance reserving methodologies, including traditional and non-traditional approaches, to ensure accurate reserve estimates.
• Regulatory Compliance: Ensure reserving practices are compliant with statutory, GAAP, and other applicable regulatory requirements.

Regulatory Statistical Reporting

• Regulatory Data Submissions: Oversee the preparation and submission of statistical data to regulatory and advisory organizations such as NCCI, ISO, state insurance departments, and other statistical agents
• Compliance Monitoring: Ensure timely and accurate compliance with data reporting requirements, including validations, edits, and audits from regulatory bodies.

Leadership & Collaboration

• Team Leadership: Lead, mentor, and develop a team that includes actuarial analysts, managers, and non-actuarial roles, fostering a collaborative and high-performance culture.
• Cross-Functional Collaboration: Work closely with underwriting, claims, finance, IT, compliance and senior management to inform business decisions and gain insight into operational strategies and emerging trends.
• External Relations: Serve as the primary actuarial liaison with auditors, regulators, and rating agencies.

Strategic Oversight

• Strategic Planning: Contribute to the development of the company's strategic plans by providing actuarial insights.
• Emerging Risks: Monitor industry trends and emerging risks, adjusting actuarial models and assumptions accordingly.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field, required.
• Fellow of the Casualty Actuarial Society (FCAS) and Member of the American Academy of Actuaries (MAAA) preferred.
• 10+ years of actuarial experience in loss reserving within the property and casualty insurance industry.
• Proficiency in actuarial software and statistical tools (e.g., SQL, SAS, Excel).
• Proven experience in leading and developing actuarial teams.
• Strong verbal and written communication skills, with the ability to present complex actuarial concepts to non-technical stakeholders.

This position has been evaluated in accordance with the Americans with Disabilities Act.  Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it.  This description reflects the nature and level of work performed by associates in this position.  It is not an all-inclusive inventory of duties, responsibilities and qualifications required.  It provides an accurate overview of the work and skills needed to perform this position.  Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons.

Ready to join our team?
At Encova Insurance, we firmly believe that our associates drive our company’s success by delivering unrivaled service to our customers. With success in mind, we make an ongoing effort to provide an environment that offers challenging, stimulating and financially rewarding opportunities.

Join us to discover a work experience where your diverse ideas will be met with enthusiasm – where you can learn and grow to your fullest potential.

What you can expect from us
Join our family of industry leaders, and let us reward you with a competitive salary, bonus and benefits package that includes but is not limited to: a 401(k), wellness programs, bonus incentive plans and flexible schedules, with an early close of the office every Friday. Additionally, Encova aspires to be an outstanding corporate citizen in all the markets we serve; we encourage and support associate participation in community initiatives through our foundations.

Encova Insurance is an EOE/E-Verify employer.