Full-Time

Head of Reserving

North America

Posted on 10/25/2024

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Consulting
Financial Services

Compensation Overview

$171.2k - $224.6kAnnually

+ Bonus

Senior, Expert

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Power BI
SQL
Requirements
  • Diverse knowledge and expertise in reserving and risk; profitability assessment, pricing, predictive analytics, and/or cat modeling considered a plus
  • Proficient with data manipulation, modeling, and visualization tools (e.g., SQL, Alteryx, MS Office, Power BI)
  • Strong business aptitude, including written/verbal communication and time management skills
  • Detail-oriented, with strong organizational, analytical, and problem-solving skills
  • Proven ability to balance multiple projects, timelines, and stakeholders
  • Highly motivated, with the ability to work effectively independently and within a team
  • Willingness to get involved at all levels and aspects of the process as necessary
  • Ability to work collaboratively with non-technical, senior insurance professionals
  • Bachelor’s degree in Actuarial, Economics, Statistics, or related field
  • 15+ years of relevant experience
  • Fellow of Casualty Actuarial Society preferred, will consider career-Associate
  • Breadth of experience across specialty lines, commercial lines, and/or reinsurance
  • Demonstrated aptitude with reserving and risk analytics
Responsibilities
  • Lead the profitability analyses using traditional reserving methods for numerous business units, including start-to-finish scheduled analyses, reporting of results to management teams, support during strategy determination, and fulfilment of ad hoc requests & deep-dive analyses
  • Manage a team focused on profitability analyses for North American E&S business
  • Build and maintain relationships with stakeholders and leaders throughout Ryan Specialty and external partners
  • Contribute to components of actuarial analytical evolution, which may include but are not limited to range analysis, large loss modeling, portfolio optimization, trend analytics, and industry benchmarking
  • Partner with actuarial pricing and UW management teams on SWOT analysis for business written
  • Create ad hoc reports, analyses, and data sets to identify and solve business problems
  • Be a champion of risk awareness and contribute to a sound risk awareness culture across Ryan Specialty
  • Regularly communicate with and support insurance partners and their actuarial staff
  • Define compelling business arguments to elicit change on future or existing actuarial issues

Company Stage

IPO

Total Funding

$705.5M

Headquarters

Chicago, Illinois

Founded

2010

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisitions like Innovisk and Castel enhance competitive edge in specialty insurance.
  • Repricing of $1.65 billion term loan improves profitability by reducing interest expenses.
  • Expansion into new Chicago office space increases operational capacity and service delivery.

What critics are saying

  • Integration challenges with acquisitions like Innovisk may lead to operational inefficiencies.
  • Interest rate fluctuations could impact financial stability despite repricing efforts.
  • Dependence on key personnel in acquisitions like Castel poses leadership change risks.

What makes Ryan Specialty unique

  • Ryan Specialty's strategic acquisitions expand its market reach and product offerings.
  • The firm demonstrates effective financial management with successful loan repricing.
  • Ryan Specialty's commitment to growth is evident in its Chicago office expansion.

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