P&C Actuary Director – Reserving
Location
Illinois
Posted
3 days ago
Salary
$190K - $250K / year
Seniority
Lead
Job Description
P&C Actuary Director – Reserving
Allstate
• Own the reserve estimate and continuously improve highly complex actuarial reserving methodologies. • Present at Loss Reserve Committee meetings with clear decision-ready insights. • Benchmark reserving techniques against industry practices to modernize methods. • Serve as a primary contact for auditors, external actuaries, and state departments of insurance. • Review and challenge complex loss reserving techniques and provide expert consultation. • Own end-to-end talent management for an expanded team, including coaching future reserving leaders. • Connect Allstate's vision and strategies to departmental initiatives and lead multi-year plans. • Develop and adhere to internal and external compliance requirements including model governance and AI.
Job Requirements
- Bachelor's degree (preferred); equivalent combination of education and experience will be considered.
- Fellow of the Casualty Actuarial Society (FCAS) or equivalent actuarial designation (required).
- 12+ years of progressive P&C actuarial experience, with meaningful depth in reserving.
- Deep expertise in loss reserving methodologies (chain-ladder, Bornhuetter-Ferguson, Cape Cod, stochastic reserving, individual claim-level models).
- Strong knowledge of insurance reserving frameworks, ERM, capital, and regulatory requirements (GAAP, Statutory).
- Ability to quickly master and apply a broad range of analytical tools, data sources, and software applications.
- Working proficiency with AI, machine learning, and generative AI as applied to reserving and broader actuarial work.
- Familiarity with AI governance and model risk management frameworks.
- Exceptional communication skills — able to craft and deliver clear, compelling, executive-ready messages.
- Proven ability to influence upward, downward, and laterally and coach others effectively.
- Proven leadership experience, including developing people leaders and building high-performing actuarial teams.
- Advanced program management capability, with a track record of independently leading multiple high-complexity initiatives.
Benefits
- Comprehensive technology setup, including a laptop, monitors, headset, keyboard, and mouse.
- Monthly connectivity reimbursement for internet costs.
- Opportunity for travel within local area or to offices regularly.
Related Guides
Related Categories
Related Job Pages
More Actuary Jobs
Role Description We are seeking a highly analytical and detail-oriented Remote Associate Actuary to support actuarial modeling, risk assessment, pricing, and financial forecasting. The ideal candidate will analyze complex data, develop actuarial models, and collaborate with finance, underwriting, and product teams to support strategic business decisions. This role is ideal for candidates who have passed several actuarial exams and are progressing toward professional actuarial credentials. - Perform actuarial analyses related to pricing, reserving, forecasting, and risk management. - Develop and maintain actuarial models to support business and financial decisions. - Analyze claims, policyholder, and financial data to identify trends and opportunities. - Assist in calculating insurance reserves, premium rates, and profitability analyses. - Prepare actuarial reports, presentations, and regulatory filings. - Collaborate with underwriting, finance, product development, and compliance teams. - Validate model assumptions and ensure compliance with actuarial standards and regulations. - Support the completion of professional actuarial exams and ongoing actuarial research. Qualifications - Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative field. - 2–5 years of actuarial experience in insurance, consulting, or financial services. - Completion of 2–5 actuarial exams toward Associate designation (ASA or ACAS) preferred. - Proficiency with Excel, SQL, R, Python, SAS, or similar analytical tools. - Experience with actuarial modeling software is a plus. - Strong analytical, mathematical, problem-solving, and communication skills. - Ability to work independently and collaboratively in a remote environment. Benefits - Competitive pay - Health, dental, and vision insurance - 401(k) with company match - Paid time off and company holidays - Flexible remote work schedule - Actuarial exam support and paid study time - Professional development and certification reimbursement - Home office equipment stipend - Employee assistance program (EAP) - Performance-based bonuses - Career advancement opportunities
• Drive company strategy and manage actuarial expertise in coordination with other leaders on all aspects of CareSource’s actuarial functions. • Oversee actuarial functions and assure the coordination, relevance, and performance in support of CareSource business needs • Hold responsibility for necessary improvements and changes to models, reports, and processes to keep pace with evolving business needs • Support the alignment of Actuarial Services with Finance Department • Support decision making and strategy regarding actuarial inputs to the monthly financial reporting process and reports
Role Description The Philadelphia Health Department of Milliman is looking for a FSA candidate with a minimum five years of relevant healthcare insurance pricing experience to manage projects for a diverse and expanding client base. Candidates with knowledge of Medicare Advantage or the Affordable Care Act will be given preference. Experience with software development and automation is required. Responsibilities - Develop and apply actuarial models to diverse client situations - Manage client projects - Aid in the development of MAPD bids or ACA filings - Help with the training and management of staff - Assist in software development and automation Qualifications - Bachelors or higher - Five years of experience: Experience with Medicare Advantage or the Affordable Care Act preferred - Experience with software development and automation is required Requirements - Required: FSA Benefits - Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners - Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges - 401(k) Plan – Includes a company matching program and profit-sharing contributions - Discretionary Bonus Program – Recognizing employee contributions - Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses - Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis - Holidays – A minimum of 10 paid holidays per year - Family Building Benefits – Includes adoption and fertility assistance - Paid Parental Leave – 11 weeks of paid leave for employees who meet eligibility criteria - Life Insurance & AD&D – 100% of premiums covered by Milliman - Short-Term and Long-Term Disability – Fully paid by Milliman Location This will be a fully remote position. Candidates must be located in the United States. Compensation The overall salary range for this role is $103,500 - $214,820. For candidates residing in: - Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Pennsylvania, Virginia, Washington, or the District of Columbia the range is $119,025 - $214,820 - All other locations the range is $103,500 - $186,800 A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc. Equal Opportunity All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran. Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.
Actuarial Analyst, Entry Level
HumanaHumana Inc. (NYSE: HUM) is a leading U.S. healthcare company. Through our Humana insurance services and our CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare and Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer at Humana.com and at CenterWell.com.
• Provide entry-level actuarial and analytical support for Humana product lines and business areas • Compile, validate, and analyze claims, membership, premium, financial, and operational data • Support pricing, reserving, valuation, forecasting, risk, compliance, and operational analytics • Assist with actuarial models, spreadsheets, dashboards, reports, and recurring analyses • Perform reasonability checks, variance analysis, and actual-to-expected comparisons • Help prepare exhibits, summaries, and documentation for internal reviews, audits, regulatory filings, or business planning • Document data sources, assumptions, methods, calculations, and results • Communicate findings clearly to actuarial team members, leaders, and business partners • Follow actuarial standards, internal controls, confidentiality requirements, and documented procedures • Manage assigned work priorities, meet deadlines, seek guidance when needed, and escalate unusual results or issues • Participate in Humana’s Actuarial Professional Development Program and continue progress toward actuarial credentials



