Note: The job is a remote job and is open to candidates in USA. EMPLOYERS is a provider of workers' compensation insurance and services. The Actuarial Analyst II supports the reserving function by preparing quarterly and annual loss reserve analyses, financial statement exhibits, and budget loss-ratio analyses. The role collaborates with Finance, Accounting, Claims, auditors, and other departments while improving reserving processes and managing related projects.
Responsibilities
- Prepare quarterly and annual loss reserve analyses, on a gross and net-of-reinsurance basis, to support company balance sheet liabilities, applying standard actuarial methods (e.g., loss development, Bornhuetter-Ferguson, expected loss ratio) using ResQ and other actuarial reserving systems and internal/external (bureau) data sources
- Partner directly with Finance and Accounting throughout the quarterly close process — reconciling reserve estimates to the general ledger, responding to inquiries, and meeting close deadlines under minimal guidance
- Prepare and review actuarial exhibits and support for quarterly/annual financial statements and actuarial reports
- Respond to requests from other departments and external auditors
- Act as technical/peer reviewer of others' reserving work — verifying calculations, data inputs, and assumptions, and asking probing questions to catch errors before deliverables are finalized
- Identify and implement improvements to reserving processes, exhibits, and documentation that enhance accuracy, reduce error risk, and improve close-cycle efficiency
- Manage reserving-related projects and deliverables, including scheduling, documentation, and tracking against quarterly close deadlines
- Perform analysis supporting the budget loss ratio and other Financial Plan components
- Other duties as assigned or as business needs arise
Skills
- Bachelor's degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business
- Minimum 2 years of actuarial experience [in the property and casualty insurance industry] required; reserving experience strongly preferred
- Demonstrated attention to detail and accuracy, particularly when working with data that feeds directly into financial statements
- Solid working knowledge of Excel, Word, and PowerPoint
- Current knowledge of, or capacity to learn, tools such as SQL, VBA, R, Python, and AI tools (e.g., Claude) to improve actuarial workflows
- Capable of working independently with minimal supervision, and of communicating analysis and issues clearly to management
- Works well in a team-oriented, collaborative environment with effective written and verbal communication skills
- Remote: This role is 100% remote, open to candidates currently located in the United States who are able to work without sponsorship
- Requires a private, quiet workspace suitable for focused work and video collaboration
- Hours: Schedules are set to accommodate the needs of the role and organization, and may be adjusted as needed
- Travel: Occasional travel to off-site locations for meetings may be required
- Successful completion of four or more exams toward ACAS/FCAS strongly preferred
- Familiarity with ResQ or a comparable commercial reserving platform preferred
- Prior experience collaborating with Finance/Accounting, especially during a quarterly or month-end close process, is a plus
Benefits
- 100% remote (WFH) opportunity
Company Overview