Selective Insurance Company of America

  • Senior VP - Actuarial Reserving

    Experience (Years)
    Full-Time Regular
    FLSA Status
    Job ID
    Travel %
    Relocation Cost
    Auto Reimbursement
  • Overview

    Provides strategic & daily leadership to our actuarial staff involved in loss and LAE reserving, ceded reinsurance pricing, claims analytics, and financial reporting. Validates actuarial and quantitative techniques used to determine reserves. Monitors laws and regulations applicable to actuarial practices and insurance operations, and competitive developments in the marketplace. Provides counsel to senior management on appropriate course of action for reserving and ceded reinsurance decisions.


    • Leads staff in the production of actuarial analyses and models relating to loss and LAE reserve analysis and reinsurance pricing.
    • Perform quarterly reserve analysis and recommendations to management, including Board presentations and discussions with rating agencies and auditors.  Provide information to auditors in regards to reserve analysis and trends.
    • Monitor developments in actuarial practices and insurance operations to ensure actuarial and quantitative analysis methods are up-to-date, accurate, and producing valuable results from which to make good business decisions.
    • Partner with claims management, providing them key metrics and insights into relevant claims trends.  Understand changes in claims practices and assess their impacts to the company and its results.
    • Assist in the design of ERM models which are used to make business decisions, including capital allocation, reinsurance retention and limits, and profit provisions for pricing. Participate as a member of the company’s emerging risks committee.
    • Provide reinsurers and brokers with information necessary to price ceded reinsurance treaties.  Provide pricing estimates to the ceded reinsurance department which estimate our internal costs for the various coverage layers in order to make better buying decisions.
    • Prepare and maintain accident year results used to manage our business.  Duties include the production of quarterly and ad hoc management reports.  This includes preparing and validating various inputs used in the company’s financial plan.
    • Support statutory and GAAP reporting by providing IBNR related schedules and disclosures, including Schedule P, reserve ranges, reserve sensitivity analyses, and associated narratives.
    • Continuously improve quality of staff through training, rotation and support of the actuarial exam process.
    • Manage a staff of programmers which have considerable business knowledge and are responsible for supplying information throughout the actuarial department.
    • Work with commercial and personal lines pricing units to keep key assumptions up to date and consistent across all actuarial reports and analyses. 
    • Develop constructive relationships with corporate and regional UW, fostering positive two-way communication.  Effectively utilize these relationships to develop business solutions and influence the organization.



    • College degree in Mathematics, Actuarial Science, Statistics, or Economics
    • FCAS (Fellow of the Casualty Actuarial Society) required
    • 10+ years experience in Property/Casualty Commercial Lines Reserving with at least 5 years in a leadership
    • Must be able to effectively communicate with all levels in the organization, resolve conflict, and gain cooperation/consensus among competing interest groups.
    • Must have significant knowledge of reserving techniques, and preferably experience in statutory and GAAP financial reporting.
    • Pricing and/or reinsurance experience is a plus.


    Selective is an Equal Employment Opportunity employer. Selective maintains a drug-free workplace.


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