Manager – Actuarial Reserving

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Logo of Mercury Insurance

Mercury Insurance

5001 - 10000 employees

Founded 1962

💸 Finance

👥 B2C

Insurance • Finance • B2C

Mercury Insurance is a leading provider of insurance products, focusing on protecting individuals and their assets with a commitment to privacy and customer service. The company operates through independent agents and offers a range of insurance services including auto, home, and other personal insurance products. Mercury Insurance prioritizes the security of personal information and compliance with privacy laws, ensuring that customer data is handled with care and only shared when necessary for account servicing or as legally required.

📋 Description

• Lead quarterly and annual reserve analyses for multiple P&C lines of business. • Evaluate reserve adequacy and analyze loss development trends. • Prepare reserve recommendations and support statutory and management reporting. • Collaborate with external actuaries on reserve studies, actuarial reviews, and reporting requirements. • Partner with Claims, Underwriting, and Finance teams to identify emerging trends and assess business impacts. • Maintain and enhance reserving models, methodologies, and supporting documentation. • Train and mentor Financial Analysts on actuarial reserving techniques and best practices. • Support audits, regulatory reviews, and actuarial reporting requirements. • Identify opportunities for process improvement and automation within the reserving function.

🎯 Requirements

• Minimum: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or related field. • Preferred: ACAS, FCAS, or progress toward actuarial designation preferred. • Minimum: 5+ years of P&C actuarial or reserving experience. • Strong understanding of P&C loss reserving methods and financial reporting. • Proficiency in actuarial and analytical tools, including Excel, SQL, and WTW ResQ. • Strong analytical skills with the ability to evaluate complex loss development data and reserve adequacy. • Effective written and verbal communication skills, including the ability to present findings to Finance and executive leadership. • Leadership and mentoring skills with the ability to develop and guide analytical staff. • Ability to exercise independent judgment on matters of significance. • Collaborative approach to working across cross-functional teams and with external partners.

🏖️ Benefits

• Competitive compensation • Flexibility to work from anywhere in the United States for most positions • Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours) • Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus) • Medical, dental, vision, life, and pet insurance • 401 (k) retirement savings plan with company match • Engaging work environment • Promotional opportunities • Education assistance • Professional and personal development opportunities • Company recognition program • Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more

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