Director of Reserving
WHAT WE'RE LOOKING FOR
Berkshire Hathaway Homestate Companies, Workers Compensation Division, has an immediate need for a Director of Reserving to join its Actuarial team! This individual will oversee the quarterly analysis of loss and loss adjustment expense reserves and provide data to the Finance Department for external financial reporting. This individual will also conduct research into key drivers affecting loss reserves, including emerging types of claims, claim frequency and severity trends, and loss development patterns and diagnostics. The position requires clear and engaging communication of information to Senior Leadership with effective data visuals on a frequent basis.
Reports directly to Chief Actuary.
WHAT WE'RE LOOKING FOR
Berkshire Hathaway Homestate Companies, Workers Compensation Division, has an immediate need for a Director of Reserving to join its Actuarial team! This individual will oversee the quarterly analysis of loss and loss adjustment expense reserves and provide data to the Finance Department for external financial reporting. This individual will also conduct research into key drivers affecting loss reserves, including emerging types of claims, claim frequency and severity trends, and loss development patterns and diagnostics. The position requires clear and engaging communication of information to Senior Leadership with effective data visuals on a frequent basis.
Reports directly to Chief Actuary.
WHO WE ARE
With more than 50 years in business, Berkshire Hathaway Homestate Companies (BHHC) has grown from a regional organization to a national insurance group, offering insurance products from coast to coast. Relationships are the cornerstone of our culture, and we believe in doing the right thing. That means we invest in our business in every way possible to deliver on our mission and demonstrate that people are what powers our success. Our commitment to financial strength and integrity means our customers can rest assured that we will be there when it counts.
At BHHC we embrace diversity and foster an environment where our people can be their authentic selves. Our differences make us stronger and better together, which fosters a harmonious workplace—something we truly value. We’ve created an approachable and collaborative atmosphere. Here you’ll find a welcoming workplace where everyone can feel valued, supported, and inspired to do great work. Together, we raise the bar by being curious, remaining customer-focused, and operating with integrity.
ESSENTIAL RESPONSIBILITIES AND PRINCIPAL ACCOUNTABILITIES
- Manages and directs the work of the reserving team (e.g., Actuaries, Analysts), including keeping everyone on task to complete recurring assignments within tight timeframes.
- Turns data into critical information and knowledge that can be utilized to determine organizational decisions. Presents findings to Senior Leadership.
- Selects actuarial assumptions and methods based on all available sources of data, reviews alternative assumptions, and is prepared to explain and defend assumptions upon review by peers, senior leaders, and non-actuaries.
- Develops and maintains analytical standards and procedures, including peer reviews, to ensure consistency of analysis, execution, knowledge sharing, and documentation.
- Monitors legislative and regulatory activity. Incorporates the effects of benefit and rate changes into actuarial analyses.
- Actively engages with and participates in industry professional organizations and rating committees, representing the company's strategic interests while presenting as an expert thought leader within the professional community.
- Prepares and presents ad-hoc research and reporting.
LEADERSHIP RESPONSIBILITIES
As a member of the Senior Leadership Team (SLT), works collaboratively with members of the SLT to actively champion enterprise initiatives, ensuring the organization’s vision, mission, goals and objectives are operationalized. Models and reinforces organizational values and behaviors in all leadership actions. Relies primarily on substantial experience, discerning judgment, and leadership skills to perform the functions of the job and achieve results in established timelines. Takes an anticipatory approach to solving problems. Ensures that employees understand their level of accountability and takes appropriate action to ensure employees fully understand roles, responsibilities and performance standards and provides ongoing feedback and support. Executes all responsibilities with professionalism and in accordance with the organization’s internal policies, as well as regulatory, financial, and ethical standards.
