Actuarial Consultant

Job Title: P&C Actuarial Consultant

Location: Remote

Job Summary:

The P&C Actuarial Consultant plays a key role in the analysis, monitoring, and reporting of loss and LAE reserves for Personal Lines insurance products. This position reports the VP P&C Reserving and Reinsurance and supports quarterly and annual reserve reviews, provides actuarial insights to management, and partners closely with claims, finance, and underwriting teams. The role requires an understanding of P&C reserving methodologies, increasing actuarial judgment, and the ability to independently execute core reserving analyses.

Key Responsibilities:

Reserving Analysis

• Analyze loss development, claim trends, severity inflation, and mix of business impacts.

• Identify drivers of reserve changes and loss emergence and communicate findings for management review.

• Support quarterly and annual reserve studies using standard actuarial techniques (e.g., chain ladder, Bornhuetter-Ferguson, frequency/severity methods).

• Monitor actual vs. expected loss emergence and identify key drivers of deviations.

• Support the selection of actuarial assumptions with increasing judgment and documentation.

• Provide insight to business partners and executive leadership around trends as part of the annual planning process and quarterly assessments of the business.

Reinsurance Placement and Modeling Support

• Assist in the analysis, placement and ongoing management of reinsurance treaties and facultative arrangements

• Assist with reinsurance renewals, modeling support and exposure analysis

• Compile data for our reinsurance submission for reinsurance placement

• Work with our business partners and our brokers in analyzing and monitoring exposure concentrations and opportunities.

• Assist in the implementation of business solutions using modeling data

• Provide support of claims reporting to our reinsurers for placement

• Provide support for the proper accounting and financial reporting of reinsurance

• Provide support of modeling information for RBC, Capital management, Rating agency reporting, ORSA and others as needed.

Financial & Regulatory Support

• Assist with reserve-related inputs for financial statements, statutory filings, and regulatory reporting.

• Support audit requests by preparing exhibits, reconciliations, and explanations.

• Ensure compliance with actuarial standards of practice (ASOPs).

Collaboration & Communication

• Partner with claims, finance, underwriting, and data teams to understand emerging trends and operational impacts.

• Support responses to management and stakeholder questions regarding reserve changes.

Process Improvement

• Assist in improving reserving tools, models, and automation processes.

• Contribute to documentation and best practices for reserving analyses.

• Support ad-hoc analytical projects as needed.

Qualifications

Education & Experience

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.

• Minimum of 4-7 years of actuarial experience in Property & Casualty insurance Reserving or personal lines pricing experience preferred.

• ACAS or near ACAS with commitment to achieving designation is required.

• Strong proficiency in Excel; experience with VBA, SQL, R, Python, or actuarial software (e.g., ResQ, Arius, or similar) is a plus.

Salary: $105,200.00 - $147,950.00

Horace Mann was founded in 1945 by two Springfield, Illinois, teachers who saw a need for quality, affordable auto insurance for teachers. Since then, we’ve broadened our mission to helping all educators protect what they have today and prepare for a successful tomorrow. And with our broadened mission has come corporate growth: We serve more than 4,100 school districts nationwide, we’re publicly traded on the New York Stock Exchange (symbol: HMN) and we have more than $12 billion in assets.

We’re motivated by the fact that educators take care of our children’s future, and we believe they deserve someone to look after theirs. We help educators identify their financial goals and develop plans to achieve them. This includes insurance to protect what they have today and financial products to help them prepare for their future. Our tailored offerings include special rates and benefits for educators.

EOE/Minorities/Females/Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status

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