Actuarial Manager (Hourly) at Baker Tilly Advisory Group, LP in Philadelphia, Pennsylvania

Job Description:

Overview



Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world's leading financial centers - New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms.


Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 territories, with 43,000 professionals and a combined worldwide revenue of $5.2 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram.


Please discuss the work location status with your Baker Tilly talent acquisition professional to understand the requirements for an opportunity you are exploring.


Baker Tilly is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status, gender identity, sexual orientation, or any other legally protected basis, in accordance with applicable federal, state or local law.


Any unsolicited resumes submitted through our website or to Baker Tilly Advisory Group, LP, employee e-mail accounts are considered property of Baker Tilly Advisory Group, LP, and are not subject to payment of agency fees. In order to be an authorized recruitment agency ("search firm") for Baker Tilly Advisory Group, LP, there must be a formal written agreement in place and the agency must be invited, by Baker Tilly's Talent Attraction team, to submit candidates for review via our applicant tracking system.




Job Description:




Actuarial Manager (Business Risk Services)




Responsibilities



Are you interested in joining one of the fastest growing consulting and accounting firms in the country?


Would you like the ability to join a highly dynamic team focused on providing exceptional client service in the areas of risk and advisory?


If yes, consider joining Baker Tilly (BT) as an Actuarial Manager! Our Risk Advisory practice provides a full spectrum of services to help our clients assess their risks, develop strategies to compete in an ever-changing business environment, and achieve their goals and objectives. All of this is accomplished through deep industry knowledge of risk, governance, internal audit, compliance, IT, and cybersecurity best practices.


As one of the fastest growing firms in the nation, BT has the ability to offer you upward career trajectory, flexibility in how and where you get your work done and meaningful relationships with clients, teammates and leadership who truly care about you and your development.


Does this describe you?


Support team in leading and building the actuarial services practice as a component of the firm's overall insurance services practice, including:

• Interface with, and support, audit, tax and consulting professionals in the insurance services practice

For the following responsibilities of the team, the incumbent will provide actuarial support:

• Serve as the actuarial subject matter expert on specific client engagements, including audit support, regulatory consulting support, internal audit support and direct consulting to insurance companies.


• Collaborate with audit, tax and consulting professionals to bring to bear coordinated services to the firm's insurance industry clients.


• Conduct independent analysis of insurance company loss and loss adjustment expense reserve estimates by reviewing company calculations, performing independent calculations and modeling to develop a range of estimates.


• Document results through written reports and detailed work paper documentation.


• Evaluate an insurance company's compliance with actuarial standards and state/NAIC insurance regulations.

Audit support including:

• Independent actuarial analyses in support of audit opinions of the financial statements of insurance companies


• Peer reviews of actuarial reports and statements of actuarial opinion of other actuaries to evaluate the reasonableness of the data, methods, and assumptions and to confirm that all applicable actuarial standards were followed


• Risk transfer analyses of reinsurance contracts and compare them to applicable accounting and regulatory standards

Regulatory consulting support including:

• Serve as the actuarial subject matter expert in connection with state insurance department financial condition examinations, which focus on risk and solvency


• Review the reasonableness of actuarial opinions issued by a company's appointed actuary


• Conduct independent analysis of insurance company reserve estimates, including developing an independent range of estimates


• Identify and assess risks and risk mitigation strategies, including critical risk categories such as:


• Appropriateness of the reinsurance program


• Appropriateness of underwriting guidelines


• Pricing adequacy


• Accuracy of reserving data


• Reserve adequacy, including premium deficiency reserves


• Conduct actuarial related exam procedures, document exam procedures and report on results


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Actuarial consulting directly to companies, including services such as reserve analysis, reserve certification, review of underwriting guidelines, pricing adequacy analysis, evaluation of actuarial process, systems, and controls, ERM, ALM, ORSA, internal audit, reinsurance analysis, etc.


Evaluate economic capital models, capital adequacy models, stress testing, RBC analysis and other quantitative analysis.

Qualifications

• Approx. 5+ years of relevant experience


• Bachelor's required, advanced degree preferred


• FCAS, ACAS, FSA or ASA


• Excellent actuarial technical proficiency, including excellent knowledge of, and application of, various actuarial modeling techniques and software applications


• Experience in establishing and evaluating loss reserve estimates, financial modeling and analysis, risk management, product development, product pricing, reviewing reinsurance contracts and ALM


• Excellent client relationship skills


• Strong sense of urgency and client responsiveness


• Ability to travel


• Must comply with firm ethical and professional standards


• Excellent written, verbal and listening communication skills


• Ability to manage time within established budgets


• Knowledge of relevant GAAP, SAP and IFRS insurance accounting standards

The compensation range for this role is $85.00 to $100.00 per hour. Actual compensation is influenced by a variety of factors including but not limited to skills, experience, qualifications, and geographic location. Apply Now