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Manager – Insurance Advisory
2 months ago
Job Summary
BDO’s Insurance Advisory group provides a broad range of risk analysis services related to insurance, such as automobile liability, general liability, workers compensation, life, medical, Medicare, Medicaid and long-term care Major offerings include services related to: Reserve Analysis, Claims Operational Analysis, Mergers & Acquisitions, Product Design & Pricing, Predictive Analytic, Fraud Detection, Litigation Support, Regulatory Assistance, Reinsurance, and Enterprise Risk Management. We also provide a wide array of additional consulting services regarding financial reporting and audit related matters, captive feasibility studies, transfer pricing, IRS tax disputes involving insurance reserves, cash flow projections, funding studies, allocation schemes, and retrospective rating plan premium accrual calculations. Our professionals regularly provide advice, consulting, and audit support services to every segment of the insurance industry including insurers, reinsurers, regulators, captives, third-party administrators, agents and brokers, and bureaus and associations.
Job Duties
- Builds strong relationships with internal and external clients
- Develops an awareness of Firm services
- Approaches client in an organized and knowledgeable manner
- Delivers clear requests for information
- Demonstrates flexibility in prioritizing and completing tasks
- Budgets and forecasts for large engagements
- Manages traditional loss reserving and ratemaking projects, establishes and implements engagement work-plans, and conducts other risk-analysis related-projects that may include one or more of the following areas in response to client requests:
- Economic capital model validation
- Enterprise risk framework consulting
- Financial performance reviews
- Predictive modeling and machine learning
- Merger and acquisition valuations
- Reinsurance program review
- Leads project management teams, including guiding the work performed by our managers and associates, completing assignments with minimal supervision, and providing feedback and performance coaching to engagement team members
- Functions as the health actuarial subject matter expert on client engagements
- Builds relationships across consulting teams within BDO promoting synergies and mutual respect
- Other duties as required
Supervisory Responsibilities
- Directs project management teams, including guiding the work performed by associates, completing assignments with minimal supervision, and providing feedback and performance coaching to engagement team members
- Leads teams which includes, but is not limited to: supervising teams to create an atmosphere of trust; seeking diverse views to encourage improvement and innovation; participating in various staff recruitment and retention activities; and coaching staff including providing timely meaningful written and verbal feedback
- Models professional behaviors, mentoring the team on issues involving professionalism, integrity, quality performance, and personal development
- Acts as Career Advisor to subordinate professionals
Qualifications, Knowledge, Skills and Abilities
Qualifications
- Bachelor’s degree, required; degree with documented concentrations academic background in Actuarial Science, Applied Statistics, Financial Analysis, Insurance, Economics, Mathematics or relevant quantitative discipline, preferred
- .
Experience
- Seven (7) or more years of experience in the Actuarial and/or insurance field, required
- Demonstrated knowledge of multiple insurance lines, required
- Strong analytical and basic research skills related to the retrieval and organization of high volumes of information, required
- General knowledge of Property & Casualty and/or Health products, required
- General knowledge of life and annuity products, preferred
- Experience with embedded value and financial projection techniques, preferred
License(s)/Certification(s)
- Associate of the Society of Actuaries (ASA), Associate of the Casualty Actuarial Society (ACAS), or similar, required
- Fellow of the Society of Actuaries (FSA), Fellow of the Casualty Actuarial Society (FCAS), or similar, preferred
Software
- Proficiency using computer software such as Excel, Word & Access, preferred
- Programming experience with R and/or other statistical software, preferred
- Expertise in statistical modeling techniques such as regression, GLM, cluster analysis; principal mechanisms; feature creation; and validation, preferred
Other Knowledge, Skills & Abilities
- Excellent verbal and written communication skills
- Resolute in the pursuit to create and improve methodology, products, and operational procedures
- Capable of researching and applying accounting pronouncements in a business context
- Solid organizational skills especially ability to meet project deadlines with a focus on details
- Capacity to successfully multi-task while working independently or within a group environment
- Models professional behaviors, mentoring the team on issues involving professionalism, integrity, quality performance, and personal development
- Aptitude to build and maintain strong relationships with internal and client personnel
- Ability to foster a collegial work environment
- Demonstrated ability and commitment to consistently delivering exceptional client service
- Demonstrates expertise with, and/or a strong interest in performing in a role emphasizing engagements that utilize detailed analytical and creative problem-solving skills related to the insurance value chain in the following areas, preferred:
Financial, Risk, or Capital Modeling;
Data Analytics;
Predictive Modeling; and
Machine Learning