Actuarial Manager
Coterie
SQL
Insurance Risk and Actuarial Manager
Instacart
full-time
Posted on:
Location: 🇺🇸 United States
Visit company websiteSalary
💰 $140,000 - $187,000 per year
Job Level
Mid-LevelSenior
About the role
- Actuarial Oversight: Coordinate and oversee IBNR analyses with external actuaries, ensuring methodologies align with company data and business practices.
- Partner with Finance, Accounting, and Legal teams to reconcile actuarial findings with business risk profiles, claims development, and business changes.
- Own and maintain SOX controls related to actuarial reserves, including documentation, testing, and process improvements.
- Review and validate actuarial reports to ensure consistency with claims experience and industry benchmarks.
- Insurance Program Management: Lead annual insurance renewal submissions by compiling exposure data, claims metrics, and actuarial findings.
- Serve as the primary liaison with insurance carriers, brokers, TPAs, and actuaries, ensuring alignment on claims development, reserve adequacy, and program structure.
- Design and support placement of insurance programs, including alternative risk transfer, auto, liability, workers’ compensation, and occupational accident coverage.
- Assess feasibility studies, regulatory considerations, and financial modeling for captive formation and alternative risk financing.
- Claims Metrics & Risk Insights: Develop and maintain claims reporting and dashboards to track frequency, severity, and loss development trends.
- Collaborate with operational and safety teams to identify opportunities for cost reduction and claims process improvements.
- Provide regular updates to senior leadership on program performance, key risk indicators, and opportunities for captive insurance utilization.
Requirements
- Bachelor’s degree in Risk Management, Finance, Accounting, Economics, or a related field (advanced degrees or actuarial credentials preferred).
- 5+ years of experience in corporate risk management, claims analytics, or actuarial oversight.
- Proven ability to analyze large, complex data sets and derive actionable insights.
- Exceptional attention to detail, with strong analytical and organizational skills.
- Ability to manage competing priorities and deliver results under tight deadlines.
