Director, Reserving

Job Description
The Director of Reserving will provide senior actuarial leadership for the Property & Casualty reserving function. This individual will be responsible for ensuring the accuracy, integrity, and transparency of loss and loss adjustment expense reserves. The role requires a high degree of technical expertise, strong governance discipline, and the ability to communicate complex reserving matters effectively to executive leadership and external stakeholders. The Director will also oversee process improvements, control enhancements, and the overall operational effectiveness of the reserving function.

Department
Analytics

Work Arrangement

Employees who live within 30 miles of the TMG home office are expected to follow a hybrid or in‑office schedule. The initial training period may require additional in‑office days.

Reserving Process

Ensure reserves are accurate, well‑supported, and compliant with regulatory standards

Maintain robust governance, controls, and documentation for the reserving process

Oversee reserve studies, actuarial models, and diagnostic testing to validate assumptions

Partner with Finance on financial close processes, reserve changes, and audit support

Ensure reserving practices adhere to actuarial standards of practice (ASOPs) and internal policies

Drive consistency and transparency across methodologies and assumptions

Analytics, Insights & Decision Support

Collaborate with Underwriting and Claims to understand portfolio trends and operational drivers

Support enterprise initiatives such as reinsurance strategy, capital management, and financial planning

Contribute to enhancements in data, modeling capabilities, and analytics infrastructure

Provide insights that influence pricing strategy, risk selection, and business decision‑making

Participate in strategic planning and help shape the company's reserving philosophy and long‑term financial outlook

Identify and evaluate emerging trends, development patterns, and sources of volatility

Translate actuarial findings into actionable recommendations for senior leadership

Provide analytical support for strategic planning, capital allocation, and business initiatives

Enhance analytical capabilities to improve forecasting, scenario testing, and risk quantification

Leadership & Actuarial Capability Development

Provide technical direction and quality review of actuarial work products

Promote best practices, professional development, and continuous improvement within the team

Communicate complex actuarial concepts clearly to executive leadership and non‑technical stakeholders

Represent the reserving function in interactions with auditors, regulators, and rating agencies

Qualifications

FCAS and 8+ years of actuarial experience in property & casualty insurance, mostly consisting of reserving responsibility

Demonstrated experience leading actuarial teams

Deep technical knowledge of loss development, reserve uncertainty, sensitivity analysis, and risk assessment

Strong professional communication skills with the ability to present effectively to senior and executive leadership

Exceptional attention to detail, sound actuarial judgment, and a commitment to governance and control discipline

Experience working in environments with extensive audit, regulatory, or rating agency interaction

Familiarity with modern actuarial reserving tools, data platforms, and governance frameworks

Pay Range
Anticipated Hiring Range

$140,000 - $210,000 annual base salary depending on experience, qualifications, and geographic location

Benefits

Competitive base salary plus incentive plans for eligible team members

401(K) retirement plan that includes a company match of up to 6% of your eligible salary

Free basic life and AD&D, long‑term disability and short‑term disability insurance

Medical, dental and vision plans to meet your unique healthcare needs

Wellness incentives

Generous time off program that includes personal, holiday and volunteer paid time off

Flexible work schedules and hybrid/remote options for eligible positions

Educational assistance

Equal Opportunity Employer
The Mutual Group is an Equal Opportunity Employer. It is our policy to recruit, hire, train and promote individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or any other characteristic protected by law.

Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact

Talent@themutualgroup.com .

Employment Verification
The Mutual Group participates in the E‑Verify program and will provide the federal government with your Form I‑9 information to confirm that you are authorized to work in the U.S. You are protected from employment discrimination based on your citizenship status and national origin.

All offers of employment are contingent upon the successful completion of a background check.

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