Manager Actuarial Reserving

Join an amazing team that is consistently recognized for our achievements and culture, including our most recent Forbes award of being one of America's Best Midsize Employers for 2026!

Position Summary:

Step into a high-impact leadership role at the heart of Mercury Insurance’s financial strength — as the Actuarial Reserving Manager, you’ll drive the integrity of the company’s P&C reserve analyses and deliver actuarial insights that directly inform executive decision-making and long-term financial stability. This is a rare opportunity to lead meaningful, technically sophisticated work while also shaping the next generation of actuarial talent through mentorship and development.

An in-person interview may be required during the hiring process

State specific pay scales for this role are as follows:

$128,136 to $252,194 (NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$116,487 to $229,267 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$229,267 to $206,340 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)

In CA: Typical hiring range is $157,177.00 to $192,105.00  

The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.

Essential Job Functions:

• Lead quarterly and annual reserve analyses for multiple P&C lines of business.
• Evaluate reserve adequacy and analyze loss development trends.
• Prepare reserve recommendations and support statutory and management reporting.
• Collaborate with external actuaries on reserve studies, actuarial reviews, and reporting requirements.
• Partner with Claims, Underwriting, and Finance teams to identify emerging trends and assess business impacts.
• Maintain and enhance reserving models, methodologies, and supporting documentation.
• Train and mentor Financial Analysts on actuarial reserving techniques and best practices.
• Support audits, regulatory reviews, and actuarial reporting requirements.
• Identify opportunities for process improvement and automation within the reserving function.

Education:

• Minimum: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.
• Preferred: ACAS, FCAS, or progress toward actuarial designation preferred.

Experience:

 Minimum: 5+ years of P&C actuarial or reserving experience.

Knowledge and Skills:

• Strong understanding of P&C loss reserving methods and financial reporting.
• Proficiency in actuarial and analytical tools, including Excel, SQL, and WTW ResQ.
• Strong analytical skills with the ability to evaluate complex loss development data and reserve adequacy.
• Effective written and verbal communication skills, including the ability to present findings to Finance and executive leadership.
• Leadership and mentoring skills with the ability to develop and guide analytical staff.
• Ability to exercise independent judgment on matters of significance.
• Collaborative approach to working across cross-functional teams and with external partners.

Why choose a career at Mercury?

At Mercury, we have been guided by our purpose to help people reduce risk and overcome unexpected events for more than 60 years. We are one team with a common goal to help others. Everyone needs insurance and we can’t imagine a world without it.

Our team will encourage you to grow, make time to have fun, and work together to make great things happen. We embrace the strengths and values of each team member. We believe in having diverse perspectives where everyone is included, to serve customers from all walks of life.

We care about our people, and we mean it. We reward our talented professionals with a competitive salary, bonus potential, and a variety of benefits to help our team members reach their health, retirement, and professional goals.

Learn more about us here: https://www.mercuryinsurance.com/about/careers

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We offer many great benefits, including:

• Competitive compensation
• Flexibility to work from anywhere in the United States for most positions
• Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours)
• Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
• Medical, dental, vision, life, and pet insurance
• 401 (k) retirement savings plan with company match
• Engaging work environment
• Promotional opportunities
• Education assistance
• Professional and personal development opportunities
• Company recognition program
• Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more

Mercury Insurance is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by federal, state, or local law.