As a member of the Berkley Small Business Solutions team, the associate actuary will collaborate with other functional areas to guide the profitable growth of the company. The role will primarily involve ratemaking with the possibility of reserving responsibilities. The candidate will coordinate closely with the data science team to implement and file pricing models, as well as conduct regular rate reviews.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Creates accurate and dependable financial reporting for the organization which adequately reflects the financial condition of the company.
Conducts rate review, ratemaking, rate adequacy and price monitoring processes to achieve profitability and growth targets.
Collaborate with the data science team to integrate predictive modeling into the ratemaking process
Performs data, statistical and trend analysis.
Delivers the actuarial perspective and spreads the analytical mindset in a credible manner.
Collaborates on the long-range planning and forecasting of the company to maximize company performance over time.
Prepares state rate, rule and product filings.
Requires an ACAS or (FCAS)
Requires a graduate degree in Actuarial Science, Mathematics, Statistics or related field
Requires at least 5 years of experience working experience in the P&C insurance industry
Requires at least 3 years of small commercial business experience
Requires at least 3 years of ratemaking experience
Strongly prefers experience in building and maintaining models working in R or Python
Proven analytical, quantitative, and communication skills
Experience pulling, managing, and cleansing data
About W.R. Berkley Corporation
"Our Company provides a state of predictability which allows brokers and agents to act with confidence."
Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.
Along the way, we’ve been listed on the New York Stock Exchange, seen our revenue soar well past $7 billion, and become a well-respected Fortune 500 Company.
Today, the Berkley brand comprises 53 Berkley companies worldwide. Still managed by our founder and largest shareholder, W. R. Berkley Corporation is well-positioned to respond to opportunities for future growth.
In April 2017, W. R. Berkley Corporation celebrated the 50th anniversary of its founding.