Company Details

Berkley Professional was founded in October 2008 as an operating unit of W. R. Berkley Corporation, one of the nation’s premier commercial property casualty insurance providers, by a team of management liability professionals with a combined total of over fifty years of experience in insurance and financial services. Backed by superior financial strength, Berkley Professional brings fresh capacity, underwriting acumen, claims handling expertise, and extensive relationships with insureds and brokers to the management liability marketplace.

Since then, Berkley Professional has enjoyed calculated and consistent growth, while exceeding the needs of our business partners. We provide customized coverage solutions with fairness, responsibility and superior claims servicing. Berkley Professional continues to expand its product capabilities as well as geographic reach in order to better serve the dynamic management liability environment. This growth includes the addition of a dedicated Financial Institutions team as well as an experienced group of Transactional Liability underwriters furthering Berkley Professional’s capabilities.

Responsibilities

The Pricing Actuary reports to the Chief Actuary and will focus on pricing and modeling. This role will help grow and manage a profitable book of business within Berkley Professional Liability. 

Key functions will include but not be limited to:

• Assist with pricing model development and maintenance
• Help with developing pricing benchmarks and strategies to drive pricing decisions
• Work with underwriters and senior management to suggest pricing strategies for Large Accounts
• Conduct market research and present market trend studies and reports
• Collect and develop market data for all product lines

Qualifications

• BA/BS degree required ideally in mathematics or statistics. Masters degree preferred
• 7 years of Actuarial experience
• D&O/E&O pricing experience a plus
• Actuarial designations a plus
• Knowledge of Microsoft products including SQL, Excel, VBA, and Access, Ability to efficiently extract, combine, validate and manipulate large quantities of multidimensional data. Knowledge of programming languages R or Python is a plus
• Strong attention to details: must produce accurate work products, proactively identify issues to be resolved
• Interpersonal skills: ability to effectively communicate with all constituents, including actuaries, finance, claims staff, IT developers, underwriters, senior management
• The Company is an equal employment opportunity employer.

Additional Company Details

https://berkleypro.com We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees including: • Base Salary Range: $95,000- $160,000 • Eligible to participate in annual discretionary bonus • Benefits include: Health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plans The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Job Description

Pricing Actuary - BPRO.Jan 2024