What are the responsibilities and job description for the Actuary position at Berkley?
Company Details
Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business. Edge will focus on small to mid-sized risks through a wholesale only distribution model.
The Company is an equal employment opportunity employer.
Responsibilities
- Analyze both internal and external data to adapt and develop advanced rating methodologies for existing company products
- Use advanced techniques to incorporate new variables in pursuit of a competitive advantage and improved underwriting results
- Utilizes advanced loss development and other methods to participate in the determination of incurred but not reported reserve estimates to be used in profitability analyses
- Produce regular monthly reports and/or analyses used to complete the financial close process and/or used to improve underwriting results of the company
- Represent the needs of the actuarial department on cross functional projects
- Constantly seek to improve current reporting and actuarial processes
- Participate in planning ultimate loss and loss adjustment ratios based on underwriting leadership plans and changes to underwriting guidelines
- Performs advanced analytics and modeling techniques including but not limited to generalized linear modeling and other forms of multivariate analysis.
Qualifications
- 6 years of experience in a data-related role with working knowledge of information systems
- Preferred: 3 years of experience in Pricing role within General Liability or Professional Liability
- Minimum FCAS designation offered by the Casualty Actuarial Society
- Bachelor’s degree in a related field (mathematics, business, finance, technical).
- Required: Strong knowledge of MS Office tools (Excel, Outlook, Word, PowerPoint).
- Required: Strong knowledge of VBA.
- Required: Strong knowledge of SQL.
- Preferred: intermediate knowledge of Power BI.
- Required: knowledge of the insurance industry and IT systems.
- Preferred: intermediate knowledge of R and Python.
- Ability to adapt.
- Strong problem solving and communication skills.
- Strong organization skills and ability to multitask and prioritize multiple tasks at once.
- Ability to work outside normal work schedule to fulfill responsibilities.
- Ability to travel on occasional basis.
- Reasonable, regular, and predictable attendance.
Additional Company Details
We do not accept unsolicited resumes from third party recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. 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.