Lead Pricing Actuary

Company Details

 

Berkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation.  BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace.  As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities.

 

We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important, and every accomplishment makes a difference in our results. Come join us!   

 

The company is an equal opportunity employer.

 

https://www.berkleypublicentity.com/

Responsibilities

The Lead Pricing Actuary supports the Chief Actuary by performing specific class reviews, analysis of benchmark rates, working with the Underwriting and Claims Department on trends and metrics, and performing due diligence analysis and updates for pricing models and new products.

 

• Assists in the monitoring/analysis of key strategic business metrics for claims, underwriting, and management
• Performs pricing analyses for large accounts and works with Underwriting to determine appropriate premium, structure, rate need, etc.
• Prepares pricing studies / rate reviews for the development of proprietary loss costs and severity curves
• Prepares special studies as needed (rate indications, rate of return, large loss analysis, frequency & severity trends)
• Coach and mentor 1 to 2 analysts as it pertains to pricing workflow/projects consisting of: guidance for workflow, prioritization of pricing projects, and providing overall leadership for BPE’s complex pricing needs
• Interface with underwriting and product development on issues related to BPE pricing models, pricing tools and new products
• Assists the Finance Department in pricing/price monitoring issues
• Assists the Chief Actuary in the planning/budget process preparation
• Manages data needs for developing proprietary rates

Qualifications

• Bachelor’s Degree required, preferably in Mathematics or Actuarial Science.
• Minimum of 5-7 years of experience in the Property/Casualty Insurance industry.
• Public Entity sector experience preferred.
• Primary focus on the Pricing Practice area preferred.
• Member of the Casualty Actuarial Society.
• ACAS designation required.
• Effective communication skills, both verbal and writing.
• Strong research and analytical skills.
• Proficiency with MS Office Suite; knowledge of SQL language; knowledge of R, Python, etc. is a plus.

 

 

Education Requirement

• Bachelor’s Degree required, preferably in Mathematics or Actuarial Science.

Additional Company Details

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 which for this role includes: Base Salary Range: $160,000 - 175,000 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. Eligible to participate in the annual discretionary bonus program Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship Details

Sponsorship not Offered for this Role

Salary : $160,000 - $175,000