Berkley Fire & Marine offers best-in-class underwriting in the inland marine space. We pride ourselves on excellent customer service and make sure that our valued clients get the coverage they need. We are able to maintain excellent, long-term client relationships by always doing the right thing and utilizing cutting-edge technology to streamline processes.

 

W. R. Berkley Corporation member insurance companies are rated A+ by A.M. Best and Standard & Poor’s. We couple financial strength with exceptional local service, tailored to your needs and to those of your clients. Our regional offices bring together underwriting and claim and risk services teams, which provide local accessibility, availability, and above all else, responsiveness.

The Sr. Actuarial Analyst supports the production and development of the company’s Actuarial function, including and not limited to:

 

• Production of monthly financial reporting and rate monitoring
• Analysis of quarterly rate and reserve adequacy
• Support for product line reviews and annual planning
• Execution of research and development projects
• Delivery of data required for external reporting

 

Key Duties of the position:

 

• Collect, compile, analyze, and deliver data on a continual basis, including reconciling data and reviewing it for correctness, usefulness, and relevancy. Core recurring data activities include the production of monthly financial reporting and rate monitoring deliverables, quarterly reserve analysis and rate indication deliverables, and annual product line reviews and planning. Non-recurring data activities frequently arise for research and development projects.

• Support pricing in the form of rate monitoring analysis, quarterly rate indications, product line reviews, and underwriting support for portfolio and large account pricing. In addition to data responsibilities, duties include analyzing historical experience and permissible loss ratios to derive rate indications, reviewing bureau changes, and competitive reviews.

• Support reserving in the form of monthly forecasts and quarterly reserve analyses. In addition to data responsibilities, duties include analyzing actual vs. expected loss emergence and historical claim frequency, severity, and development.

• Support research and development projects, including performing in-depth of analyses of particular areas of interest, developing new reports using business intelligence tools, increasing operational efficiency through streamlining and automation, and developing new analytics solutions including predictive and econometric models.

• Consult with stakeholders across diverse functions and with diverse skillsets to define problems, propose solutions, address questions, incorporate feedback and subject matter expertise, and iterate towards a final work product. Interpret the output of analysis to determine business implications and present results to non-technical stakeholders verbally and in writing.

• Take initiative to learn new concepts, tools, and processes with a goal developing the proficiency required to own recurring tasks and small projects with minimal oversight and direction.

• Think critically and demonstrate initiative in proposing new or alternative solutions, identifying problems as or before they arise, and proposing potential research and development projects to support company objectives.

• Study for and pass exams required for obtaining the Fellow of the Casualty Actuarial Society credential.

• Perform other related duties as assigned by management.

 

• High initiative, critical thinking, and problem-solving abilities
• Dedication to continual improvement and education, rapidly developing increased business acumen, communication skills, and technical proficiencies
• Ability to work independently and take ownership of meeting deadlines
• Familiarity with statistical analysis, including simulation, hypothesis testing, and regression
• Proficiency in coding, including experience learning the basics syntax of at least two programming languages and familiarity with if-then and loop functions
• Proficiency with Microsoft Excel, familiarity with or ability to quickly learn SQL, R, and Tableau
• Strong technical writing and editing skills, including proficiency in Microsoft Word
• Strong interpersonal, verbal, and written communication skills including presentation skills
• Strong customer orientation, relationship building, teamwork and collaboration skills
• Ability to work outside normal working hours when needed to fulfill responsibilities
• The Company is an equal employment opportunity employer.

 

This position will be assessed based on the following elements of performance:
• Accountability – appropriate use of time and resources, meeting deadlines, and minimizing errors
• Initiative – proactively seeking projects, asking questions, and requesting help when needed
• Critical Thinking – identifying problems as they arise, proposing new solutions, and asking “why”
• Customer Service – communicating with and addressing the needs of our internal customers
• Teamwork – effectively collaborating with stakeholders within and outside of our department
• Professional Growth – developing business acumen, communication skills, and technical proficiencies

 

Education Requirement

 

• Bachelor's degree in mathematics, statistics, actuarial science, economics, or any related field and minimum 5-7 years experience
• Nearing ACAS or above.

Berkley is committed to offering comprehensive and competitive employee health benefits that help our employees stay healthy, feel secure and maintain a work/life balance. We offer Medical, Dental, Vision, Flexible Spending Account, Health Savings Account and a Health Reimbursement Arrangement. We support our employees in planning for their current and future security by offering Short & Long Term Disability, 401(k)/Profit Sharing/Employee Stock Purchase Plan, Life/Accidental Death & Dismemberment/Travel and Additional Life Insurance. We want our employees to live productive and fulfilling lives. We promote work-life balance and personal wellness by providing an Employee Assistance Program, Paid Time Off (Vacation/Sick/Holidays) and encouraging employees to participate in our groups wellness program. We take risk management excellence and your professional growth and ongoing development seriously by offering industry-related education and exams along with industry-related tuition assistance.

Salary Range - $100,000 to $150,000, dependent on experience and location.

The application window for this role is estimated to be open through 2/15/2024, but may be extended if necessary, please submit your application as soon as possible prior to 2/15/2024.