Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices to provide superior products and services to its customers.

 

Berkley Select is a Berkley Company.  W. R. Berkley, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB).

 

The company is an equal opportunity employer.

 

https://www.berkleyselect.com

The AVP Actuary is responsible for management and direction of actuarial pricing and product support for Berkley Select. This includes the strategic actuarial leadership for a $200M+ portfolio that centers on Lawyers Professional and Executive Liability for the company.  This position is a key point of contact to Senior Management, internal business units (particularly Underwriting) and external parties.

 

Business Strategy

• Participates with senior management team at the strategic level to execute goals.
• Leads significant actuarial initiatives to grow a profitable business.
• Engages business functions with knowledge and expertise to succeed as an organization and differentiate itself.

Performs a combination of duties in accordance with departmental guidelines: 

• Works in an Actuarial team environment to support a growing appetite for more sophisticated analytics, strategic insights and practical business guidance to promote profitable growth.
• Partners by supporting the business itself and Underwriting in particular by providing actuarial support for new products, rate filings, profitability analyses, key metrics, etc.
• Reviews existing products/rate plans once a year with an eye toward: changing rates, rating formulas and/or factors; consolidate plans across legal entities or eliminate plans as appropriate. 
• Creates innovative strategies for pricing and rating.
• Supports compliance department in the submission of filings to state departments, helping to ensure their ultimate approval and implementation.
• Provides support for the actuarial team in Reserving, quarterly Closing, Statutory accounting, and other Accounting/Finance needs.
• Creates innovative strategies for Reserving, Reporting and support for Finance.
• Could manage staff both directly as well as indirectly.

• Advanced degree in mathematics, statistics or related professional discipline and a Member of the Casualty Actuarial Society (ACAS or FCAS).
• A minimum of 6 years of actuarial experience, preferably with a pricing background.
• The position is well suited for an experienced ACAS or new FCAS.

Skills, Knowledge & Abilities

• Strong communication skills with demonstrated ability to collaborate, influence and articulate complicated information that is understandable and fact based to non-technical staff.
• Strong financial, analytical and problem-solving skills with the ability to effectively resolve complex problems in a timely fashion.
• Is capable of balancing multiple concurrent, high priority projects within time constraints allowed.
• Can work in a highly dynamic culture that thrives on collaboration and teamwork across the enterprise.
• Able to work independently and prioritize daily work priorities while bringing project to conclusion on time.
• Project management skills, including leading teams of actuaries and non-actuaries.

We do not accept any unsolicited resumes from external 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.

Sponsorship not Offered for this Role