Berkley Southeast Insurance Group (BSIG) is a member company of W. R. Berkley Corporation, a Fortune 500 Company, whose insurance company subsidiaries are rated A+(Superior) by A. M. Best Company. BSIG provides local underwriting, risk services, claim, marketing and audit services for agents and policyholders in Alabama, Georgia, Mississippi, South Carolina, North Carolina and Tennessee. We take a broad approach to underwriting for 'best in class' businesses, primarily in: construction, light manufacturing, wholesale, distribution and business service industries.
This role will be based in our Lawrenceville, GA office. We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.
The company is an equal opportunity employer. #LI-AV1 #LI-HYBRID
Responsibilities
As an Actuarial Analyst, your primary responsibility is to procure and organize data and perform advanced actuarial analysis to support pricing, reserving, and forecasting processes. This position will take the lead role in the loss ratio forecasting process, using research, analysis, collaboration, and judgment.
What you can expect:
- Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
- Internal mobility opportunities
- Visibility to senior leaders and partnership with cross functional teams
- Opportunity to impact change
- Benefits - competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education
We'll count on you to:
- Provide support for Rate Reviews, Ratemaking, and Actuarial Indications by collecting, compiling and analyzing data on price, exposure, losses, policy, and claim counts pertaining to same.
- Provide regular estimates of adequate loss and expense reserves.
- Provide support for the company's planning processes.
- Assist Underwriting in identifying segments with profitable growth potential; identify underperforming segments and propose corrective actions to improve profitability.
- Provide support for advanced analytics and modeling techniques.
- Provide support in enterprise risk management, including support for catastrophe management, economic capital modeling, internal rate of return studies, etc...
- Provide assistance in the development of rating methodologies concerning both existing and new company products.
- Provide tools and analysis in support of Underwriting's pricing decisions with respect to large accounts
Qualifications
What you need to have:
- Bachelor's degree in actuarial science, mathematics, economics, applied mathematics, statistics, computer programming, business or any related field
- 1 - 3 years of Property/Casualty actuarial work
- Successful completion of at least four actuarial exams
- Excellent knowledge of spreadsheet software
What makes you stand out:
- Experience in using PC or mainframe based databases
Additional Company Details
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.
Working at
Berkley
W.R. Berkley Corporation operates worldwide in the property casualty insurance business, focusing on specialized risk areas where expertise can provide a competitive advantage.