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Berkley

Berkley

Sr. Actuarial Analyst

Sr. Actuarial Analyst

Job Details
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Uploaded On
April 23, 2024
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Location
Minneapolis, United States
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Remote?
No
Company Overview
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Headquarters
Greenwich, CT
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Number of Employees
7448
Estimated Number of Actuaries
24
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
57%
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Overall Score
3.4 / 5
Company Details

Berkley Human Services, a Berkley Company, is devoted to meeting the needs of Human Services Organizations. Our insurance policies are written through our Berkley affiliates, each of which is rated A+ (Superior) by A.M. Best Company with a Financial Category of XV.

We offer property and casualty coverages designed for the unique operational aspects of social service organizations. Our Human Services Program dates back to 1989 and has continuously evolved to meet the unique needs of the market we serve. We insure both nonprofit and for-profit social service organizations, such as child daycare, sheltered workshops, group homes, senior citizen centers, senior independent living, schools, counseling services, YMCAs, YWCAs, and Boys & Girls Clubs.

Responsibilities

The Senior Actuarial Analyst role supports pricing, reserving, and modeling.

The Senior Actuarial Analyst will help identify and lead projects and recommend necessary enhancements and changes to existing actuarial processes and analytical methods, help identify changing market and operating conditions and enable the Actuarial function to contribute most effectively to the operating company's financial success.

The role supports the Chief Actuary by performing specific reviews, analyses - working with Underwriting, Claim and Finance Departments on trends and metrics, and performing due diligence analysis for updates to reports and models and new products.

  • Collect, scrub, and analyze data for various reporting function duties.
  • Provide recommendations based on recurring and ad hoc Actuarial projects.
  • Improve and enhance loss reserving diagnostics and reserve analysis tools.
  • Complete and streamline line of business trend and pricing studies.
  • Maintain large account pricing models.
  • Assist in rate analysis and reporting.
  • Measure, monitor, and communicate progress of project(s) at clearly defined points in the process to ensure that the project(s) is delivered on time, and it meets or exceeds expectations.
  • Maintain focus on key objectives and manages unit workflow to accomplish completion of complex actuarial projects, removing obstacles as necessary.
  • Deliver multiple projects concurrently and adjust to changing priorities.
    May perform other functions as assigned.


Qualifications

  • Advanced knowledge in actuarial ratemaking methodologies
  • Practical knowledge with financial reporting
  • Mastery of core software applications, including actuarial systems, and Microsoft Office Suite
  • Understanding of applications and development using Visual Basic, Microsoft SQL Server Reporting Services, (SQL language, R, other database programming a plus)
  • Self-motivated, independent performer
  • Ability to communicate technical details to non-technical audiences.
  • Keen attention to detail
  • Proven ability to prioritize and execute tasks.
  • Proactive in communicating with all stakeholders.


Berkley Core Competencies
  • Communication
  • Customer Focus and Teamwork
  • Flexibility
  • Delivers Results
  • Technical & Job Excellence
  • Accountability


Education
  • 4 + years of Property/Casualty actuarial work experience.
  • Considerable progress towards career ACAS or FCAS credentialing


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 which for this role include:
• Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

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.

Additional Requirements

Travel: Occasional
While performing the duties of this job, the employee is regularly required to be seated for sustained periods of time; be able to pick up, pinch, twist, or keyboard; must be able to communicate detailed or important information accurately; distinguish sounds at normal levels (with or without correction) and be able to receive detailed information orally. The employee is occasionally required to move about the office to accomplish tasks; ability to reach in any direction; raise or lower objects or move objects from place to place; and hold onto objects. Occasionally, the employee may need to move or exert force up to 10 pounds. The employee is regularly required to operate a computer and other office equipment (phone, copier, and printer).

Sponsorship Details

Sponsorship not Offered for this Role
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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.