Actuarial Analyst

Berkley•Moorestown Township, NJ

1d•$70,000 - $85,000

About The Position

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/ The Actuarial Analyst is primarily responsible for basic actuarial functions, actuarial estimations, and providing overall support to the Department. General functions include data analytics in support of pricing models, management and analysis of claims data, and financial/actuarial reporting.

Requirements

Bachelor’s degree in Mathematics, Actuarial Science, or similar area.
Completion of minimum of 1-3 actuarial examinations.
Advanced knowledge of Microsoft Excel required.
Understanding of applications and development using Visual Basic, Microsoft SQL Server Reporting Services, (SQL language, R, Python, etc. is a plus).
Excellent capability to organize and analyze various forms of statistical data.

Responsibilities

Assist in regular preparation and analysis of proprietary statistical data to inform loss costs, severity distributions, and other pricing considerations.
Provide support in updating pricing models and communicating changes as appropriate.
Interface with Underwriting, IT, Operations, and Finance departments to ensure data quality standards are met.
Assist in the development/maintenance/distribution of actuarial reports and databases.
Provide support in quarterly analysis of loss and expense reserves.
Provide support in the analysis of segments of the business for claim trends & profitability.
Assist the Pricing Actuary with various data requests and pricing analyses.
Perform other support duties as assigned.