Actuarial Associate

Verisk Analytics•Jersey City, NJ

11d

About The Position

We are hiring an actuary for the Personal Auto Actuarial Products Division, which is responsible for our Personal Auto, Motorcycles, and Personal Umbrella products. The actuary will collaborate across divisions to maintain and develop personal auto insurance products, conduct research on modeling techniques, support customer and regulatory inquiries, and participate in product innovation and regulatory filings, including occasional travel.

Requirements

Bachelor's degree or equivalent experience required.
Strong Excel skills are required.
4 CAS exam with commitment to attaining FCAS membership is essential to role.
Proven communication and presentation skills a must.
Must be able to work independently and as part of a team.

Nice To Haves

Additional relevant education or degrees are a plus.
SQL, Python, R and/or other programming languages are a plus.
Predictive modeling and/or data analysis experience desirable.
Minimum 4 years insurance experience desired (personal auto experience preferred).
Deep knowledge of market, industry, customer, competition, etc. desired.
Strong record of building great internal or external customer relationships that focus on innovation, product improvement, or ease of use.
Product development experience and experience working with customers desired.

Responsibilities

Collaborate with other ISO/Verisk divisions (Actuarial Operations, Compliance and Product Services, Government Relations, etc.) to maintain, enhance, and develop our standard personal auto products that respond to the current market, competitive, and technological landscape, and integrate them into ISO's Personal Auto Program.
Conduct research on new modeling techniques and new data sources to help support and enhance our standard auto products.
Support our products by responding to customer and regulatory inquiries; providing expert advice to customers; and developing marketing material, publications, and other documents to support such efforts.
Build and maintain a network of contacts within and outside Verisk to keep up with market trends and customer needs.
Along with other special projects, this position will provide significant support and analysis for rating bureaus.
Assist the innovation, modernization, and ongoing evolution of the ISO Personal Auto Insurance Program.
Satisfy customer specifications and requirements and meet contractual deadlines.
Drive quality results and customer focus into everyday operations.
Interact with regulatory authorities to present updates and innovations to ISO filing procedures, and support filings of loss cost reviews and related products, including, at times, representing ISO at meetings with state insurance departments and industry groups.
Occasional travel required for industry conferences, customer visits, etc.