Actuarial Associate

Verisk • Jersey City, NJ

22h

About The Position

We are looking for an Actuarial Associate to join the Commercial Property
Actuarial Product team.

The Commercial Property Product team is responsible for Commercial Property,
Commercial Inland Marine, Equipment Breakdown, and a few minor property lines.
The team is responsible for analyzing and creating pricing for new and emerging
insurance risks; performing deep dives into pricing methodologies with the goals
to enhance and innovate pricing of existing products and coverages; leading
efforts in secure filing of pricing changes; providing supports for filings of
coverage changes; and maintaining customer focus in all their work.

The successful candidate will enjoy identifying and solving complex actuarial
problems, be comfortable working with team members on high-profile projects and
own part of the processes, and have the ability to explain work in non-technical
contexts to internal and external customers.
The product development role will focus on independent and supporting actuarial
analyses of both current rating factors and loss costs as well as creation of
new rating factors and loss costs to support updates to Commercial Property and
other lines. A solid understanding of basic ratemaking and proficiency in data
analysis are strongly preferred. This person will be expected to independently
analyze, make recommendations, document the work product, and support their
selections, assumptions and conclusions. They will also be expected to support
the product through the filing process. This role will require frequent
communication with many of the functional areas of the ISO Underwriting
organization.

Requirements

• A solid understanding of basic ratemaking
• proficiency in data analysis

Responsibilities

• independently analyze
• make recommendations
• document the work product
• support their selections, assumptions and conclusions
• support the product through the filing process
• frequent communication with many of the functional areas of the ISO Underwriting organization

Benefits

• Health Insurance
• Retirement Plan
• Disability benefits
• Paid Time Off program

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 1,001-5,000 employees