Actuarial Associate - Farmowners

Verisk • Jersey City, NJ

2h

About The Position

Join our dynamic Business Owners Actuarial Product team as an Actuarial Associate, specializing in Farmowners insurance. In this pivotal role, you'll help drive innovation in pricing methodologies, analyze emerging risks, and support enhancements for our Farmowners program. As part of the Businessowners Product team, you'll collaborate with cross-functional partners to develop and refine pricing strategies for new and existing products. You'll lead and participate in high-impact projects, contribute to secure regulatory filings, and ensure our offerings remain competitive and customer-focused. The Businessowners Product team is responsible for Businessowners and Farmowners, including analyzing and creating pricing for new and emerging insurance risks, performing deep dives into pricing methodologies to enhance and innovate existing products, leading efforts in secure filing of pricing changes, providing support for filings of coverage changes, and maintaining customer focus. The successful candidate will enjoy identifying and solving complex actuarial problems, be comfortable working with team members on high-profile projects, own part of the processes, and be able to explain work in non-technical contexts. The role will specifically focus on supporting the Farmowners program, including ratemaking, loss cost reviews, general product support, and enhancements. This person will also work closely with the coverage team and may represent Farmowners in cross-LOB and Reimagine initiatives.

Requirements

• Enjoy identifying and solving complex actuarial problems
• Comfortable working with team members on high-profile projects
• Ability to own part of the processes
• Ability to explain work in non-technical contexts to internal and external customers

Nice To Haves

• Familiarity with Farmowners insurance or similar coverages
• Understanding of coverage forms and language
• Understanding of rating rules
• Understanding of the insurance market

Responsibilities

• Help drive innovation in pricing methodologies
• Analyze emerging risks
• Support enhancements for the Farmowners program
• Collaborate with cross-functional partners to develop and refine pricing strategies for new and existing products
• Lead and participate in high-impact projects
• Contribute to secure regulatory filings
• Ensure offerings remain competitive and customer-focused
• Analyze and create pricing for new and emerging insurance risks
• Perform deep dives into pricing methodologies with the goals to enhance and innovate pricing of existing products and coverages
• Lead efforts in secure filing of pricing changes
• Provide supports for filings of coverage changes
• Maintain customer focus in all work
• Support the Farmowners program, including ratemaking and loss cost reviews
• Provide general product support and enhancements for Farmowners
• Work closely with the coverage team
• Represent Farmowners supporting cross-LOB initiatives and Reimagine initiatives

Benefits

• Health Insurance
• Retirement Plan
• Disability benefits
• Paid Time Off program
• Competitive total rewards package that includes base salary determined based on role, experience, skill set, and location
• Work flexibility
• Support, coaching, and training

What This Job Offers

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