Actuarial Consultant

Verisk Analytics•Jersey City, NJ

About The Position

Verisk’s Government Relations Department (GRD) is in search of a talented ACAS/FCAS for the role of Government Relations Actuarial Consultant. As part of the Government Relations team, you will support as needed the Verisk business as a whole with focus on our Underwriting Solutions group including their flagship product of ISO Core Lines Programs (forms, rules, & loss costs) and other underwriting products, as well as our catastrophe modeling products from Verisk’s Catastrophe & Risk Solutions (CRS).

Requirements

Bachelor’s degree in actuarial science, mathematics, statistics, or related majors.
Associate (ACAS) or Fellow (FCAS) of Casualty Actuarial Society.
Minimum 7 years insurance experience desired.
Deep knowledge of regulatory issues, industry, market, etc. desired.
Broad familiarity with most ISO lines of business preferred.
Excellent interpersonal, oral and written communication skills, including presentation skills.
Excellent negotiating skills.
Ability to work independently and as part of a team.
Familiarity with catastrophe and predictive analytics modeling preferred.
Familiarity with filing process and regulatory concerns preferred.
Computer skills: Excel, Word, PowerPoint required; basic understanding of programming preferred.
Some travel required.

Responsibilities

Work with the business units and the GRD team to support and secure timely approval from state regulation of ISO's core products (loss costs, related rules, statistical data) for all lines of business.
Work with the business units in support of predictive modeling initiatives.
Support Verisk’s Catastrophe & Risk Solutions (CRS) team as needed with model review, regulator acceptance, etc.
Grow understanding of CRS models and usage between Verisk business units and products.
Make regular visits to or have regular contact with state regulators to resolve issues and maintain relationships.
Develop and implement strategies to achieve positive regulatory action in response to new ISO programs and high priority filings.
Make presentations to state regulators and other audiences as necessary to secure regulatory acceptance of ISO initiatives.
Provide complete and timely actuarial support for regulatory inquiries on ISO filings.
Provide actuarial peer review to new or modified ratemaking methodologies.
Stay abreast of all relevant ASOPs and NAIC activity for their impact on ISO products.
Provide business units with state-specific Government Relations input and filing recommendations in response to actuarial ALERT indications for assigned lines / states.
Foster positive regulatory environment and provide support for ISO's interactions with the independent bureaus.
Occasional travel required for industry conferences, regulator visits, etc.