Actuarial Director - Programs

Berkley•Naperville, IL

17h•$160,000 - $210,000•Onsite

About The Position

At Berkley Program Specialists, we are dedicated exclusively to program business and excel at partnering with program administrators who possess significant underwriting expertise for homogeneous, niche classes of business. We enjoy the strength and stability that comes with being a Berkley Company and underwrite our programs through our member insurance companies, which are A+ (Superior), Financial Size Category XV, by A.M. Best. Primary responsibility to be lead actuarial support for several of the company’s programs. This will involve completing quarterly pricing reviews and communicating the results to the company stakeholders, monthly price monitoring, rate filings and class analyses where necessary. The position will work with underwriting, finance, claims and IT departments as they will be involved with the support of all facets of their programs. Additional responsibilities include support of the Chief Actuary in the quarterly reserving process and the development of dashboards and metrics to help the team maximize the program profitability. A secondary opportunity for this position can be to help with reinsurance treaty pricing opportunities should the candidate possess the skill set and experience.

Requirements

Bachelor’s degree in a related field (mathematics, actuarial science, statistics or equivalent).
Minimum of 5 Casualty Actuarial Exams Completed.
Excellent interpersonal and communication skills
8+ years of casualty actuarial experience with primary product pricing and reserving
Strong knowledge of MS Office tools (Excel, Outlook, Word, PowerPoint).
Strong knowledge of SQL

Nice To Haves

Reinsurance pricing experience a plus
Rate filing experience a plus.
Knowledge and ability to use Power BI preferred.
Knowledge and ability to use R and Python preferred.

Responsibilities

Complete quarterly program pricing reviews.
Communicate results, trends, and key aspects of the reviews to the Underwriting team and Senior management.
Collaborate with other members of the Actuarial team and apply appropriate actuarial reserving techniques to determine ultimate losses and participate in the quarterly close process.
Develop and complete monthly rate monitors, interpreting and communicating the results to the Underwriting team and Senior management.
Complete class analyses on programs to help maximize profitability
Create dashboards in Power BI to make program data and performance readily available to BPS team.
Provide support to other departments as needed including underwriting, finance, claims and operations.
Regular and predictable attendance
Other duties as assigned