Actuary

Berkley•Saint Petersburg, FL

5d•$180,000 - $212,000•Hybrid

About The Position

The Pricing Actuary will report to Chief Actuary. Analyze both internal and external data to adapt and develop advanced rating methodologies for existing company products. Use advanced techniques to incorporate new variables in pursuit of a competitive advantage and improved underwriting results. Utilizes advanced loss development and other methods to participate in the determination of incurred but not reported reserve estimates to be used in profitability analyses. Produce regular monthly reports and/or analyses used to complete the financial close process and/or used to improve underwriting results of the company. Represent the needs of the actuarial department on cross functional projects. Constantly seek to improve current reporting and actuarial processes. Participate in planning ultimate loss and loss adjustment ratios based on underwriting leadership plans and changes to underwriting guidelines. Performs advanced analytics and modeling techniques including but not limited to generalized linear modeling and other forms of multivariate analysis.

Requirements

6+ years of experience in a data-related role with working knowledge of information systems
Minimum FCAS designation offered by the Casualty Actuarial Society
Bachelor’s degree in a related field (mathematics, business, finance, technical).
Strong knowledge of MS Office tools (Excel, Outlook, Word, PowerPoint).
Strong knowledge of VBA & SQL
knowledge of the insurance industry and IT systems.
Ability to adapt.
Strong problem solving and communication skills.
Strong organization skills and ability to multitask and prioritize multiple tasks at once.
Ability to work outside normal work schedule to fulfill responsibilities.
Ability to travel on occasional basis.
Reasonable, regular, and predictable attendance.

Nice To Haves

3+ years of experience in Pricing role within General Liability or Professional Liability
intermediate knowledge of Power BI, R, and Python

Responsibilities

Analyze both internal and external data to adapt and develop advanced rating methodologies for existing company products
Use advanced techniques to incorporate new variables in pursuit of a competitive advantage and improved underwriting results
Utilizes advanced loss development and other methods to participate in the determination of incurred but not reported reserve estimates to be used in profitability analyses
Produce regular monthly reports and/or analyses used to complete the financial close process and/or used to improve underwriting results of the company
Represent the needs of the actuarial department on cross functional projects
Constantly seek to improve current reporting and actuarial processes
Participate in planning ultimate loss and loss adjustment ratios based on underwriting leadership plans and changes to underwriting guidelines
Performs advanced analytics and modeling techniques including but not limited to generalized linear modeling and other forms of multivariate analysis.