Senior Actuarial Analyst
About The Position
From middle market to Fortune 500 companies, our Excess Casualty team is committed to providing excellent service and a consistent approach to meet the needs of our brokers and their customers. https://www.berkleycustom.com/home/ We seek to outperform our competitors with a focus on understanding client’s priorities and developing creative risk solutions to meet their long-term needs. Our key differentiators include the following: EXCLUSIVE WHOLESALE MARKET – We are committed to the wholesale brokerage community and continually build upon long established relationships with a passion for superior service for our appointed producers. OUR PROFESSIONALS – We attract and retain professionals with significant excess insurance experience, many over 25 years, with a culture that promotes integrity, excellence and respect. LONG-TERM APPROACH TO ACCOUNTS – We continually seek partners for the long term who share our values and our risk management discipline. Long-term relationships have been our management’s trademark in over 30 years of serving customers in the Excess & Surplus marketplace. Our team is dedicated to serving the varied casualty exposure needs of our brokers and their customers. By truly understanding your risk exposures in a constantly changing global environment, we can better work with you to keep risk placement recommendations current and responsive. The company is an equal employment opportunity employer.
Requirements
- Bachelor’s Degree or equivalent training in computer science, actuarial science, mathematics, statistics or related field
- 4+ years of experience in the P&C insurance industry
- 4+ Actuarial exams passed or ACAS designation, strong track record of passing exams
- Intermediate to advanced Microsoft Office, specifically Excel.
- Advanced SQL skills, and other databases, statistical analysis programing ( VBA, R, Python ) skills plus
- Excellent problem-solving skills
Nice To Haves
- Experience in Excess Casualty and/or Reinsurance preferred
Responsibilities
- Validate external pricing methodology of our external program administrators as it relates to overall rate adequacy.
- Maintain internal pricing models including periodic updating of parameters.
- Evaluate new business opportunities as they arise, assist in reinsurance placements and other actuarial support.
- Monitor historical profitability underwriting year performance as well as prospective portfolio performance.
- Conduct comprehensive actuarial analysis to develop and refine pricing models for various insurance products
- Collaborate with cross-functional teams to provide insights that guide product development and profitability initiatives
- Collaborate closely with underwriting, claims and finance teams to align pricing strategies with business goals
- Evaluate and refine pricing metrics used to measure rate adequacy and price monitoring
- Work with our Claims Department and Third-Party Administrators to help identify claim trends, reserving anomalies, or other industry trends
- Prepare data for reinsurance submissions.
- Perform experience analysis
- Participate in on-going large loss discussions with claims department and monitor actual vs. expected loss emergence
- Communicate results and findings to various key departments
- Communicate with outside auditors, consultants and actuaries
- Collaborate effectively with the actuarial data and analytics team to enhance processes and maintain a high standard of data integrity
- Be comfortable working with remote colleagues, particularly changing communication style as needed.
- Continued progress with Actuarial qualifications.
- The ability to be in the Stamford, CT office 4 days a week.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
