Senior Actuarial Analyst

W.R. Berkley • Stamford, CT

74d

About The Position

The Senior Actuarial Analyst will 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.

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
• Experience in Excess Casualty and/or Reinsurance preferred
• 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 programming (VBA, R, Python) skills plus
• Excellent problem-solving skills

Responsibilities

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees