Senior Actuarial Analyst - Berkley

Company Details:

 

Verus Specialty Insurance is an Excess and Surplus Lines provider writing business countrywide, a member of W.R. Berkley Corporate (NYSE: WRB), one of the largest property casualty insurance holding companies in the United States.  The resources and strength of a Fortune 500 company back us and we operate with the flexibility and closeness of a small underwriting company.  As such, Verus Specialty Insurance operates through a group of wholesale producers nationwide.  

 

Our leadership encourages a culture that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We believe our strength comes from building an exceptional team that embraces collaboration, growth and ownership. If you share our vision and want to work for an organization that values your contributions, we want to hear from you!

 

The Company is an equal employment opportunity employer.

 

https://www.verusins.com/

Responsibilities:

• Analyze both internal and external data to adapt and develop rating methodologies for existing company products.
• Use techniques to incorporate new variables in pursuit of a competitive advantage and improved underwriting results.
• Utilizes 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.

Qualifications:

Education and Experience

• Bachelor’s degree in a quantitative discipline such as Actuarial Science, Statistics, or Mathematics
• Minimum Years of Experience by Level:
  • Senior Actuarial Analyst: 4 years
  • Actuarial Analyst II: 2 years
• Minimum Exam Requirements by Level:
  • Senior Actuarial Analyst: ACAS designation
  • Actuarial Analyst II: at least 4 exams
• Requires proficiency with Microsoft products including Excel and VBA
• Power BI and SQL Server knowledge preferred
• R and Arius knowledge preferred
• Requires familiarity with basic insurance concepts
• Preferred familiarity with Professional Liability and/or Commercial Auto pricing

Knowledge and Skills

• Proven experience in organizing, prioritizing, and managing multiple priorities.
• Strong attention to detail.
• Excellent written and verbal skills.

#LI-FL #LI-HYBRID

Additional Company Details:We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:Base Salary Ranges: Senior Actuarial Analyst: $110K - $150KActuarial Analyst II: $90K - $110KThe actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.Eligible to participate in the annual discretionary bonus programBenefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. Additional Requirements:The application window for this role is estimated to be open through June 19, 2024, but may be extended if necessary, please submit your application as soon as possible prior to July 15, 2024.Sponsorship Details:Sponsorship not Offered for this Role