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Lead Actuary

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Job Details
Job Order Number
JC138434800
Company Name
Berkley
Physical Address

Wilmington, DE 19806
Job Description

As a member of the Berkley Small Business Solutions team, the lead actuary will collaborate with other functional areas to guide the profitable growth of the company. The role will involve a mix of reserving and ratemaking.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

+ Creates accurate and dependable financial reporting for the organization which adequately reflects the financial condition of the company.

+ Assists with determination of loss and loss adjustment expense Incurred but Not Reported (“IBNR”) reserves for all lines of insurance.

+ Conducts rate review, ratemaking, rate adequacy and price monitoring processes to achieve profitability and growth targets.

+ Collaborate with the data science team to integrate predictive modeling into the ratemaking process

+ Performs data, statistical and trend analysis.

+ Delivers the actuarial perspective and spreads the analytical mindset in a credible manner.

+ Collaborates on the long-range planning and forecasting of the company to maximize company performance over time.

+ Prepares state rate, rule and product filings.

+ Requires an ACAS or (FCAS)

+ Requires a graduate degree in Actuarial Science, Mathematics, Statistics or related field

+ Requires at least 7 to 12 years of experience working experience in the P&C insurance industry

+ Requires at least 5 years of small commercial business experience

+ Requires at least 5 years of reserving and or pricing experience

+ Strongly prefers experience in building and maintaining models working in R or Python

+ Proven analytical, quantitative, and communication skills

+ Experience pulling, managing, and cleansing data

+ It is preferable for an applicant to have people-management background.

+ Team Player – ability to work effectively with cross-functional teams to gather inputs and align objectives and recommendations through quantitative analysis

+ Have reinsurance experience, pricing experience, and insurance risk management exposure

+ Have extensive experience building pricing models using external and industry data

+ Have extensive experience building sophisticated mathematical and statistical models, with a demonstrable history of successful implementation (preferably with Bayesian modeling or machine learning experience)

Job ID: 2019-2430

Street: 101 Bellevue Parkway

Name: PA, Philadelphia – 1880 JFK Boulevard


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