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Wilmington, DE 19806
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