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Wilmington, DE 19806
Berkley Small Business (BSBS) is a W.R. Berkley Company committed to providing small business customers with the next generation of small business solutions, including offering operational, underwriting and marketing opportunities. Good isn’t good enough for our Berkley Small Business team. We champion our customers, always seeking a smarter way to provide a more efficient and better user experience.
We are a proud member of W. R. Berkley Corporation, one of the largest commercial lines property casualty insurance holding companies in the United States. With the resources of a large Fortune 500® corporation and the flexibility of a small company, we exclusively work with select independent agents to bring technology solutions that help them build their business.
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 primarily involve ratemaking with the possibility of reserving responsibilities. The candidate will coordinate closely with the data science team to implement and file pricing models, as well as conduct regular rate reviews.
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.
+ 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 ratemaking 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
Job ID: 2019-2998
Street: 101 Bellevue Parkway