AVP, Actuary - Convent Station - W. R. Berkley

Description

divh2Lead Pricing Actuary/h2pBerkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation. BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace.

As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities./ppWe have a welcoming culture valuing our employees we trademarked the phrase Everything Counts, Everyone Matters to describe the Berkley commitment to our people and how we do business.

We believe that every person in the organization is important, and every accomplishment makes a difference in our results. Come join us.

The company is an equal opportunity employer./ph2Responsibilities/h2pThe Lead Pricing Actuary supports the Chief Actuary by performing specific class reviews, analysis of benchmark rates, working with the Underwriting and Claims Department on trends and metrics, and performing due diligence analysis and updates for pricing models and new products./polliAssists in the monitoring/analysis of key strategic business metrics for claims, underwriting, and management/liliPerforms pricing analyses for large accounts and works with Underwriting to determine appropriate premium, structure, rate need, etc.

/liliPrepares pricing studies / rate reviews for the development of proprietary loss costs and severity curves/liliPrepares special studies as needed (rate indications, rate of return, large loss analysis, frequency severity trends)/liliCoach and mentor 1 to 2 analysts as it pertains to pricing workflow/projects consisting of:

guidance for workflow, prioritization of pricing projects, and providing overall leadership for BPEs complex pricing needs/liliInterface with underwriting and product development on issues related to BPE pricing models, pricing tools and new products/liliAssists the Finance Department in pricing/price monitoring issues/liliAssists the Chief Actuary in the planning/budget process preparation/liliManages data needs for developing proprietary rates/li/olh2Qualifications/h2ulliBachelors Degree required, preferably in Mathematics or Actuarial Science./liliMinimum of 5-7 years of experience in the Property/Casualty Insurance industry./liliPublic Entity sector experience preferred./liliPrimary focus on the Pricing Practice area preferred./liliMember of the Casualty Actuarial Society./liliACAS designation required./liliEffective communication skills, both verbal and writing./liliStrong research and analytical skills./liliProficiency with MS Office Suite; knowledge of SQL language; knowledge of R, Python, etc.

is a plus./li/ulh2Additional Company Details/h2pWe 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 Range:
$160, ,000 The 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 program Benefits:
Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans./ph2Sponsorship Details/h2pSponsorship not Offered for this Role/p/div