Berkley

Actuarial Analyst

Location Name IL, Chicago - 550 W Jackson Blvd - 5th Floor
ID
2024-11242
Date Posted
1 week ago(10/1/2024 2:21 PM)
Company
Berkley Oil & Gas
Primary Location
US-IL-Chicago
Loc2
TX, Houston - 2107 CityWest Blvd
Category
Actuarial

Company Details

Berkley_Oil_&_Gas_Logo

 

Berkley Oil & Gas, (a W.R. Berkley Company) is an insurance underwriting manager providing unique property and casualty products and risk services to customers engaged in the energy sector.  Our customers recognize the importance of the expertise we provide and appreciate the opportunity to work with professionals who understand their business.  We are in turn committed to delivering innovative products and exceptional service to them, our valued agents and brokers, Berkley Oil & Gas is dedicated in its efforts to be well-informed of the changing dynamics of the industry; support industry efforts to minimize and mitigate risks and hazards in the ‘oil patch’, and to constantly seek ways to improve our products and services to meet customer needs.

 

 

Company URL: https://berkleyoil-gas.com/

 

The company is an equal opportunity employer.

Responsibilities

The Actuarial Analyst will be part of a team of experts where you’ll be able to utilize your communication, analytical, and technical skills to support the property and casualty actuarial function of the organization and provide recommendations to internal stakeholders. You will participate in all facets of our actuarial services, including reserving, pricing, modeling, and special projects. You’ll gain exposure to both the quickly evolving energy sector, as well as a variety of insurance products, including automobile, general liability, property, umbrella, and workers compensation. We’ll also count on you to partner with other functional areas within Berkley Oil & Gas such as Finance, IT, Underwriting, and Claims.

 

As an Actuarial Analyst, you’ll coordinate, prepare, perform, and communicate statistical and actuarial analyses required to estimate expected losses for insurance products across the entire portfolio. To be successful in this role, you’ll need to develop in-depth knowledge of our data and methods to retrieve, compile, and present data.

 

  • Leading and assisting in analyses to support strategic pricing initiatives in support of both the oil and gas and renewable energy units.
  • Developing advanced actuarial analytics for both pricing and reserving functions.
  • Partner closely with IT in developing and maintaining key actuarial data sources.
  • Support the reserving function through building and maintaining analysis process flows.
  • Partner with IT and Underwriting to maintain pricing tools.

Qualifications

  • 2-4 years of Property/Casualty actuarial work.
  • Successful completion of 4 actuarial exams.
  • Requires proficiency with Microsoft Office products.
  • Tableau, SQL, R, and Arius knowledge preferred.
  • Requires familiarity with basic insurance concepts.
  • Preferred familiarity with standard commercial lines pricing and reserving.
  • Self-motivated, autonomous performer.
  • Advanced analytical, mathematical, and creative problem-solving.
  • Keen attention to detail.
  • Active listener.
  • Develops solutions to a variety of problems of advanced scope and complexity.
  • Ability to communicate ideas in both technical and user-friendly language.
  • Proven ability to effectively prioritize and execute tasks in a high-pressure environment.
  • Strong customer service orientation.
  • Demonstrated commitment to continuing education in field of expertise.
  • Experience working in a team-oriented, collaborative environment.

 

 

Education Requirement

  • Bachelor’s degree in quantitative discipline such as Actuarial Science, Statistics, or Mathematics.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

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.

Sponsorship Details

Sponsorship not Offered for this Role

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