Berkley

Data Specialist (Insurance Industry)

Location Name MA, Boston - 99 Summer Street - Suite 1000
ID
2024-11415
Date Posted
6 days ago(11/7/2024 1:31 PM)
Company
Berkley One
Primary Location
US-MA-Boston
Loc2
NJ, Morristown
Loc3
NY, New York - 757 Third Ave - 10th Floor
Category
Actuarial

Company Details

Berkley_One_Logo

 

Berkley One exists to insure and protect the lifestyles of a modern generation of affluence. We seek clients that are sophisticated individuals and families who require world-class risk and claims management customized to their needs, a team of select expert independent agents and innovative digital tools to keep it simple and easy. We’ll blend our partners, products and capabilities with all that is Berkley, generating a modern solution for the customers we serve.

 

Our culture is one of innovation, creativity and teamwork. Our team is highly motivated, passionate about our business, and deeply experienced in developing and delivering product and service solutions in the personal insurance marketplace.

 

The company is an equal opportunity employer.

Responsibilities

We have an opportunity for a Data Specialist to join our Berkley One team!  You will be responsible for developing competitive marketplace and pricing analyses that will be foundational to formulating and influencing product, rate and underwriting strategies. You will be eligible to apply for the actuarial student program with us, if desired.

 

We 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!   

 

Key functions include but are not limited to:

  • Assist in analysis of competitive rate plans and filings and identifying best practices in the high net worth space (including niche products within this space); this includes new state launches
  • Evaluate market competitiveness on an ongoing basis and make recommendations to product management on improvements and adjustments
  • Participate in documenting business requirements for coverage rules and crucial UAT testing of rate plans
  • Utilize demographic data to analyze specific customer segments and geographies to inform current and future product and pricing decisions
  • Collaborate with product management and actuarial to develop line of business and state specific strategies
  • Work on state filings and DOI requests to secure timely rate filing approvals
  • Assist with data calls (reinsurance and regulatory)
  • Collaborate with product management and actuarial teams to continuously identify the newest sources of data for competitive analysis
  • Work on additional projects with cross functional team members that make use of your skills and add direct value to the company (e.g dashboard creation for specific business unit needs, segment analysis, agency support)
  • Other projects and work as assigned

 

Qualifications

  • Bachelor's or Master's Degree in Computer Science/Engineering or a related quantitative field; will consider candidates with actuarial backgrounds, as well
  • 3+ years of insurance industry experience, personal lines preferred
  • Advanced proficiency with the Excel, proficiency with R, SQL, PowerBI, Looker preferred
  • Experience working with LexisNexis InsurQuote, Quadrant, and Salesforce preferred
  • Passion for math and analytics; you have a degree in math, statistics, actuarial science or economics, love numbers and analytics and have put that passion to work in competitor and/or market data analytics roles
  • Incredible empathy and understanding of the needs of our customers, both insureds and their agents alike; you will be an excellent, pro-active advocate for Berkley One customers and are passionate about their brand experience
  • Exceptional oral and written communication skills; your communication style is flexible to the situation; you communicate clearly and with a purpose
  • Calm under pressure; you have excellent organizational skills, integrity, and great follow-through on tasks; you are comfortable challenging norms while working collaboratively with colleagues at all levels of the organization
  • You have a strong sense of accountability, fun and adventure
  • Natural curiosity;  you love learning how things work and you are always looking for innovative improvements

Additional Company Details

We 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 including:

• Base Salary Range: $70,000 - $95,000
• Eligible to participate in annual discretionary bonus
• Benefits include: Health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plans

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

Job Description

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