At Berkley Alliance Managers, we offer innovative coverage and risk management solutions for our brokers and policyholders. We have a passion for offering fresh ideas and relevant insurance products and services. Our business consists of four target markets – Design Professionals, Construction Professionals, Accounting Professionals and Miscellaneous Service Professionals. Our focus allows us to tailor coverage and create comprehensive risk management programs that enhance profitability and reduce susceptibility to loss.  

The Actuarial Analyst will effectively use, maintain and improve upon processes designed to support all actuarial aspects of one or more lines of professional liability insurance.  Actuarial aspects include pricing, reserving, business intelligence, analytics, reinsurance and working with IT.

 

Key functions include but are not limited to:

• Pricing: Assist in creating, reviewing, enhancing, and maintaining pricing models. Prepare rate indications and collaborate on pricing strategies. Support state rate filings for admitted products and work with state insurance departments to obtain approval. Assist in preparing competitive analyses to price new product offerings. Act as a primary SME and UAT for all rating put into the policy system(s). Assist in creating, enhancing, and maintaining models for assessing true rate change on renewals.
• Reserving: Assist in creating and maintaining reserving models for all lines. Prepare quarterly reserve analyses and document results. Support finance in preparing journal entries for booking IBNR and Schedule P entries. Ensure reconciliation to the general ledger.
• Business Intelligence – Recognize and report data issues to IT; create new and modify existing management reports based on user requirements; identify data elements in policy and claims systems that are not in the reporting environment and work with IT to add them.
• Analytics: Assist in data gathering and initial exploration. Identify potential variables for modeling team. Communicate results to both technical and non-technical audiences.
• Reinsurance: Gather and report policy and claims data and report to brokers.
• IT: Perform User Acceptance Testing for new rates or rating elements in the policy system.
• Other: Actively participate in ideation, experimentation, and implementation of new ideas. Ensure SOX compliance for the actuarial department.

• 0-2 years of experience in actuarial positions, preferably in P&C commercial liability lines.
• College degree in Math, Actuarial Science or related fields of study.
• Commitment to pursuing ACAS
• Analytical skills to gather and analyze data and identify significant results.
• Communication skills to explain findings to actuaries and non-actuaries.
• Interpersonal skills to establish good working relationships within all departments.
• Motivation to learn and research concepts as needed.
• Drive to improve processes.
• Attention to detail in documenting processes.
• Commitment to attaining actuarial certifications to better serve the business.

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

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.