Berkley

Pricing Actuary

Location Name NJ, Ewing - 200 Princeton S - Suite 280
ID
2020-4259
Date Posted
3 weeks ago(11/12/2020 11:49 AM)
Company
Berkley Public Entity
Primary Location
US-NJ-Ewing
Loc2
PA, Philadelphia - 30 S 17th Street - Suite 1450
Loc3
New Jersey
Loc4
NJ, Morristown
Loc5
NJ, Jersey City
Category
Actuarial

Company Details

Berkley_Public_Entity_Logo

 

Berkley 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. 

As we build upon the solid groundwork established over the past eight years’ prior, BPE’s Actuarial Department also is growing!  Our business model provides a unique opportunity to join our team and contribute in a meaningful way that can have lasting effects not only on the company’s growth, but also your own!

Responsibilities

The 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 for updates to pricing models and new products.

  • Assists in the monitoring/analysis of key strategic business metrics for claims, underwriting, and management
  • Performs pricing analyses for large accounts and works with Underwriting to determine appropriate premium, structure, rate need, etc.
  • Interface with underwriting and product development on issues related to BPE pricing models, pricing tools and new products
  • Assists the CFO in pricing/price monitoring issues
  • Assists the Chief Actuary in the planning/budget process preparation
  • Prepares special studies as needed (rate indications, rate of return, large loss analysis, frequency & severity trends)
  • Manages data needs for developing proprietary loss costs and severity curves

Qualifications

  • Bachelor’s Degree required, preferably in Mathematics or Actuarial Science.
  • Minimum of three years of experience in the Property/Casualty Insurance industry.
  • Public Entity sector experience preferred.
  • Primary focus on the Pricing Practice area required.
  • Member of the Casualty Actuarial Society.
  • Preferred ACAS or FCAS designation.
  • Effective communication skills, both verbal and writing.
  • Strong research and analytical skills.
  • Proficiency with MS Office Suite; knowledge of SQL language; knowledge of R, Python, etc. is a plus.

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