Berkley

Reserving Actuary

Location Name NJ, Mount Laurel
ID
2020-4337
Date Posted
2 months ago(11/12/2020 11:16 AM)
Company
Admiral Insurance Group
Primary Location
US-NJ-Mount Laurel
Loc2
PA, Philadelphia - 30 S 17th Street - Suite 1450
Loc3
New Jersey
Loc4
DE, Wilmington
Category
Actuarial

Company Details

 

Admiral_Logo_Gradient_RGB_update

Admiral Insurance Group, a W. R. Berkley Company, is a wholesale-dedicated excess and surplus lines commercial insurance carrier. We specialize in underwriting difficult-to-place moderate to high-risk commercial business looking for creative solutions to new and unusual complex risks. Our lines of business include Commercial Casualty and Professional Liability.

Admiral has been in operation since 1974, with antecedents dating back to 1952. We have been a part of the W. R. Berkley Corporation since 1979. W. R. Berkley Corporation, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. Our A.M. Best’s rating is A+ and a financial size category XV.

We are a company that values the individual strengths of each of our employees. Admiral empowers individuals, challenging every employee to contribute to our goal, agile solution provider to our customers and our team. We seek collaborative individuals dedicated to making a difference every day. We offer opportunities for advancement, personal development, competitive benefits and compensation. Come join our team!

 To learn more, visit us at: https://www.admiralins.com/.

Responsibilities

The Reserving Actuary is primarily responsible for the application of all standard actuarial functions, actuarial estimations, and providing overall support to the department. Specific functions include performing the quarterly reserve review function as well as all reserve reporting requirements to WRBC. General functions involve providing pricing guidance on class segments, administering and performing branch profitability studies, maintaining established actuarial databases, and responding to branch data/results requests.  

 

  • Provide quarterly analysis of loss and expense reserves.
  • Coordinate and provide documentation to WRBC regarding loss reserve estimates on a quarterly basis as well as for year-end Statement of Actuarial Opinion purposes.
  • Provide sound recommendations and summaries on reserving issues.
  • Provide concise analysis of segments of the business for claim trends/profitability.
  • Perform calculations and assist in responding to Branch requests on business results.
  • Responsible for the development/maintenance/distribution of actuarial reports and databases.
  • Interface with the business analysis unit in Finance for data requests and research.
  • Assist/support Finance Department in Schedule P preparation and other reserve areas.
  • Assist the Department in the planning/budget process preparation.
  • Perform other support duties as assigned.

Qualifications

  • Bachelor’s degree in Mathematics, Actuarial Science, or similar area.
  • Minimum of (8-12 years) work experience within the property/casualty insurance industry in reserving (heavier concentration) and pricing.
  • Completion of minimum of 6-9 actuarial examinations.
  • Advanced knowledge of Microsoft Excel required.
  • Understanding of applications and development using Microsoft Access, Microsoft SQL Server Reporting Services, (SQL language a plus). Tableau, R, Python desirable.
  • Excellent capability to analyze various forms of statistical data.
  • Intention to achieve actuarial designation of Fellow of the Casualty Actuarial Society

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed

Connect With Us!

Not ready to apply? Connect with us for general consideration.