Senior Actuary

Location Name CT, Greenwich
Date Posted
3 months ago(3/23/2022 9:52 AM)
W. R. Berkley Corporation
Primary Location

Company Details


The Company:
Berkley is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance.
We have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.


Enterprise Risk Management (ERM) Team:
Our key risk management aim is to maximize Berkley’s return on capital over the long term for an acceptable level of risk. This requires regular interaction with senior management both in corporate and our operating companies. The Berkley Enterprise Risk Management (ERM) team comprises catastrophe and ERM professionals responsible for identifying potential risks to Berkley, collating and analyzing data related to those risks, and reporting on risk-related matters. Risks considered by the ERM team encompass insurance, investment, credit and operational risks.



The successful candidate will work closely with other ERM team members, other functions and senior management within corporate. The business focus of our ERM team also requires collaboration with colleagues across a range of disciplines in our operating companies. Key responsibilities include:

• Insurance risk measurement and monitoring
o Measure and monitor exposure to insurance risk from accumulations of property and casualty lines of business
o Development and implementation of casualty catastrophe scenario modeling
o Understand the impact of ceded reinsurance program on the WRBC underwriting portfolio
• Enterprise Risk Management
o Work closely with our operating companies to help them develop, maintain and utilize individual risk assessments within a common template
o Creating and presenting analyses and reports on specific key risk areas for the Group’s senior management including emerging and evolving risks such as climate change
o Improve existing and develop new holistic risk scenarios; develop processes to allow these scenarios to be assessed in a more efficient and timely manner
o Support our international companies in their ERM reporting
o Assist with/produce internal ERM reports and presentations for ERM committee, Presidents’ meetings and Board meetings
o Assist with the production of, and improvements, to the ORSA report
o Review ERM and catastrophe reports for rating agencies and regulators
• Other
o Undertake ad hoc risk/reward reviews to support specific strategic decisions
o Work closely with individual operating companies on specific risk related projects
o Assist with the development of less experienced team members


• 10+ years commercial lines (re)insurance experience, of which a minimum of 5 years should be ERM or reinsurance experience
• ACAS / FCAS or equivalent; will also consider strong candidates who have stopped taking exams
• Ability to develop analysis approaches proportionate to the materiality of each risk, and to clearly describe the key assumptions and approximations within that analysis
• Track record of planning, implementing and documenting work in a methodical and timely manner
• Experience of property and 0casualty lines of business


Personal Qualities:
• Strong project management, organizational and documentation skills
• Strong interpersonal skills, ability to develop relationships with remote operating companies
• Enthusiastic, proactive and enquiring personality
• Strong verbal and written communication skills – must be able to express ERM concepts in a way that can be understood by a wide range of insurance and reinsurance practitioners

Additional Company Details

The Company is an equal employment opportunity employer.

Additional Requirements

Must be fully vaccinated and remain fully vaccinated against COVID-19. *, unless prohibited by law.


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