Berkley

Actuarial Analyst - Reserving

Location Name NJ, Mount Laurel
ID
2023-8937
Date Posted
3 weeks ago(9/5/2023 6:17 PM)
Company
Admiral Insurance Group
Primary Location
US-NJ-Mount Laurel
Category
Actuarial

Company Details

Admiral_Logo_Gradient_RGB_update

 

What makes Admiral Insurance Group ADMIRABLE.

 

Since 1974, Admiral Insurance Group has been supporting business innovation and market growth through our wholesale-dedicated excess and surplus (E&S) lines of commercial insurance.  We specialize in underwriting difficult-to-place moderate to high-risk commercial businesses that require creative solutions, outside of the box thinking, entrepreneurial spirit and astute business knowledge.  As a member of the W. R. Berkley Corporation, a Fortune 500® Company and one of the nation’s premier commercial lines property casualty insurance providers, we have the resources, support and industry data to provide exceptional service and exciting solutions for our clients and partners. 

 

Unlock your insure-ability.

 

The Company is an equal employment opportunity employer.

 

https://www.admiralins.com/

Responsibilities

The Actuarial Analyst is primarily responsible for basic actuarial functions, actuarial estimations, and providing overall support to the Department. General functions include providing support in the loss and expense reserving function, pricing guidance, and branch profitability studies.  

 

  • Provide support in quarterly analysis of loss and expense reserves.
  • Provide support for WRBC in year-end loss reserve opinion and documentation as required for the annual statement.
  • Provide support and summaries on reserving issues.
  • Provide support in the analysis of segments of the business for claim trends/profitability.
  • Perform calculations and assist in responding to Branch requests on business results.
  • Assist in the development/maintenance/distribution of actuarial reports and databases.
  • Interface with the business analysis unit in Finance for data requests and research.
  • Assist and support the Finance Department and WRBC 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 1-5 years' work experience within the property/casualty insurance industry in either rate-making or reserving.
  • Completion of a minimum of at least 2 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).
  • Excellent capability to analyze various forms of statistical data.
  • Intention to achieve actuarial designation of Fellow of the Casualty Actuarial Society.

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.

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

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