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The Actuarial Data Scientist oversees the development maintenance of the company’s Actuarial area. This includes the following responsibilities:
- Collect, compile and analyze data on price, exposure, losses, policy and claim counts pertaining to rate adequacy (facilitated through the use of Product Line Reviews).
- Provide estimates of loss and expense reserve adequacy quarterly providing detailed information to financial and management. Provide help in the development of the company’s Statutory Annual Statement and Insurance Expense Exhibit, including but not limited to the development of Schedule P.
- Provide assistance in the Company’s forecasting/planning areas in the form of advanced modeling.
- Provide support and direction in the Company’s catastrophe mapping project.
- Provide assistance in the development of any rating methodologies concerning new company products.
- Assist Underwriting is the pricing mechanisms involved in large accounts.
- Collect, compile and review data and data quality issues (includes data correctness, usefulness, affects from changes in company operations & procedures, etc.) on a continual basis.
- Provide pricing support for Product Line Reviews, including expected future investment rates of return, underwriting expense provisions, rate indications, five-year calendar/accident year experience, review of bureau changes and competitive reviews. Evaluate actuarial pricing support for future development, conduct actuarial portion of Product Line Review process and gain management support for recommended changes.
- Provide pricing support for Product Line Reviews, including expected future investment rates of return, underwriting expense provisions, rate indications, five-year calendar/accident year experience, review of bureau changes and competitive reviews. Evaluate actuarial pricing support for future development, conduct actuarial portion of Product Line Review process and gain management support for recommended changes.
- Develop modeling techniques for forecasting/planning projections, both premium and losses.
- Provide training seminars to department and company staff pertaining to new techniques used in rate development or product derivation. Provide planning to company personnel so that staff resources can be used efficiently (includes scheduling of product line reviews)
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The Vice President of Claims reports to the Company President and provides strategic direction and leadership for the Claims function. Proactively participates with the senior management team and functional department staff in developing and executing strategic plans to meet business objectives. Principal duties and responsibilities include but are not limited to:
- Provides strategic direction and leadership for the Claims operations. Develops, plans and implements strategic and tactical claims operational improvements to affect positive claims outcomes and excellent service to customers.
- Provides strategic direction and leadership for severity management and litigation management initiatives. Collaborates with Claims management to develop and implement tactical plans to manage ALAE (allocated loss adjustment expense) and indemnity.
- Oversees and participates in the management of the claims catastrophe plan (storm management) and the W.R. Berkley Corporation Catastrophe (WRBC CAT) Response Program, if triggered.
- Communicates significant claim developments/trends to President and senior management team. Provides multi-line claims expertise to the senior management team. Monitors claim developments and trends within the Property/Casualty insurance industry.
- Monitors and analyzes organizational performance. Drives change to assure continuous improvement. Collaborates with management to identify and implement strategies to improve the management of total claim cost to support organization goals of optimized profitability, managed growth and enhanced competitive advantage. Develops and analyzes key performance metrics.
- Attracts, coaches and develops talent. Provides frequent and specific constructive feedback to staff. Provides technical advice, direction and mentoring to Claims staff. Coaches and mentors staff for succession at all levels of supervision and management.
- Collaborates with management to effect positive changes in the handling of property, casualty and litigation claims. Develops and delivers Best Practices, performance standards, and strategic training.
- Collaborates to establish and manage the claim department budget and resources including explaining variances and related reporting.
- Manages the claims audit process in accordance with performance standards.
- Develops and maintains relationships with other W.R. Berkley Regional Claims Officers to capitalize on business opportunities and efficiencies.
- Performs other related duties as assigned by management.
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POSITION SUMMARY: The Clearance Specialist will provide general operational support to the Department primarily the processing of submissions and other client related correspondence for new and renewal accounts.
DUTIES INCLUDE:
- Submission entry/clearance
- Responsible for file documentation
- Review of submissions for completion and accuracy
- Sends requests for additional information as required for incomplete submissions
- Adherence to clearance protocol
- Provides administrative support to Manager as needed for special projects or assignments.
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Join our team of highly skilled Claims Examiners responsible for the analysis and management of workers’ compensation claims. Our Claims Examiners review, investigate, and make decisions regarding coverage, compensability, and appropriateness of claims; as well as process and document claims to ensure compliance with company standards, industry best practices, and legislative provisions. In this position you will act in a fiduciary role on behalf of policyholders, negotiate claim settlements and manage subrogation.
Our Claims Examiners conduct the handling of claims in the utmost of good faith in compliance with the rules, regulations and statutes of the WCAB and State of California. We function with a high degree of competency and sound judgment, coupled with consistent results. Take your career to the next level and join us! Find out why we are the preferred workers’ compensation insurance solution for California employers!
Responsibilities for this opportunity include:
- Analyzing and processing workers’ compensation claims by investigating and gathering information to determine the exposure on the claim.
- Negotiating the settlement of claims up to designated authority level and making claims payments.
- Calculating and assigning timely and appropriate reserves to claims and continuing to manage reserve adequacy throughout the life of the claim.
- Calculating and paying benefits due; approving all claim payments; and settling claims within designated authority level.
- Developing and managing claims through well-developed action plans; continuing to work the action plan to bring the claim to an appropriate and timely resolution.
- Preparing necessary state filings within statutory limits.
- Actively managing the litigation process; ensuring timely and cost effective claims resolution.
- Coordinating vendor referrals for additional investigation and/or litigation management.
- Using appropriate cost containment techniques including strategic vendor partnerships to reduce overall cost of claims.
- Managing claim recoveries of all types, including but not limited to subrogation, Second Injury Fund recoveries, and Social Security offsets.
- Reporting claims to the excess carrier, responds to requests of directions in a professional and timely manner.
- Frequently communicating with all appropriate parties involved with the claim.
- Referring cases as appropriate to management.
- Maintaining professional client relationships.
- Actively executing appropriate claims activities to ensure consistent delivery of quality claims service.
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The Chief Underwriting Officer (CUO) is the senior executive responsible for the underwriting strategy of the Company. Reporting to the President, and working with both Field and Staff functional areas, the CUO designs, implements, and monitors the underwriting activities for all BGPRM customer segments which include Topical and Digestible Products and Manufactured Goods. Essential duties and responsibilities include but are not limited to:
- Daily management of the underwriting function to ensure the effective solicitation, selection, pricing, and retention of profitable business
- Oversees new product development and product lifecycle maintenance
- Develops and implements underwriting best practices
- Vets new product ideas from both internal and external sources
- Develops and manages underwriting appetite, guidelines, forms, forms usage, terms and conditions, training, and communications
- Acts as the Underwriting Liaison with IT, Operations, Actuary, Finance, Marketing and Claims functions and works to develop and/or strengthen interdepartmental relationships with these other disciplines
- Establishes and oversees Underwriting quality and compliance processes and controls, including underwriting peer reviews, underwriting self-audit reviews, management reviews, coordination of WRBC reviews, and development and implementation of automation support for the underwriting audit process
- Assigns underwriting authority to staff and resolves issues beyond the authority of the underwriting staff. Holds highest-level underwriting authority for all market segments and exercises sound judgment in risk selection, exposure analysis, pricing and coverage in evaluating and approving or rejecting individual-risk submissions from BGPRM underwriters globally
- Maintain / Establish new brokerage relationships
- Designs and implements underwriting training programs to ensure that field underwriting staff perform at the highest skill levels
- Collaborates with other departments regarding regulatory issues.
- Monitors and communicates emerging underwriting issues that are relevant to BGPRM’s future planned underwriting strategies and processes.
- Working with the Chief actuary, ensures rate adequacy and pricing integrity.
- Responsible for collaborating with the COO and President, BGPRM on reinsurance placements.
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Berkley One, a Berkley company, is hiring a Berkley One Solutions Specialist in our Wilmington, DE office. This role’s primary objective is to deliver all that is great about Berkley One and to help our agents place business with us. Duties and responsibilities include but are not limited to:
- Customer Policy Support: deliver a personalized, effortless experience for our customers via phone, email or chat. Handle customer transactions smoothly, accurately and first time final. Be an advocate for the Company during first notice of loss interactions by displaying empathy and ensuring the situation is properly handled
- Agency Policy Support: act as primary point of contact for agents to get their Berkley One questions resolved. Process individual policy work submitted by the agents via phone, email or chat. Answer policy inquiry questions and assist the agency with handling servicing needs. Assist agents with finishing their quotes and converting them into policies. Combine your sales and system savvy to drive profitable growth for the organization.
- Agent Technical Support: help agents with access, passwords, and myriad other tasks. Remote into their computers to show them how to work in the system in real time. Provide “in the moment” training on the Customer Portal and Customer Mobile App so the agent is empowered to share with customers
- Agent onboarding: enroll new agents/staff into our system, handle contracts, track agency license numbers and other licensing information, issue paperwork
- Agent training: primarily responsible to deliver system training by hosting webcasts and offering live support to agents navigating the system to quote, endorse and manage their business. Systems include the PAS, billing, claims and agent portal, e signature, IVANS download and other ancillary systems
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Responsible for achieving profitable growth within the territory through team management responsibilities. As an Underwriting Manager, effectively manage an Underwriting Team to support the company’s business plan goals of profitability, managed growth and enhanced competitive advantage. As a member of the BNP Management Team this position may also participate in Planning, establishing strategic direction, Innovation leadership and development of staff outside of the Underwriting organization.
Primary Job Duties & Responsibilities
- Manages the performance of unit thru metrics to track profitability, production, individual Underwriter performance and any other performance measure as established by the CUO or Manager. Reports those results to the CUO as established. Takes corrective action to address results not meeting Company Plan or expectations
- Carries out supervisory responsibilities in accordance with the Company’s policies and applicable laws. Ensures that the assigned Underwriters are performing at the levels required and within the authority as established by their LOAs. Takes corrective action if the performance is inadequate or authorities granted are violated.
- Creates a high performance culture through effective communication, quality goal setting and proactive management of performance within the Unit.
- Conducts joint sales calls with Business Development and assigned Underwriters to agents to build and enhance strong business relationships, promote profitability and growth of new business and retain existing business.
- Analyzes agency results, competitive marketing data and the operating environment of the assigned territory. Develops, implements and monitors action plans as appropriate.
- Provides regular and effective feedback, coaching and guidance. Establishes development plans for employees to address knowledge gaps and facilitate career growth. Acts as a mentor to the Team in seeing they continued to develop their technical and professional skills.
- Assigns work within the assigned team and collaborates with others as needed to ensure prompt and professional underwriting service is provided.
- Conducts periodic underwriting audits within the Team. Develops and implements actions plan in response to underwriting audits. Communicates results and action plans to the CUO.
- May underwrite accounts exceeding authority level of assigned underwriting staff. Refers accounts exceeding authority to the appropriate staff.
- Works in collaboration with the CUO and possibly BNP Leadership in the hiring, termination and compensation decisions of the members of their Team
- Is an Innovation Leader in seeing that BNP and WRBC continue to be relevant in the marketplaces in which they operate.
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The success of CWG is built on the contributions of our employees using their talents and passion to strengthen our customer-driven culture. We encourage, invest and are committed to our employees’ ongoing education and career development. We are currently recruiting for a Data Scientist Intern. This role will perform some of the following objectives:
- Adapts and develops rating methodologies for both existing and new company products using advanced techniques to incorporate new variables, etc., in pursuit of a competitive advantage and creation of economic profit opportunities. Helps shape the overall advanced analytics strategy for the organization.Identifies, retrieves, and prepares data in support of actuarial analysis through R, SQL, Python, Essbase and other data sources. Includes internal data (exposure, premium, loss, claims, price, etc.) and various forms of external data (bureau loss costs, bureau trends, macroeconomic data, market share, market pricing, etc.)
- Ensures the accuracy and suitability of data for the business need at hand. Manipulates data, performs preliminary analysis and interprets data through various analytics platforms. Summarizes and presents recommendations.Supports the transformation of business intelligence tools from static reporting to dashboards and development of simple to complex applications (R Shiny apps, Python Django etc.), increasing data visualization and availability, supporting cross-division collaboration, and operationalizing advanced analytics.
- Supports the actuarial function in identifying segments with profitable growth potential and underperforming segments. Assists in proposing corrective actions to improve profitability.
- Performs advanced analytics and modeling techniques including but not limited to generalized linear modeling and other forms of multivariate analysis. This role is expected to build, refine and improve existing models as well as develop new techniques and applications to different areas of the company.
- In addition to regular modeling responsibilities, this person will use critical thinking skills and apply advanced modeling techniques, including but not limited to AI/Machine Learning, to provide insights and solve business problems including techniques such as classification and regression trees, random forests, neural networks, clustering, and other machine learning techniques.
- May participate in other department deliverables and activities such as enterprise risk management (including support for catastrophe management), economic capital modeling, rate reviews, loss reserving and planning. Provides innovation and leadership when applicable.
- Leads the innovation and efficiency efforts related to tools and analysis in support of Underwriting’s pricing decisions with respect to large accounts as well as small commercial portfolio price adequacy analyses.
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Serve as the Center of Technical Expertise for an assigned property & casualty insurance line of business encompassing all aspects of its products including, but not limited to, consultation to the participating Operating Units and others on the interpretation of insurance bureau rating/rules, policy wording and intent, underwriting and claims considerations, legal and regulatory impacts/constraints, and systems implementation.
As respects assigned line(s) of business:
- Serve as a point of contact for the Operating Units’ product development and filing requests, including leveraging the existing General Risk Filings, where applicable.
- Review and analyze insurance bureau changes and provide recommendations for action by Berkley Shared Services (BSS).
- Coordinate and consult with participating Operating Units and potential new entrants, BSS Actuarial, and BSS Regulatory in the creation, adoption, implementation, and modification of bureau and proprietary products.
- Work with participating Operating Units to prioritize product change requests to leverage efficiencies.
- Provide potential new entrants with in-depth overview of current product suite available on the platform.
- Oversight and/or assist with project initiation and/or planning for projects of moderate to high complexity.
- Consult with participating Operating Units on various product jurisdictional regulatory issues and methods of compliance.
- Conduct research on various topics and provide communication to BSS Staff and participating Operating Units.
- Responsible for leading periodic product/rate reviews with BSS Actuarial and BSS Regulatory and providing resulting summary to the participating Operating Units.
- Stay abreast of industry trends and changes.
- Stay abreast of trends and changes within WRBC.
- Develop and maintain strong positive working relationships with BSS Actuarial, Regulatory, and Quality Assurance.
- Develop and maintain strong positive working relationships with Berkley Technology Services.
- Develop and maintain proficiency in the Genesys policy administration system and any replacement of the system.
- Develop clear, concise and accurate business requirements for system implementation.
- Assist with Quality Assurance/Quality Control initiatives including, but not limited to, specific testing responsibilities and investigation of system failures and the related impacts as well as recommending a mitigation strategy.
- Assist with development of end-user tools to support the participating Operating Units.
- Serve on various WRBC committees and ad hoc user groups.
- Develop and maintain highly collaborative and positive working relationships with the Operating Unit personnel.
- Other duties as assigned.
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JOB SUMMARY
As a member of the Berkley Small Business Solutions team, the "Lead Actuary" will collaborate with other functional areas to guide the profitable growth of the company. The role will primarily involve ratemaking with the possibility of reserving responsibilities. The candidate will coordinate closely with the data science team to implement and file pricing models, as well as conduct regular rate reviews.
ESSENTIAL DUTIES AND RESPONSIBILITIESinclude the following. Other duties may be assigned.
- Creates accurate and dependable financial reporting for the organization which adequately reflects the financial condition of the company.
- Conducts rate review, ratemaking, rate adequacy and price monitoring processes to achieve profitability and growth targets.
- Collaborate with the data science team to integrate predictive modeling into the ratemaking process
- Performs data, statistical and trend analysis.
- Delivers the actuarial perspective and spreads the analytical mindset in a credible manner.
- Collaborates on the long-range planning and forecasting of the company to maximize company performance over time.
- Prepares state rate, rule and product filings.
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SUMMARY
As a member of the Berkley Small Business Solutions team, the associate actuary will collaborate with other functional areas to guide the profitable growth of the company. The role will primarily involve ratemaking with the possibility of reserving responsibilities. The candidate will coordinate closely with the data science team to implement and file pricing models, as well as conduct regular rate reviews.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Creates accurate and dependable financial reporting for the organization which adequately reflects the financial condition of the company.
- Conducts rate review, ratemaking, rate adequacy and price monitoring processes to achieve profitability and growth targets.
- Collaborate with the data science team to integrate predictive modeling into the ratemaking process
- Performs data, statistical and trend analysis.
- Delivers the actuarial perspective and spreads the analytical mindset in a credible manner.
- Collaborates on the long-range planning and forecasting of the company to maximize company performance over time.
- Prepares state rate, rule and product filings.
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Become a part of Acadia’s New York Branch! We are currently seeking a production focused Underwriter to grow and build Acadia’s small commercial book of business in New York. As an Underwriter, your responsibilities will include executing Acadia’s underwriting strategies, traveling throughout the New York territory to attain new business and develop long-term and profitable agency relationships.
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The individual in this position will primarily be responsible for submission clearance through our BUS and BPMi systems. Submission clearance must be accurate, efficient and timely. The individual must be able to conduct computer searches in BUS, BPMi and external sites like Google. Other responsibilities of this position includes processing loss run requests and monthly renewal solicitations as well as answering phone calls to Vela’s main line and deliveries to the front door of the office.
Responsibilities:
- Identify and label documents properly in BPMi
- Accurate and consistent searches and submission clearance in BUS, including but not limited to set up of insured names, broker codes, policy dates, coverage types, underwriters and underwriting assistants in BUS
- Pre-evaluate submissions through a series of online searches, including Experian, OSHA, Contractors / Business Licenses, etc. and summary of findings
- Ensure service standards are met daily
- Notify IT immediately when system difficulties occur
- Answer phones professionally
- Process loss run requests and renewal solicitations timely
- Assist with routine and special projects as assigned
- All other duties as assigned
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The accountant uses independent thinking, relying on personal judgment, training and experience to execute daily functions and to make recommendations on activities that support the accounting department.
- Reconcile and maintain balance sheet accounts; analyze and resolve variances
- General ledger operations and preparation of journal entries
- Assists team in monthly closings and preparation of monthly financial statements and financial reports
- Assists team in the preparation of budgets and forecasts
- Prepare account and bank reconciliations
- Participate in the preparation and coordination of the audit process
- Assist other accountants with implementing and maintaining internal financial controls and procedures
- Ensure all financial reporting deadlines are met
- Prepare assigned tax returns
- Investigate, resolve and document accounting discrepancies and irregularities
- Ensure accurate and appropriate recording and analysis of revenues/expenses
Special Projects as Assigned:
- Compile and analyze financial statements for client programs
- Prepare exhibits and schedules for use by clients
- Calculate and prepare journal entries for client fees
- Maintain, analyze, and update monthly, quarterly, and annual loss statistics
- Prepare required and requested reinsurance statistics and exhibits
- Prepare and file income tax, excise and premium tax, and statutory reports for client programs
- Prepare and file insurance regulatory reports
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The Senior Software Developer is Responsible for the design, development, maintenance and enhancement of applications utilized by Admiral Insurance and its business partners. Develop an application design that will satisfy the immediate requirement as well as provide opportunities for long-term expansion. Possess an ability to effectively explain the design to members of IT management and staff in both verbal and written forms. Complete research and development on new programming tools and third-party toolkits, and provide recommendations to IT Management regarding how to move forward with new technology. Act as a lead reference to the users of applications developed and maintained by the IT Department.
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We are looking for a Facultative Casualty Underwriter to join the Berkley Re team in Stamford, CT. In this role you will market to reinsurance brokers to generate business opportunities; work on developing relationships with key brokers for varying lines of business ; assist senior underwriters in the various aspects of underwriting treaty opportunities; and audit accounts and communicating of results to the brokers/clients.
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Providing excellent customer service is a passion at Nautilus. We foster an environment that promotes creativity, integrity, and respect. Auditors collaborate with leadership, underwriting, agents, and insureds to clarify policy intent and ensure accuracy in rating structure.
Key Responsibilities:
- Audit of insured records to determine accurate premium due.
- Manage dispute resolution to determine if information is valid to warrant a revision, communicating directly with agents or insured’s to resolve the dispute.
- Act as primary resource to problem solve with internal and external customers regarding exposures, classification changes or general auditing procedure questions.
- Collaborate with leadership to enhance and improve product and work-flow philosophy.
- Interact with team-members to encourage and foster a positive work environment.
- Lead and complete special projects assigned by management to assist with corporate initiatives.
- Mentor, encourage and assist team in technical training.
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How we communicate is a core piece of who we are and it’s central to how we deliver our services.
We’re looking for a Sr. Marketing Coordinator who can forge a deep understanding of who are customers are and how our business works. S/he will work across the organization to support a variety of projects as our business evolves. Beyond our customers, it’s critical to help us communicate internally. After all, if we can’t communicate well among ourselves, we can’t deliver the services our customers expect. Strong communication, creative thinking, a dedication to unearthing smart solutions will be the key to your success. Duties and responsibilities include but are not limited to:
- Learn how our business works at all levels of the organization and understand our customer base
- Plan and design multifaceted communication tactics and tools
- Drive the planning and execution of marketing tactics, company events, and other aspects of the business
- Participate in and lead projects (e.g., document requirements, test, roll out) involving stakeholders across the organization
- Measure and evaluate the success of deployed tactics and tools
- Support communication needs across the organization
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Handle the daily processing of disbursements for the Companies that we service while providing excellent customer service and maintain a high level of attention to detail.
- Processing of all disbursements for the Companies you are assigned through the invoice workflow system or interface files (claims, premium refunds, commissions).
- Coding of invoices and payment requests in Accounts Payable system.
- Assist with printing of checks and special handling.
- Respond to Company inquiries on payment and invoice submission.
- Provide excellent customer service.
- Verify approval on invoices and payment requests.
- Other duties as assigned.
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The Emcap Program Manager develops and manages trusted relationships with assigned captive programs, functioning as primary liaison, supporting the implementation of new programs and delivering reporting, analysis and making recommendations of best practices and health risk management approaches to mitigate financial exposure. Duties and responsibilities include but are not limited to:
- Developing and managing trusted relationships with assigned captive programs, including effectively interfacing with C-Suite and executive level business relationships at the policyholder, TPA, Broker, Captive and a variety of third parties.
- Functioning as primary liaison with Captive Manager and overseeing necessary captive deliverables to ensure timely cession reporting and member/consultant support.
- Coordinating and preparing monthly, quarterly and annual loss reporting packages, quarterly conference calls, and 1:1 report introduction calls, as well as supporting and presentating at regional and annual program meetings
- Developing and managing communication of results and performance of assigned captive programs to internal and external parties, including analysis of historical performance and interpretation of loss performance.
- Developing and managing surveys and voting for assigned captive programs.
- Working with distribution channel and captive members in development and implementation of risk management strategies and education of potential health risk management solutions/vendors.
- Supporting the launch of new captive programs including establishing the cession reporting, coordinating calls and logistics with Program Sponsor/Captive Manager to ensure a smooth implementation.
- Developing documentation/recommendation of processes and procedures to support efficiency and growth targets for the captive division.
- Effectively liaising with various operating areas including premium accounting, finance, and clinical team on behalf of policyholders and consultant brokers to ensure understanding of claims handling, premium processes, policy provisions/endorsements and understanding internal health risk management services.
- Managing vendor relationships to maintain smooth coordination between the parties (TPAs, disease management, broker, captive, members, etc.)
- In collaboration with AVP, overseeing the activities of account management team assigned to programs, including training, development, and input on performance reviews to ensure appropriate coordination of information and resources to achieve customer service standards. At times providing back-up and support in interfacing with broker, policyholder and TPAs.