Actuarial Analyst

Verisk Analytics • Jersey City, NJ

5h • Hybrid

About The Position

The Strategic Actuarial Operations (SAO) team is seeking an early-career analyst to support our expanding scope of internal and external responsibilities. This role is well suited for someone who is building foundational actuarial and analytical skills and is eager to learn through hands on project work, collaboration, and mentorship. The Strategic Actuarial Operations (SAO) team is seeking an early-career analyst to support our expanding scope of internal and external responsibilities. This role is well-suited for someone who is building foundational actuarial and analytical skills and is eager to learn through hands on project work, collaboration, and mentorship. You will be part of a team that uses actuarial techniques and methodologies to make an impact on the insurance industry through Verisk’s core lines loss cost products. You will also have opportunities to apply analytical and creative thinking to contribute to and support the development of new capabilities and user experiences for our forward-looking digital platform. In this position, you may be asked to take on multiple projects simultaneously, sometimes working independently, but more often collaborating across business units, including data, product development and IT. You will also get exposure to working with state insurance departments as part of our loss cost filing process and responsibilities.

Requirements

• Bachelor’s degree with concentration in a quantitative discipline such as Statistics, Mathematics, Actuarial Science, Economics, Engineering, or Physical Sciences
• 1-3 years of P&C insurance industry experience, especially insurance data management, actuarial practices, and familiarity with the ISO/Verisk core business
• Strong analytical, problem solving, decision-making skills and technical aptitude
• Self-motivated, customer oriented, able to work independently and as part of a team
• Clear verbal and written communication skills
• Working knowledge of SQL, R, Python, or other general-purpose programming languages and familiarity with other BI tools (PowerBI, Tableau, ThoughtSpot)
• Proficiency in Microsoft Office (Excel, Word, PowerPoint)
• Ability to work on several projects concurrently, and under time constraints with the ability to adapt in the face of changing priorities

Responsibilities

• Support the preparation of actuarial products for regulators and internal and external customers, with an emphasis on accuracy, documentation, and meeting deadlines.
• Assist with experience reviews, state loss cost filings, actuarial circulars, and other actuarial analyses.
• Coding logic and program troubleshooting to extract data for analysis and report compilations.
• Review the quality of premium, exposure, loss and claim data submitted by insurance companies both on a semi-aggregate level for use in actuarial methodologies and analyses
• Participate in initiatives to improve efficiency and automation of actuarial and business processes, learning best practices along the way.
• Support responses to routine questions from regulators and insurers related to filings and analytic products
• Collaborate with other core lines business units and subject matter experts (actuarial, datal and technology) to improve data quality, product development, actuarial procedures and U/X to help our customers overcome challenges.
• Develop foundational skills in communicating analytical results and insights through clear summaries, exhibits, and visualizations.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level