Lead Pricing Actuary

Berkley•Morristown, NJ

177d•$160,000 - $175,000

About The Position

Berkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation. BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace. As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities. We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important, and every accomplishment makes a difference in our results. Come join us! The Lead Pricing Actuary supports the Chief Actuary by performing specific class reviews, analysis of benchmark rates, working with the Underwriting and Claims Department on trends and metrics, and performing due diligence analysis and updates for pricing models and new products.

Requirements

Bachelor’s Degree required, preferably in Mathematics or Actuarial Science.
Minimum of 5-7 years of experience in the Property/Casualty Insurance industry.
Member of the Casualty Actuarial Society.
ACAS designation required.
Effective communication skills, both verbal and writing.
Strong research and analytical skills.
Proficiency with MS Office Suite; knowledge of SQL language; knowledge of R, Python, etc. is a plus.

Nice To Haves

Public Entity sector experience preferred.
Primary focus on the Pricing Practice area preferred.
knowledge of R, Python, etc. is a plus.

Responsibilities

Assists in the monitoring/analysis of key strategic business metrics for claims, underwriting, and management
Performs pricing analyses for large accounts and works with Underwriting to determine appropriate premium, structure, rate need, etc.
Prepares pricing studies / rate reviews for the development of proprietary loss costs and severity curves
Prepares special studies as needed (rate indications, rate of return, large loss analysis, frequency & severity trends)
Coach and mentor 1 to 2 analysts as it pertains to pricing workflow/projects consisting of: guidance for workflow, prioritization of pricing projects, and providing overall leadership for BPE’s complex pricing needs
Interface with underwriting and product development on issues related to BPE pricing models, pricing tools and new products
Assists the Finance Department in pricing/price monitoring issues
Assists the Chief Actuary in the planning/budget process preparation
Manages data needs for developing proprietary rates