VP, Chief Actuary

Company Details

Berkley North Pacific is rooted in the Pacific Northwest offering personalized commercial insurance solutions through collaborative efforts for ultimate customer experience. We do this by empowering our people and being 100% customer obsessed. Additionally, we offer the reassurance to our customers that their insurance investment is sound, as we are backed by the resources of a Fortune 500 company, W. R. Berkley Corporation .

At BNP we believe in our core values of Integrity, Ownership, Collaboration, and Innovation. We recognize our employees for their outstanding performance in establishing a workplace where employees can thrive, enjoy their work, and help our company grow.

This role will be based in our Meridian, ID office. We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

The Company is an equal employment opportunity employer.

Responsibilities

As our VP, Chief Actuary Officer, you will provide strategic direction and leadership to the Company’s Actuarial Function. You will proactively participate with the Company’s Senior and Extended Leadership Teams in developing and executing strategic plans to achieve the Company’s business objectives. You will lead the Actuarial Function for the Company, including Pricing, Reserving, and Analytics. This position reports directly to the President. Additionally, you will provide insights into company, economic, and marketplace trends to contribute to the success of the company and other functional areas of the organization.

What You Can Expect

• Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
• Internal mobility opportunities
• Visibility to senior leaders and partnership with cross functional teams
• Opportunity to impact change
• Benefits – competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education
  
  

We'll Count On You To

• Adapt and develop 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.
• Lead the completion of rate reviews, ratemaking, and actuarial indications, including support of forecasting investment rates of return, underwriting expense provision, frequency/severity, and exposure trends. Innovate and
• improve both accuracy and efficiency in the processes.
• Lead the vision, growth, and implementation of advanced analytics.
• Proactively seek out competitive market analytics and other competitive position reviews that would have a material impact on business decisions and their outcomes. Utilize data and analytics to help others make better decisions based on your analysis and information.
• Lead the actuarial component of the company’s planning processes.
• Support the development of Tableau reporting and analytical tools/models to support business functions.
• Effectively utilize internal and external data to support actuarial analysis and business reporting needs.
• Innovate and improve both accuracy and efficiency of actuarial and analytics capabilities.
• Maintain actuarial policies and standards, ensuring they are consistent with regulator and corporate standards.
• Collaborate with W.R. Berkley actuaries and analytics teams to advance company capabilities.
• Lead the Actuarial Team, including responsibility for overall direction, coordination, and evaluation.
• Identify, retrieve, and prepare data in support of actuarial analysis through SQL, Essbase, and other data sources.
• This 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.).
• Lead the regular preparation of adequate loss and expense reserves estimates, including any financial information pertaining to reserves needed by the Financial Department, company management, or corporate, including but not limited to Schedule P.
• For both Home Office and Regional Underwriting, identify segments with profitable growth potential; identify underperforming segments and propose corrective actions to improve profitability.
• Perform advanced analytics and modeling techniques, including but not limited to generalized linear modeling and other forms of multivariate analysis. Tools used could include SAS, R, Pretium, Emblem, and distribution fitting coupled with stochastic simulation techniques. 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.
• Participate in enterprise risk management initiatives, including support for catastrophe management, economic capital modeling, internal rate of return studies, etc. Provide innovation and leadership when applicable.
• Build and develop talent to ensure a staff capable of carrying out initiatives of the department. Keep the team focused on the tasks required, monitor progress, and implement changes as needed. Manage staff vertically and/or horizontally. Mentor and motivate staff by providing frequent and specific feedback. Contribute to the company’s success by developing departmental and individual goals, measuring results, rewarding achievement, or developing performance improvement plans as needed.
• Develop and offer strategic direction for the company, with strong consideration of how the Product Management team can best contribute to the success of the company generally and other functional areas of the company specifically.
• Perform other related duties as assigned by management.
  
  

Qualifications

What you need to have:

• Bachelor's degree; or 15 years related experience or training; or equivalent combination of education and experience.
• Fellow of the Casualty Actuarial Society and a commitment to continuing education, demonstrated by Casualty Actuarial Society continuing education and progression through other insurance professional designations, including more traditional forms of continuing education related to university work or other technical designations.
• Ability to provide leadership and company strategic vision.
• Problem analysis and problem resolution skills at both a strategic and functional level
• Interpersonal and communication skills including presentation skills.
• Regularly and consistently demonstrates commitment to company values and guiding principles.
• Proficient in and have knowledge of Microsoft Office and demonstrated ability to learn other software as needed.
• Extensive working knowledge of Excel and a basic understanding of SQL is expected.
• Working knowledge of actuarial or analytics software is highly desired including Arius, R, Python and Tableau.
  
  

What Makes You Stand Out

• Attract, coach and develop talent.
• Lead people and get results through others.
• Effectively manage a project and communicate effectively with all levels of the organization.
• Strong customer orientation
  
  

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or 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