What are the responsibilities and job description for the Actuarial Associate position at Berkley?
Company Details
Midwest Employers Casualty (MEC) is a member of the W. R. Berkley Corporation, a fortune 500 company, rated A (Superior) by A.M. Best Company, based in Chesterfield, MO. We improve the quality of life for employees severely injured on the job and help companies understand and mitigate their risk for workers’ compensation injuries. MEC has a friendly, results-focused work environment. We seek employees who take initiative, are quick to adapt, are dependable, and like working as part of a team.
https://www.mecasualty.com/
The company is an equal employment opportunity employer.
Responsibilities
The Actuarial Associate will support and contribute to the coordination, preparation, and/or communication of statistical and actuarial analyses required to estimate expected losses for insurance products on an individual policy level or across the entire portfolio and/or project future financial results. The Actuarial Associate may support pricing, reserving, modeling, and/or research functions within the MEC Actuarial Department.
Key functions include but are not limited to:
- Uses best practices, with significant coaching, to review and analyze business data using traditional actuarial and/or statistical techniques to provide insights and meet business needs.
- With significant coaching, reviews and ensures quality of data used to perform actuarial and statistical services within multiple tools/applications.
- Communicates analysis results to management and non-technical users, making recommendations and providing support for assumptions and methodologies.
- Develops understanding of insurance business, products, and regulatory environment.
Qualifications
- Bachelor’s or Master’s degree in the field of mathematics, statistics, actuarial science, or other similar quantitative field.
- 1-year related work experience preferred.
- Pursuit of actuarial designation through the CAS or SOA required (CAS preferred).
- Advanced analytical and mathematical skills.
- Basic knowledge of Actuarial principles, techniques, and procedures.
- Basic knowledge of available industry data sources.
- Intermediate knowledge of basic data analysis tools like Microsoft Excel.
- Basic knowledge of advanced data analysis tools such as SQL (including query writing) and/or Power BI.
- Basic knowledge of insurance principles.
- Basic knowledge of MEC’s insurance products, services, terminology, and core systems.
- Basic knowledge of MEC data and data processes.
- Basic understanding of MEC’s goals and strategic objectives.
- Knowledge of predictive analytic/modeling techniques preferred.
- Knowledge of R, Python, or related modeling software preferred.
- Project management and financial reporting experience preferred.
- Strong interpersonal verbal and written communication skills.
- Keen attention to detail.
- Excellent active and reflective listener.
- Demonstrated interest in and ability to learn new concepts and tasks at a reasonable pace.
- Experience collaborating in a team-oriented environment.
- Strong customer service orientation.
- Willing to ask for help, when needed.
- Strong decision-making skills.
- Ability to communicate effectively in the English language.
- Ability to effectively prioritize and complete multiple concurrent assignments in a timely manner.
- Basic creative problem-solving skills.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting agencies or firms. 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
