What are the responsibilities and job description for the Lead Actuary position at Berkley?
Company Details
As an elite Excess and Surplus Lines market, Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale surplus lines producers countrywide. We have specialized in providing these solutions for more than 35 years.
We have more flexible policy terms and premium rates on a non-admitted basis. Our focus is small to medium Property and Casualty risks on both an admitted and a non-admitted basis.
Our offerings are distributed through partnerships with appointed wholesale surplus lines producers. Our relationships are defined by mutual success, speed to market, customer-centric focus and an expanded appetite.
Coverage placed by Nautilus Insurance Group is provided by Nautilus Insurance Company and Great Divide Insurance Company, both W. R. Berkley Corporation members with A.M. Best (Superior) A XV ratings.
Benefit Highlights:
- Paid Parental Leave! At Nautilus, we offer Childbirth Recovery Leave as well as Primary Caregiver Leave, for up to a maximum of 12 weeks of paid leave.
- Nautilus offers Medical, Dental, and Vision coverage options, along with Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) choices
- We help our employees feel secure by providing a 401(k) program, profit sharing, stock purchase plan, life insurance, and travel accident insurance options.
- One of our core values is “Committed to Serve” and these aren’t idle words. We provide every employee one paid day off per year to volunteer at a local charity. That’s serving with a smile!
- We take risk management excellence and your professional growth seriously by offering Tuition Assistance and Industry-Related Education and Exam programs.
- Can you hear us now? Employees are eligible for special cell phone service discounts with Verizon and AT&T. We’ve got a plum position for you! We participate in the Plum Benefits program offering employees cost-free access to thousands of exclusive travel and entertainment discounts.
- Flexible work arrangements
- On site newly renovated fitness center - free to use for employees. Yoga and other classes available for a nominal fee.
Responsibilities
The Lead Actuary will be part of the growing Berkley team working closely with the Chief Actuary and be the primary liaison with Underwriting. In this role, collaboration and communication are critical so that meaningful insights can be formed, and solutions are implemented with our business partners, positioning the company for profitable growth.
- Perform advanced actuarial analysis, inclusive of advanced analytics and modeling, resulting in suggestions for actions
- Lead processes for the department such as Rate Reviews, Reserving Analyses, Modeling, Budget, Price Monitoring, etc.
- Translate the needs of business leaders into insightful exhibits, analyses, and/or tools
- Assist Underwriting in identifying segments with profitable growth potential; identify under-performing segments and propose corrective actions to improve profitability
- Provide assistance in the development of rating methodologies concerning both existing and new company products
- Manage priorities to meet mandated deadlines and keep discretionary projects moving with a sense of urgency
- Support the monthly and quarter financial close with reporting requirements
- Automate routine processes for greater efficiencies
- In all aspects, share the results of actuarial analyses with non-actuarial peers and executives through effective verbal and written communication and effective exhibits
May perform other functions as assigned.
Qualifications
- Bachelor’s degree in actuarial science, mathematics, economics, statistics, or any related field
- At least 5 years of Property/Casualty actuarial work, Commercial Lines Pricing and Reserving experience preferred
- ACAS designation or higher preferred
- Proficient in Microsoft Excel, SQL, Visual Basic, R, PowerBI
- Practical experience using statistical techniques to build predictive models addressing underwriting or claim issues
Additional Company Details
The Company is an equal employment opportunity employer. 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.
