What are the responsibilities and job description for the Reserving Actuary position at Berkley?
Company Details
Berkley Professional was founded in October 2008 as an operating unit of W. R. Berkley Corporation, one of the nation’s premier commercial property casualty insurance providers, by a team of management liability professionals with a combined total of over fifty years of experience in insurance and financial services. Backed by superior financial strength, Berkley Professional brings fresh capacity, underwriting acumen, claims handling expertise, and extensive relationships with insureds and brokers to the management liability marketplace.
Since then, Berkley Professional has enjoyed calculated and consistent growth, while exceeding the needs of our business partners. We provide customized coverage solutions with fairness, responsibility and superior claims servicing. Berkley Professional continues to expand its product capabilities as well as geographic reach in order to better serve the dynamic management liability environment. This growth includes the addition of a dedicated Financial Institutions team as well as an experienced group of Transactional Liability underwriters furthering Berkley Professional’s capabilities.
Responsibilities
Berkley Professional Liability is seeking a Reserving Actuary to be located in their NYC office.
The Reserving Actuary reports to the Chief Actuary and will focus on quarterly and year end reserving. This role will help grow and manage a profitable book of business within Berkley Professional Liability.
Key functions will include but not be limited to:
- Under the Chief Actuary’s guidance, be responsible for quarterly and year end reserving ultimate and reserve files maintenance
- Monitor reserve adequacy
- Collaborate with claims, finance, and underwriting to stay informed about business changes impacting reserves
- Support external and internal audits and regulatory compliance related to reserve calculations
- Continuously improve reserving methodologies and assumptions
- Ad hoc projects
Qualifications
- BA/BS degree required ideally in mathematics or statistics. Masters degree preferred
- 7 years of Actuarial experience
- D&O/E&O reserving experience a plus
- ACAS or FCAS designation
- Knowledge of Microsoft products including SQL, Excel, VBA, and Access
- Ability to efficiently extract, combine, validate and manipulate large quantities of multidimensional data.
- Knowledge of programming languages R or Python is a plus
- Strong attention to details: must produce accurate work products, proactively identify issues to be resolved
Additional Company Details
The Company is an equal employment opportunity employer. We do not accept any unsolicited resumes from external recruiting agencies or firms. • Base Salary Range: $130,000 - $200,000 • Eligible to participate in annual discretionary bonus • Benefits include: Health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plans 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.Salary : $130,000 - $200,000
